Signet Jewelers Ltd. (NYSE:SIG) Position Raised by Neuburgh Advisers LLC

Neuburgh Advisers LLC raised its stake in Signet Jewelers Ltd. (NYSE:SIG) by 23.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 8,338 shares of the company’s stock after buying an additional 1,562 shares during the quarter. Neuburgh Advisers LLC’s holdings in Signet Jewelers were worth $149,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CenterStar Asset Management LLC lifted its stake in Signet Jewelers by 136.0% in the second quarter. CenterStar Asset Management LLC now owns 1,660 shares of the company’s stock valued at $29,000 after buying an additional 6,270 shares during the last quarter. NuWave Investment Management LLC increased its holdings in shares of Signet Jewelers by 1,000.0% during the second quarter. NuWave Investment Management LLC now owns 6,468 shares of the company’s stock valued at $116,000 after purchasing an additional 5,880 shares during the period. Bank of Montreal Can increased its holdings in shares of Signet Jewelers by 76.9% during the second quarter. Bank of Montreal Can now owns 8,528 shares of the company’s stock valued at $152,000 after purchasing an additional 3,708 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Signet Jewelers by 22.3% during the second quarter. Riverhead Capital Management LLC now owns 12,600 shares of the company’s stock valued at $225,000 after purchasing an additional 2,300 shares during the period. Finally, CIBC World Markets Inc. acquired a new position in shares of Signet Jewelers during the first quarter valued at $237,000.

A number of research analysts have recently commented on SIG shares. Zacks Investment Research raised Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 price target on the stock in a report on Monday, August 12th. Bank of America lowered their price target on Signet Jewelers from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Nomura lowered their price target on Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, June 7th. Citigroup lowered their price target on Signet Jewelers from $17.00 to $12.00 and set a “sell” rating on the stock in a report on Friday, September 6th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $22.00 price target (down from $28.00) on shares of Signet Jewelers in a report on Monday, June 3rd. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.29.

In other news, CEO Virginia Drosos bought 4,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $14.14 per share, with a total value of $56,560.00. Following the completion of the acquisition, the chief executive officer now directly owns 232,181 shares in the company, valued at $3,283,039.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joan M. Hilson bought 7,500 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $14.46 per share, for a total transaction of $108,450.00. Following the completion of the acquisition, the chief financial officer now owns 33,127 shares of the company’s stock, valued at $479,016.42. The disclosure for this purchase can be found here. 0.96% of the stock is owned by insiders.

NYSE:SIG traded down $0.61 during mid-day trading on Friday, reaching $16.75. 105,867 shares of the stock were exchanged, compared to its average volume of 4,074,712. The business has a fifty day moving average price of $14.35 and a 200 day moving average price of $20.28. The firm has a market capitalization of $928.46 million, a PE ratio of 4.46, a PEG ratio of 0.84 and a beta of 0.96. Signet Jewelers Ltd. has a 1-year low of $10.40 and a 1-year high of $68.24. The company has a current ratio of 2.10, a quick ratio of 0.37 and a debt-to-equity ratio of 1.95.

Signet Jewelers (NYSE:SIG) last released its earnings results on Thursday, September 5th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.26. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Signet Jewelers had a positive return on equity of 17.75% and a negative net margin of 2.99%. Signet Jewelers’s revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. On average, sell-side analysts forecast that Signet Jewelers Ltd. will post 3.09 earnings per share for the current year.

The company also recently announced a — dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a dividend of $0.37 per share. This represents a yield of 10.5%. The ex-dividend date of this dividend is Thursday, October 31st. Signet Jewelers’s payout ratio is currently 39.78%.

Signet Jewelers Company Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.

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

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