Wedge Capital Management L L P NC Sells 3,775 Shares of Signet Jewelers Ltd. (NYSE:SIG)

Wedge Capital Management L L P NC decreased its position in Signet Jewelers Ltd. (NYSE:SIG) by 22.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 13,347 shares of the company’s stock after selling 3,775 shares during the period. Wedge Capital Management L L P NC’s holdings in Signet Jewelers were worth $239,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake in shares of Signet Jewelers by 60.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,700 shares of the company’s stock worth $100,000 after purchasing an additional 1,400 shares in the last quarter. NuWave Investment Management LLC raised its stake in Signet Jewelers by 1,000.0% in the 2nd quarter. NuWave Investment Management LLC now owns 6,468 shares of the company’s stock valued at $116,000 after acquiring an additional 5,880 shares during the period. Inlet Private Wealth LLC bought a new stake in Signet Jewelers in the 1st quarter valued at $217,000. CIBC World Markets Inc. bought a new stake in Signet Jewelers in the 1st quarter valued at $237,000. Finally, Fox Run Management L.L.C. bought a new stake in Signet Jewelers in the 2nd quarter valued at $385,000. Institutional investors own 99.56% of the company’s stock.

NYSE SIG traded down $0.35 on Tuesday, reaching $11.97. The stock had a trading volume of 61,961 shares, compared to its average volume of 1,968,701. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.07 and a quick ratio of 0.31. The firm has a fifty day moving average of $16.55 and a two-hundred day moving average of $21.65. Signet Jewelers Ltd. has a 1-year low of $11.51 and a 1-year high of $71.07. The company has a market cap of $620.55 million, a P/E ratio of 3.22, a price-to-earnings-growth ratio of 0.61 and a beta of 0.93.

Signet Jewelers (NYSE:SIG) last released its earnings results on Thursday, June 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.32. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. Signet Jewelers had a positive return on equity of 16.90% and a negative net margin of 2.76%. Signet Jewelers’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. Research analysts predict that Signet Jewelers Ltd. will post 3.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, August 1st. This represents a $1.48 annualized dividend and a dividend yield of 12.36%. Signet Jewelers’s dividend payout ratio is currently 39.78%.

A number of equities research analysts recently weighed in on the company. Telsey Advisory Group restated a “market perform” rating and issued a $22.00 price target (down previously from $28.00) on shares of Signet Jewelers in a research note on Monday, June 3rd. Nomura dropped their price target on Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, June 7th. Bank of America decreased their price objective on Signet Jewelers from $30.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, June 7th. Finally, Zacks Investment Research raised Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 price objective on the stock in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.68.

Signet Jewelers Company Profile

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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Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

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