Kingsview Wealth Management LLC Purchases New Shares in Signet Jewelers Limited $SIG

Kingsview Wealth Management LLC purchased a new stake in Signet Jewelers Limited (NYSE:SIG) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 36,386 shares of the company’s stock, valued at approximately $3,016,000. Kingsview Wealth Management LLC owned 0.09% of Signet Jewelers as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in SIG. LSV Asset Management grew its stake in Signet Jewelers by 90.0% in the 4th quarter. LSV Asset Management now owns 1,077,851 shares of the company’s stock valued at $89,332,000 after acquiring an additional 510,551 shares during the period. Bowen Hanes & Co. Inc. acquired a new stake in Signet Jewelers in the 3rd quarter valued at $47,837,000. UBS Group AG grew its stake in Signet Jewelers by 185.4% in the 4th quarter. UBS Group AG now owns 545,140 shares of the company’s stock valued at $45,181,000 after acquiring an additional 354,108 shares during the period. JPMorgan Chase & Co. grew its stake in Signet Jewelers by 212.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 500,589 shares of the company’s stock valued at $48,016,000 after acquiring an additional 340,228 shares during the period. Finally, Summit Street Capital Management LLC acquired a new stake in Signet Jewelers in the 3rd quarter valued at $25,328,000.

Signet Jewelers Stock Up 0.5%

Shares of SIG opened at $87.40 on Friday. Signet Jewelers Limited has a 52-week low of $65.20 and a 52-week high of $110.20. The firm’s fifty day moving average is $86.51 and its two-hundred day moving average is $89.76. The stock has a market cap of $3.50 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, March 19th. The company reported $6.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.11 by $0.14. Signet Jewelers had a net margin of 4.32% and a return on equity of 22.22%. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the previous year, the company posted $6.62 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. As a group, research analysts anticipate that Signet Jewelers Limited will post 10.3 earnings per share for the current year.

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, April 24th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, April 24th. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.32. Signet Jewelers’s payout ratio is presently 17.95%.

Analyst Upgrades and Downgrades

SIG has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of Signet Jewelers in a research note on Monday, March 9th. Zacks Research cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Wall Street Zen cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Stephens reaffirmed an “overweight” rating and set a $130.00 target price on shares of Signet Jewelers in a research note on Friday. Finally, Royal Bank Of Canada raised shares of Signet Jewelers to a “hold” rating in a research note on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus price target of $112.88.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.