SG Americas Securities LLC Boosts Stock Position in Signet Jewelers Limited (NYSE:SIG)

SG Americas Securities LLC grew its holdings in shares of Signet Jewelers Limited (NYSE:SIGFree Report) by 25.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,365 shares of the company’s stock after purchasing an additional 1,720 shares during the period. SG Americas Securities LLC’s holdings in Signet Jewelers were worth $675,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SIG. Nordea Investment Management AB lifted its stake in Signet Jewelers by 36.3% during the fourth quarter. Nordea Investment Management AB now owns 132,070 shares of the company’s stock worth $10,704,000 after purchasing an additional 35,174 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Signet Jewelers during the 3rd quarter worth approximately $2,853,000. Versor Investments LP acquired a new position in shares of Signet Jewelers in the 3rd quarter valued at $977,000. DF Dent & Co. Inc. purchased a new position in shares of Signet Jewelers in the 3rd quarter valued at $1,547,000. Finally, Citigroup Inc. raised its stake in Signet Jewelers by 72.4% during the 3rd quarter. Citigroup Inc. now owns 56,758 shares of the company’s stock worth $5,854,000 after acquiring an additional 23,836 shares in the last quarter.

Signet Jewelers Stock Up 3.3 %

SIG stock opened at $60.39 on Friday. The company’s 50-day moving average price is $78.74 and its 200 day moving average price is $85.40. Signet Jewelers Limited has a 52 week low of $54.44 and a 52 week high of $112.06. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The company has a market cap of $2.63 billion, a P/E ratio of 6.95, a P/E/G ratio of 3.84 and a beta of 2.13.

Signet Jewelers (NYSE:SIGGet Free Report) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. On average, research analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 24th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, January 24th. This represents a $1.16 annualized dividend and a dividend yield of 1.92%. Signet Jewelers’s dividend payout ratio is currently 13.35%.

Analyst Upgrades and Downgrades

SIG has been the subject of several research analyst reports. Bank of America decreased their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Telsey Advisory Group decreased their target price on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, January 15th. Wells Fargo & Company cut their price target on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.20.

Read Our Latest Stock Report on Signet Jewelers

Signet Jewelers Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

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