Connor Clark & Lunn Investment Management Ltd. lessened its stake in shares of Signet Jewelers Ltd. (NYSE:SIG) by 12.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 425,621 shares of the company’s stock after selling 63,150 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Signet Jewelers were worth $11,560,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in shares of Signet Jewelers in the 4th quarter valued at $39,000. Westside Investment Management Inc. increased its holdings in shares of Signet Jewelers by 459.1% in the 4th quarter. Westside Investment Management Inc. now owns 3,075 shares of the company’s stock valued at $98,000 after acquiring an additional 2,525 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Signet Jewelers by 60.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,700 shares of the company’s stock valued at $100,000 after acquiring an additional 1,400 shares during the period. Juncture Wealth Strategies LLC acquired a new position in shares of Signet Jewelers in the 1st quarter valued at $209,000. Finally, Inlet Private Wealth LLC acquired a new position in shares of Signet Jewelers in the 1st quarter valued at $217,000.
Signet Jewelers stock opened at $21.10 on Friday. Signet Jewelers Ltd. has a 52 week low of $19.41 and a 52 week high of $71.07. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.45 and a current ratio of 2.76. The stock has a market capitalization of $1.06 billion, a P/E ratio of 5.67, a price-to-earnings-growth ratio of 1.07 and a beta of 0.95.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be given a $0.37 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.48 annualized dividend and a dividend yield of 7.01%. Signet Jewelers’s dividend payout ratio is presently 39.78%.
SIG has been the topic of several recent research reports. Zacks Investment Research cut shares of Signet Jewelers from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Signet Jewelers in a research note on Thursday, April 4th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $41.97.
About Signet Jewelers
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.
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