Kingsview Wealth Management LLC Invests $3.02 Million in Signet Jewelers Limited $SIG

Kingsview Wealth Management LLC purchased a new position in shares of Signet Jewelers Limited (NYSE:SIG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 36,386 shares of the company’s stock, valued at approximately $3,016,000.

Several other institutional investors have also modified their holdings of the stock. Hantz Financial Services Inc. raised its holdings in shares of Signet Jewelers by 1,539.4% during the 4th quarter. Hantz Financial Services Inc. now owns 3,164 shares of the company’s stock worth $262,000 after acquiring an additional 2,971 shares during the period. LSV Asset Management raised its holdings in shares of Signet Jewelers by 90.0% during the 4th quarter. LSV Asset Management now owns 1,077,851 shares of the company’s stock worth $89,332,000 after acquiring an additional 510,551 shares during the period. Global Retirement Partners LLC raised its holdings in shares of Signet Jewelers by 13,533.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,227 shares of the company’s stock worth $102,000 after acquiring an additional 1,218 shares during the period. ProShare Advisors LLC raised its holdings in shares of Signet Jewelers by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 7,804 shares of the company’s stock worth $647,000 after acquiring an additional 233 shares during the period. Finally, Abacus Wealth Partners LLC purchased a new position in shares of Signet Jewelers during the 4th quarter worth $288,000.

Wall Street Analysts Forecast Growth

SIG has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Signet Jewelers in a report on Monday, March 9th. Zacks Research lowered shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Stephens restated an “overweight” rating and issued a $130.00 price objective on shares of Signet Jewelers in a report on Friday. Wall Street Zen lowered shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Royal Bank Of Canada upgraded shares of Signet Jewelers to a “hold” rating in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.88.

Signet Jewelers Trading Up 0.5%

Shares of SIG opened at $87.40 on Friday. The firm has a market cap of $3.50 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. Signet Jewelers Limited has a 12-month low of $65.20 and a 12-month high of $110.20. The company’s 50-day moving average price is $86.51 and its 200 day moving average price is $89.76.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, March 19th. The company reported $6.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.11 by $0.14. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a net margin of 4.32% and a return on equity of 22.22%. Signet Jewelers’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.62 EPS. Equities research analysts forecast that Signet Jewelers Limited will post 10.3 earnings per share for the current year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, April 24th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.40 annualized dividend and a yield of 1.6%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.32. Signet Jewelers’s dividend payout ratio is presently 17.95%.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.