State of Alaska Department of Revenue trimmed its stake in shares of Signet Jewelers Limited ( – ) by 2.3% during the fourth quarter, reports. The firm owned 27,614 shares of the company’s stock after selling 636 shares during the period. State of Alaska Department of Revenue’s holdings in Signet Jewelers were worth $2,961,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in SIG. Belpointe Asset Management LLC increased its position in Signet Jewelers by 67.9% in the 1st quarter. Belpointe Asset Management LLC now owns 403 shares of the company’s stock valued at $31,000 after acquiring an additional 163 shares during the period. Quarry LP increased its position in Signet Jewelers by 274.1% in the 1st quarter. Quarry LP now owns 404 shares of the company’s stock valued at $31,000 after acquiring an additional 296 shares during the period. Ronald Blue Trust Inc. increased its position in Signet Jewelers by 187.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 494 shares of the company’s stock valued at $35,000 after acquiring an additional 322 shares during the period. NewEdge Advisors LLC acquired a new stake in Signet Jewelers in the 1st quarter valued at approximately $51,000. Finally, Lazard Asset Management LLC increased its position in Signet Jewelers by 17.0% in the 3rd quarter. Lazard Asset Management LLC now owns 1,374 shares of the company’s stock valued at $98,000 after acquiring an additional 200 shares during the period.
Signet Jewelers Stock Up 9.8 %
opened at $104.43 on Thursday. The firm has a market cap of $4.63 billion, a PE ratio of 6.97, a P/E/G ratio of 1.28 and a beta of 2.13. The business has a fifty day simple moving average of $100.32 and a 200-day simple moving average of $90.11. Signet Jewelers Limited has a fifty-two week low of $57.10 and a fifty-two week high of $108.79.
Signet Jewelers ( – ) last released its quarterly earnings data on Wednesday, March 20th. The company reported $6.73 earnings per share for the quarter, topping the consensus estimate of $6.33 by $0.40. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.55 billion. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company posted $5.52 EPS. On average, equities research analysts anticipate that Signet Jewelers Limited will post 9.65 EPS for the current fiscal year.
Signet Jewelers Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.11%. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, April 25th. Signet Jewelers’s dividend payout ratio (DPR) is currently 6.14%.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Wells Fargo & Company raised their target price on Signet Jewelers from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, December 22nd. Bank of America decreased their price target on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Telsey Advisory Group decreased their price target on Signet Jewelers from $105.00 to $100.00 and set a “market perform” rating for the company in a research note on Thursday, March 21st. UBS Group decreased their price target on Signet Jewelers from $138.00 to $134.00 and set a “buy” rating for the company in a research note on Tuesday, March 19th. Finally, Citigroup raised Signet Jewelers from a “neutral” rating to a “buy” rating and increased their price target for the company from $93.00 to $119.00 in a research note on Wednesday, December 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $114.60.
Insider Buying and Selling
In related news, insider sold 750 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $100.36, for a total transaction of $75,270.00. Following the completion of the sale, the insider now directly owns 23,321 shares in the company, valued at $2,340,495.56. The sale was disclosed in a filing with the SEC, which is available through . In other Signet Jewelers news, insider Howard A. Melnick sold 1,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $99.60, for a total transaction of $99,600.00. Following the transaction, the insider now directly owns 65,999 shares in the company, valued at $6,573,500.40. The transaction was disclosed in a filing with the SEC, which is available through . Also, insider sold 750 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $100.36, for a total value of $75,270.00. Following the transaction, the insider now owns 23,321 shares in the company, valued at $2,340,495.56. The disclosure for this sale can be found . Over the last ninety days, insiders sold 92,435 shares of company stock worth $8,987,931. Corporate insiders own 4.54% of the company’s stock.
About Signet Jewelers
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Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.
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