Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Signet Jewelers Limited (NYSE:SIG – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,600 shares of the company’s stock, valued at approximately $1,082,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE boosted its position in Signet Jewelers by 0.4% during the 2nd quarter. US Bancorp DE now owns 30,302 shares of the company’s stock worth $2,411,000 after purchasing an additional 121 shares during the period. Yousif Capital Management LLC lifted its stake in shares of Signet Jewelers by 0.8% during the second quarter. Yousif Capital Management LLC now owns 17,220 shares of the company’s stock worth $1,370,000 after purchasing an additional 133 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Signet Jewelers by 2.1% in the second quarter. Nisa Investment Advisors LLC now owns 11,008 shares of the company’s stock worth $876,000 after buying an additional 224 shares during the period. Simon Quick Advisors LLC grew its stake in shares of Signet Jewelers by 4.2% in the second quarter. Simon Quick Advisors LLC now owns 6,190 shares of the company’s stock valued at $492,000 after buying an additional 252 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in shares of Signet Jewelers by 2.9% in the second quarter. SummerHaven Investment Management LLC now owns 9,478 shares of the company’s stock valued at $754,000 after buying an additional 264 shares in the last quarter.
Signet Jewelers Trading Up 3.7%
SIG stock opened at $103.59 on Thursday. The firm has a 50 day simple moving average of $98.86 and a 200-day simple moving average of $86.52. The company has a market capitalization of $4.24 billion, a P/E ratio of 34.76, a PEG ratio of 1.16 and a beta of 1.30. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $110.20.
Signet Jewelers Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, October 24th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.2%. Signet Jewelers’s dividend payout ratio (DPR) is presently 42.95%.
Analyst Ratings Changes
Several equities analysts recently commented on the company. Bank of America boosted their price target on Signet Jewelers from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Stephens began coverage on shares of Signet Jewelers in a research note on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a research report on Wednesday, October 8th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $92.00 price target on shares of Signet Jewelers in a report on Tuesday. Finally, Wall Street Zen raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Signet Jewelers has an average rating of “Moderate Buy” and an average target price of $105.50.
Read Our Latest Stock Analysis on SIG
About Signet Jewelers
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.
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