Duality Advisers LP acquired a new position in Signet Jewelers Ltd. (NYSE:SIG) in the second quarter, Holdings Channel.com reports. The firm acquired 331,246 shares of the company’s stock, valued at approximately $3,402,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisor Group Holdings Inc. purchased a new position in Signet Jewelers in the 1st quarter worth $30,000. Verus Capital Partners LLC purchased a new position in Signet Jewelers in the 4th quarter worth about $64,000. Acadian Asset Management LLC purchased a new stake in shares of Signet Jewelers during the 1st quarter valued at about $71,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Signet Jewelers during the 1st quarter valued at about $95,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Signet Jewelers by 2,133.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,605 shares of the company’s stock worth $99,000 after acquiring an additional 9,175 shares during the period.

Several equities research analysts recently issued reports on the stock. CICC Research restated a “sell” rating on shares of Signet Jewelers in a report on Wednesday, June 10th. reaffirmed a “sell” rating on shares of Signet Jewelers in a research report on Wednesday, June 10th. Finally, Telsey Advisory Group raised their price objective on shares of Signet Jewelers from $10.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, June 5th. Six analysts have rated the stock with a sell rating and two have given a hold rating to the company. Signet Jewelers presently has an average rating of “Sell” and a consensus price target of $10.60.

Shares of SIG opened at $10.74 on Friday. The company has a quick ratio of 0.97, a current ratio of 2.39 and a debt-to-equity ratio of 2.71. The business has a 50-day simple moving average of $11.11 and a two-hundred day simple moving average of $14.55. The stock has a market cap of $586.54 million, a price-to-earnings ratio of 6.13 and a beta of 2.28. Signet Jewelers Ltd. has a 52 week low of $5.60 and a 52 week high of $31.44.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Tuesday, June 9th. The company reported ($1.59) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.52) by ($0.07). The company had revenue of $852.10 million for the quarter, compared to analysts’ expectations of $795.95 million. Signet Jewelers had a negative net margin of 1.35% and a positive return on equity of 13.48%. The firm’s quarterly revenue was down 40.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 earnings per share. On average, equities analysts anticipate that Signet Jewelers Ltd. will post -1.36 earnings per share for the current fiscal year.

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

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