Howard Hughes Medical Institute Acquires 100,661 Shares of Signet Jewelers Limited (SIG)
Howard Hughes Medical Institute lifted its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 56.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 280,100 shares of the company’s stock after acquiring an additional 100,661 shares during the period. Signet Jewelers Limited accounts for approximately 3.2% of Howard Hughes Medical Institute’s investment portfolio, making the stock its 5th biggest holding. Howard Hughes Medical Institute owned approximately 0.41% of Signet Jewelers Limited worth $17,714,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of SIG. BlackRock Inc. raised its position in shares of Signet Jewelers Limited by 3,088.1% during the 1st quarter. BlackRock Inc. now owns 4,143,731 shares of the company’s stock worth $287,037,000 after acquiring an additional 4,013,758 shares in the last quarter. Causeway Capital Management LLC raised its position in shares of Signet Jewelers Limited by 61.3% during the 1st quarter. Causeway Capital Management LLC now owns 2,439,144 shares of the company’s stock worth $194,106,000 after acquiring an additional 927,355 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Signet Jewelers Limited by 173.4% during the 1st quarter. Clearbridge Investments LLC now owns 1,295,909 shares of the company’s stock worth $89,768,000 after acquiring an additional 821,914 shares in the last quarter. Investec Asset Management LTD raised its position in shares of Signet Jewelers Limited by 67.8% during the 1st quarter. Investec Asset Management LTD now owns 1,667,622 shares of the company’s stock worth $115,516,000 after acquiring an additional 674,101 shares in the last quarter. Finally, SRS Investment Management LLC raised its position in shares of Signet Jewelers Limited by 54.2% during the 1st quarter. SRS Investment Management LLC now owns 1,817,103 shares of the company’s stock worth $125,871,000 after acquiring an additional 638,954 shares in the last quarter.
Signet Jewelers Limited (NYSE:SIG) traded up 1.26% on Friday, hitting $69.75. The stock had a trading volume of 2,703,286 shares. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 10.50 and a beta of 0.99. Signet Jewelers Limited has a 12-month low of $46.09 and a 12-month high of $101.46. The company’s 50 day moving average price is $60.86 and its 200-day moving average price is $62.17.
Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings results on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.23. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS. Equities research analysts anticipate that Signet Jewelers Limited will post $7.07 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, October 27th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Thursday, October 26th. Signet Jewelers Limited’s payout ratio is 19.14%.
Several brokerages have recently weighed in on SIG. Cowen and Company reissued a “market perform” rating and set a $67.00 target price (up previously from $61.00) on shares of Signet Jewelers Limited in a research report on Tuesday. ValuEngine lowered Signet Jewelers Limited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Monday, September 4th. BidaskClub raised Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Buckingham Research reaffirmed a “neutral” rating and set a $51.00 price target on shares of Signet Jewelers Limited in a research report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $71.63.
About Signet Jewelers Limited
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.
Receive News & Ratings for Signet Jewelers Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers Limited and related companies with MarketBeat.com's FREE daily email newsletter.