Syntal Capital Partners LLC trimmed its position in Signet Jewelers Limited (NYSE:SIG) by 30.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 20,984 shares of the company’s stock after selling 9,395 shares during the period. Syntal Capital Partners LLC’s holdings in Signet Jewelers were worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Squarepoint Ops LLC grew its holdings in Signet Jewelers by 520.9% in the 1st quarter. Squarepoint Ops LLC now owns 45,947 shares of the company’s stock valued at $2,664,000 after buying an additional 38,547 shares in the last quarter. UBS Group AG grew its holdings in shares of Signet Jewelers by 2,613.6% during the 1st quarter. UBS Group AG now owns 127,079 shares of the company’s stock worth $7,368,000 after purchasing an additional 122,396 shares in the last quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income acquired a new stake in shares of Signet Jewelers during the 2nd quarter worth $9,678,000. Walleye Capital LLC acquired a new stake in shares of Signet Jewelers during the 1st quarter worth $206,000. Finally, Citigroup Inc. grew its holdings in shares of Signet Jewelers by 176.8% during the 2nd quarter. Citigroup Inc. now owns 102,090 shares of the company’s stock worth $8,248,000 after purchasing an additional 65,205 shares in the last quarter. 94.10% of the stock is currently owned by hedge funds and other institutional investors.
In other Signet Jewelers news, CEO Virginia Drosos sold 25,000 shares of Signet Jewelers stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of $81.26, for a total value of $2,031,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.76% of the company’s stock.
Signet Jewelers (NYSE:SIG) last issued its earnings results on Wednesday, September 1st. The company reported $3.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.69 by $1.88. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.65 billion. Signet Jewelers had a return on equity of 50.02% and a net margin of 8.88%. The firm’s revenue for the quarter was up 101.4% on a year-over-year basis. During the same period in the previous year, the company posted ($1.13) earnings per share. On average, analysts predict that Signet Jewelers Limited will post 8.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 26th. Shareholders of record on Friday, October 29th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, October 28th. This represents a $0.72 dividend on an annualized basis and a yield of 0.87%. Signet Jewelers’s payout ratio is currently 34.12%.
Several research firms have recently issued reports on SIG. Telsey Advisory Group increased their target price on Signet Jewelers from $85.00 to $94.00 and gave the stock a “market perform” rating in a report on Friday, September 3rd. Citigroup raised their price objective on Signet Jewelers from $68.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, June 11th. Zacks Investment Research raised Signet Jewelers from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Monday, August 30th. Wells Fargo & Company raised Signet Jewelers from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $80.00 to $100.00 in a research note on Thursday, September 16th. Finally, raised their price objective on Signet Jewelers from $68.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, June 11th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $87.40.
Signet Jewelers Profile
Signet Jewelers Ltd. engages in the retail of diamond jewelry. It operates through the following business segments: North America, International, and Others. The North America segment operates jewelry stores in malls, mall-based kiosks, and off-mall locations throughout the U.S. and Canada. The International sells primarily in the UK and Ireland under the H.
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