Pitcairn Co. Invests $203,000 in Signet Jewelers Limited (SIG)
Pitcairn Co. purchased a new position in Signet Jewelers Limited (NYSE:SIG) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,048 shares of the company’s stock, valued at approximately $203,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Signet Jewelers Limited by 1.5% in the second quarter. Vanguard Group Inc. now owns 6,650,379 shares of the company’s stock worth $420,569,000 after purchasing an additional 97,075 shares during the period. Capital Research Global Investors boosted its holdings in Signet Jewelers Limited by 1.7% in the second quarter. Capital Research Global Investors now owns 5,377,336 shares of the company’s stock worth $340,063,000 after purchasing an additional 88,336 shares during the period. BlackRock Inc. boosted its holdings in Signet Jewelers Limited by 6.6% in the second quarter. BlackRock Inc. now owns 4,416,710 shares of the company’s stock worth $279,313,000 after purchasing an additional 272,979 shares during the period. State Street Corp boosted its holdings in Signet Jewelers Limited by 2.1% in the second quarter. State Street Corp now owns 3,365,495 shares of the company’s stock worth $212,841,000 after purchasing an additional 69,756 shares during the period. Finally, Investec Asset Management LTD boosted its holdings in Signet Jewelers Limited by 14.1% in the second quarter. Investec Asset Management LTD now owns 1,902,829 shares of the company’s stock worth $120,335,000 after purchasing an additional 235,207 shares during the period.
Signet Jewelers Limited (NYSE SIG) traded down $0.04 during mid-day trading on Monday, reaching $70.81. 1,346,400 shares of the company traded hands, compared to its average volume of 1,737,994. The firm has a market capitalization of $4,281.17, a P/E ratio of 10.58, a P/E/G ratio of 1.32 and a beta of 1.03. Signet Jewelers Limited has a 1-year low of $46.09 and a 1-year high of $101.46. The company has a quick ratio of 1.14, a current ratio of 2.40 and a debt-to-equity ratio of 0.32.
Signet Jewelers Limited (NYSE:SIG) last posted its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate 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 company posted $1.14 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. sell-side analysts expect that Signet Jewelers Limited will post 7.14 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, October 27th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.75%. The ex-dividend date is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio (DPR) is presently 19.14%.
A number of equities analysts have commented on the stock. Needham & Company LLC lifted their price objective on shares of Signet Jewelers Limited from $69.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, September 20th. Royal Bank Of Canada reissued a “buy” rating and set a $66.00 price target on shares of Signet Jewelers Limited in a report on Thursday, October 5th. Northcoast Research reissued a “neutral” rating on shares of Signet Jewelers Limited in a report on Friday, September 29th. Cowen and Company reissued a “market perform” rating and set a $67.00 price target (up previously from $61.00) on shares of Signet Jewelers Limited in a report on Tuesday, September 12th. Finally, ValuEngine raised shares of Signet Jewelers Limited from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $70.25.
Signet Jewelers Limited Company 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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