Vinva Investment Management Ltd acquired a new stake in Signet Jewelers Limited (NYSE:SIG – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,560 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 SIG. Ameritas Advisory Services LLC acquired a new stake in Signet Jewelers in the second quarter valued at approximately $29,000. Brooklyn Investment Group grew its position in Signet Jewelers by 42,700.0% in the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company’s stock valued at $25,000 after purchasing an additional 427 shares during the period. Headlands Technologies LLC bought a new stake in Signet Jewelers during the 1st quarter valued at $36,000. Quarry LP acquired a new position in Signet Jewelers during the first quarter worth $54,000. Finally, Allworth Financial LP lifted its stake in shares of Signet Jewelers by 205.9% in the second quarter. Allworth Financial LP now owns 1,505 shares of the company’s stock valued at $120,000 after buying an additional 1,013 shares in the last quarter.
Signet Jewelers Price Performance
NYSE:SIG opened at $100.19 on Friday. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 1.16 and a beta of 1.30. The business has a 50 day moving average of $99.08 and a 200 day moving average of $86.98. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $110.20.
Signet Jewelers Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, October 24th were issued a $0.32 dividend. The ex-dividend date was Friday, October 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. Signet Jewelers’s payout ratio is currently 42.95%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $92.00 target price on shares of Signet Jewelers in a research report on Tuesday, November 25th. Wall Street Zen upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Stephens began coverage on shares of Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 target price for the company. Citigroup lifted their price target on Signet Jewelers from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Finally, UBS Group increased their target price on shares of Signet Jewelers from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.50.
Read Our Latest Stock Analysis on Signet Jewelers
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 Outlet, Zales Jewelers, 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.
Recommended Stories
- Five stocks we like better than Signet Jewelers
- What Are Dividends? Buy the Best Dividend Stocks
- Meta Platforms May Ditch NVIDIA Chips—Here’s Why Investors Care
- Bank Stocks – Best Bank Stocks to Invest In
- SoFi Technologies: From Fintech Speculation to Profit Engine
- Best Stocks Under $5.00
- Gold to $5,000? What Bank of America and UBS Have to Say
Want to see what other hedge funds are holding SIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Signet Jewelers Limited (NYSE:SIG – Free Report).
Receive News & Ratings for Signet Jewelers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers and related companies with MarketBeat.com's FREE daily email newsletter.
