The Advisors Asset Management Inc. invests in Signet Jewelers Ltd. (SIG) Shares

The Advisors Asset Management Inc. invests in Signet Jewelers Ltd. (SIG) Shares

Advisors Asset Management Inc. increased its position in shares of Signet Jewelers Ltd. (NYSE:SIG) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 2,389 shares of the company’s stock after buying an additional 46 shares during the period. Advisors Asset Management Inc.’s holdings in Signet Jewelers were worth $197,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in Signet Jewelers by 19.4% in the first quarter. Wellington Management Group LLP now owns 3,565,363 shares of the company’s stock valued at $442,212,000 after buying an additional 580,532 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Signet Jewelers by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,049,603 shares of the company’s stock valued at $254,212,000 after buying an additional 54,523 shares during the period. Pennant Capital Management LLC boosted its position in Signet Jewelers by 17.6% in the first quarter. Pennant Capital Management LLC now owns 1,867,627 shares of the company’s stock valued at $231,642,000 after buying an additional 279,226 shares during the period. Abrams Bison Investments LLC boosted its position in Signet Jewelers by 41.0% in the first quarter. Abrams Bison Investments LLC now owns 1,247,607 shares of the company’s stock valued at $154,741,000 after buying an additional 362,607 shares during the period. Finally, Jennison Associates LLC boosted its position in Signet Jewelers by 12.9% in the second quarter. Jennison Associates LLC now owns 1,229,663 shares of the company’s stock valued at $101,337,000 after buying an additional 140,833 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of Signet Jewelers Ltd. (NYSE:SIG) traded up 3.71% during trading on Wednesday, reaching $80.71. 805,047 shares of the company’s stock were exchanged. The stock has a market capitalization of $6.10 billion, a PE ratio of 12.30 and a beta of 1.46. The company’s 50-day moving average is $81.39 and its 200 day moving average is $94.45. Signet Jewelers Ltd. has a 52 week low of $72.65 and a 52 week high of $152.27.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.45 by $0.31. Signet Jewelers had a return on equity of 18.70% and a net margin of 7.86%. The company earned $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company earned $1.28 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts forecast that Signet Jewelers Ltd. will post $7.30 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Friday, October 28th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.34%. The ex-dividend date is Wednesday, October 26th. Signet Jewelers’s dividend payout ratio (DPR) is presently 15.90%.

Several research analysts have commented on the stock. Vetr cut shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $91.00 price target for the company. in a report on Wednesday, August 31st. Bank of America Corp. reiterated a “buy” rating and set a $110.00 price target on shares of Signet Jewelers in a report on Tuesday, September 13th. Telsey Advisory Group lowered their price target on shares of Signet Jewelers from $140.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, August 26th. Royal Bank Of Canada lowered their price target on shares of Signet Jewelers from $120.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, August 26th. Finally, JPMorgan Chase & Co. cut shares of Signet Jewelers from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $136.00 to $90.00 in a report on Tuesday, August 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $107.27.

In other Signet Jewelers news, Director Helen Mccluskey purchased 1,000 shares of the company’s stock in a transaction on Tuesday, July 19th. The shares were purchased at an average cost of $89.91 per share, for a total transaction of $89,910.00. Following the completion of the transaction, the director now owns 6,197 shares in the company, valued at $557,172.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas G. Plaskett purchased 300 shares of the company’s stock in a transaction on Friday, July 22nd. The stock was acquired at an average price of $88.88 per share, for a total transaction of $26,664.00. Following the completion of the transaction, the director now owns 16,407 shares of the company’s stock, valued at approximately $1,458,254.16. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by company insiders.

About Signet Jewelers

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.

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