Signet Jewelers Limited (SIG) Stake Lowered by Nomura Asset Management Co. Ltd.
Nomura Asset Management Co. Ltd. decreased its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 19.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,857 shares of the company’s stock after selling 26,575 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.18% of Signet Jewelers worth $7,179,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth Bank of Australia boosted its stake in Signet Jewelers by 5.6% in the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock worth $101,000 after buying an additional 85 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. purchased a new stake in Signet Jewelers in the second quarter worth approximately $121,000. Tower Research Capital LLC TRC boosted its stake in Signet Jewelers by 19.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock worth $128,000 after buying an additional 335 shares in the last quarter. Monroe Bank & Trust MI purchased a new stake in Signet Jewelers in the third quarter worth approximately $179,000. Finally, Pitcairn Co. purchased a new stake in Signet Jewelers in the third quarter worth approximately $203,000.
Shares of Signet Jewelers Limited (SIG) traded up $0.49 during mid-day trading on Thursday, reaching $50.92. The company’s stock had a trading volume of 1,722,500 shares, compared to its average volume of 1,920,142. The company has a quick ratio of 0.76, a current ratio of 2.63 and a debt-to-equity ratio of 0.33. Signet Jewelers Limited has a 12-month low of $46.09 and a 12-month high of $99.19. The company has a market capitalization of $3,045.97, a P/E ratio of 7.71, a P/E/G ratio of 1.01 and a beta of 0.94.
Several analysts have issued reports on the company. Wells Fargo & Company lowered Signet Jewelers from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $75.00 to $60.00 in a research note on Tuesday, November 21st. Zacks Investment Research lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Buckingham Research upped their target price on Signet Jewelers from $55.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 14th. Needham & Company LLC upped their target price on Signet Jewelers from $69.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, September 20th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $66.00 target price on shares of Signet Jewelers in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $66.00.
Signet Jewelers 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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