Korea Investment CORP Has $987,000 Position in Signet Jewelers Limited (SIG)
Korea Investment CORP boosted its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 132.8% during the second quarter, Holdings Channel reports. The fund owned 15,600 shares of the company’s stock after buying an additional 8,900 shares during the period. Korea Investment CORP’s holdings in Signet Jewelers Limited were worth $987,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. purchased a new stake in Signet Jewelers Limited during the first quarter valued at approximately $115,000. James Investment Research Inc. purchased a new stake in Signet Jewelers Limited during the first quarter valued at approximately $133,000. Daiwa Securities Group Inc. raised its stake in Signet Jewelers Limited by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 2,100 shares of the company’s stock valued at $145,000 after buying an additional 300 shares during the last quarter. FNY Managed Accounts LLC purchased a new stake in Signet Jewelers Limited during the first quarter valued at approximately $153,000. Finally, Nordea Investment Management AB raised its stake in Signet Jewelers Limited by 2.5% in the first quarter. Nordea Investment Management AB now owns 2,699 shares of the company’s stock valued at $187,000 after buying an additional 65 shares during the last quarter.
Signet Jewelers Limited (SIG) opened at 53.57 on Wednesday. Signet Jewelers Limited has a 1-year low of $46.09 and a 1-year high of $101.46. The firm has a market cap of $3.66 billion, a P/E ratio of 8.51 and a beta of 1.00. The firm has a 50 day moving average of $60.27 and a 200 day moving average of $64.00.
Signet Jewelers Limited (NYSE:SIG) last posted its quarterly earnings results on Thursday, May 25th. The company reported $1.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.63. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Signet Jewelers Limited had a return on equity of 19.20% and a net margin of 7.46%. The business’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.95 EPS. On average, equities research analysts expect that Signet Jewelers Limited will post $6.68 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Friday, July 28th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, July 26th. Signet Jewelers Limited’s dividend payout ratio is currently 19.97%.
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Several analysts have recently commented on SIG shares. Instinet reduced their price target on shares of Signet Jewelers Limited from $92.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, May 30th. Bank of America Corporation reaffirmed a “buy” rating and set a $75.00 price target (down previously from $90.00) on shares of Signet Jewelers Limited in a research report on Sunday, May 28th. Royal Bank Of Canada set a $63.00 price target on shares of Signet Jewelers Limited and gave the company a “buy” rating in a research report on Friday, May 26th. Nomura set a $70.00 price target on shares of Signet Jewelers Limited and gave the company a “buy” rating in a research report on Tuesday, July 18th. Finally, Needham & Company LLC started coverage on shares of Signet Jewelers Limited in a research report on Tuesday, July 18th. They set a “buy” rating and a $69.00 price target on the stock. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $77.35.
In related news, Director H. Todd Stitzer purchased 2,090 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were bought at an average price of $47.91 per share, with a total value of $100,131.90. Following the completion of the purchase, the director now directly owns 16,823 shares in the company, valued at approximately $805,989.93. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.52% of the company’s stock.
Signet Jewelers Limited Company Profile
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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