Parametrica Management Ltd Takes $485,000 Position in Signet Jewelers Limited (SIG)
Parametrica Management Ltd acquired a new stake in Signet Jewelers Limited (NYSE:SIG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,281 shares of the company’s stock, valued at approximately $485,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Signet Jewelers Limited by 30.7% in the second quarter. Wells Fargo & Company MN now owns 1,699,103 shares of the company’s stock valued at $107,451,000 after acquiring an additional 399,070 shares in the last quarter. BlackRock Inc. boosted its stake in Signet Jewelers Limited by 3,088.1% in the first quarter. BlackRock Inc. now owns 4,143,731 shares of the company’s stock valued at $287,037,000 after acquiring an additional 4,013,758 shares in the last quarter. Cadence Capital Management LLC acquired a new position in Signet Jewelers Limited in the second quarter valued at $452,000. Hosking Partners LLP boosted its stake in Signet Jewelers Limited by 1.6% in the second quarter. Hosking Partners LLP now owns 118,337 shares of the company’s stock valued at $7,484,000 after acquiring an additional 1,913 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in Signet Jewelers Limited in the first quarter valued at $901,000.
Shares of Signet Jewelers Limited (NYSE SIG) traded up 2.44% during midday trading on Wednesday, hitting $67.17. 193,036 shares of the stock traded hands. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 10.11 and a beta of 0.98. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46. The firm has a 50-day moving average price of $65.57 and a 200 day moving average price of $61.57.
Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.23. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts anticipate that Signet Jewelers Limited will post $7.00 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 27th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio is presently 19.14%.
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Several equities analysts have issued reports on SIG shares. Wells Fargo & Company set a $97.00 price objective on shares of Signet Jewelers Limited and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Nomura set a $70.00 price objective on shares of Signet Jewelers Limited and gave the company a “buy” rating in a research note on Tuesday, July 18th. BidaskClub upgraded shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Needham & Company LLC set a $69.00 price objective on shares of Signet Jewelers Limited and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Buckingham Research restated a “neutral” rating and issued a $51.00 price objective on shares of Signet Jewelers Limited in a research note on Saturday, August 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $70.93.
Signet Jewelers Limited Profile
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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