Commerce Bank bought a new position in Signet Jewelers Limited (NYSE:SIG – Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 2,625 shares of the company’s stock, valued at approximately $204,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Signet Jewelers by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 6,181,170 shares of the company’s stock worth $449,370,000 after purchasing an additional 31,035 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Signet Jewelers by 8.2% in the 1st quarter. Victory Capital Management Inc. now owns 1,996,027 shares of the company’s stock worth $155,251,000 after purchasing an additional 152,121 shares in the last quarter. State Street Corp lifted its stake in Signet Jewelers by 2.5% in the 1st quarter. State Street Corp now owns 1,769,053 shares of the company’s stock worth $128,610,000 after purchasing an additional 42,874 shares in the last quarter. Geode Capital Management LLC lifted its stake in Signet Jewelers by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 842,456 shares of the company’s stock worth $57,287,000 after purchasing an additional 29,590 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Signet Jewelers by 20.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 750,431 shares of the company’s stock worth $54,556,000 after buying an additional 127,389 shares during the last quarter.
Insiders Place Their Bets
In other Signet Jewelers news, Director Brian A. Tilzer sold 5,000 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $70.00, for a total value of $350,000.00. Following the sale, the director now owns 20,915 shares of the company’s stock, valued at approximately $1,464,050. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Signet Jewelers news, Director Brian A. Tilzer sold 5,000 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $70.00, for a total value of $350,000.00. Following the sale, the director now owns 20,915 shares of the company’s stock, valued at approximately $1,464,050. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mary Elizabeth Finn sold 7,283 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $79.13, for a total transaction of $576,303.79. Following the completion of the sale, the insider now directly owns 88,803 shares in the company, valued at approximately $7,026,981.39. The disclosure for this sale can be found here. Insiders have sold a total of 95,179 shares of company stock valued at $6,677,695 in the last quarter. Insiders own 4.54% of the company’s stock.
Signet Jewelers Price Performance
Signet Jewelers (NYSE:SIG – Get Free Report) last released its earnings results on Thursday, June 8th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.49 by $0.29. Signet Jewelers had a net margin of 7.27% and a return on equity of 40.57%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $2.86 EPS. The firm’s quarterly revenue was down 9.3% compared to the same quarter last year. Research analysts predict that Signet Jewelers Limited will post 9.69 earnings per share for the current year.
Signet Jewelers Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, July 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, July 27th. Signet Jewelers’s dividend payout ratio (DPR) is presently 9.21%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on SIG. StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Telsey Advisory Group increased their price target on shares of Signet Jewelers from $75.00 to $85.00 and gave the stock a “market perform” rating in a report on Wednesday, April 19th. Citigroup decreased their price target on shares of Signet Jewelers from $82.00 to $68.00 in a report on Friday, June 9th. Northcoast Research lowered shares of Signet Jewelers from a “buy” rating to a “neutral” rating in a report on Monday, June 12th. Finally, Wells Fargo & Company decreased their price target on shares of Signet Jewelers from $100.00 to $95.00 in a report on Friday, June 9th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $83.40.
Check Out Our Latest Report on SIG
Signet Jewelers Company Profile
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 Jewelers, Zales Outlet, 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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