Commerzbank Aktiengesellschaft FI increased its stake in shares of Signet Jewelers Ltd. (NYSE:SIG) by 84.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,224 shares of the company’s stock after acquiring an additional 31,213 shares during the quarter. Commerzbank Aktiengesellschaft FI owned about 0.13% of Signet Jewelers worth $1,143,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC purchased a new stake in Signet Jewelers in the 3rd quarter worth $725,000. State of Alaska Department of Revenue acquired a new stake in Signet Jewelers during the 3rd quarter worth $670,000. Atria Investments LLC acquired a new stake in Signet Jewelers during the 2nd quarter worth $71,822,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Signet Jewelers by 105.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,951 shares of the company’s stock worth $35,000 after purchasing an additional 1,000 shares during the last quarter. Finally, United Services Automobile Association boosted its stake in Signet Jewelers by 21.0% during the 2nd quarter. United Services Automobile Association now owns 15,196 shares of the company’s stock worth $272,000 after purchasing an additional 2,642 shares during the last quarter.
Shares of SIG stock traded down $0.07 during trading hours on Wednesday, reaching $16.72. 1,269,500 shares of the stock were exchanged, compared to its average volume of 2,197,693. The firm has a market capitalization of $879.59 million, a P/E ratio of 4.49, a P/E/G ratio of 0.87 and a beta of 1.00. Signet Jewelers Ltd. has a 12-month low of $10.40 and a 12-month high of $58.33. The company has a debt-to-equity ratio of 1.95, a current ratio of 2.10 and a quick ratio of 0.37. The business’s fifty day moving average is $16.60 and its two-hundred day moving average is $17.40.
The company also recently disclosed a — dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a $0.37 dividend. This represents a dividend yield of 10.5%. The ex-dividend date is Thursday, October 31st. Signet Jewelers’s payout ratio is currently 39.78%.
In other Signet Jewelers news, CEO Virginia Drosos purchased 4,000 shares of the firm’s stock in a transaction 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 purchase, the chief executive officer now owns 232,181 shares in the company, valued at $3,283,039.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joan M. Hilson acquired 7,500 shares of Signet Jewelers stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $14.46 per share, for a total transaction of $108,450.00. Following the completion of the purchase, the chief financial officer now directly owns 33,127 shares in the company, valued at $479,016.42. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by corporate insiders.
Several research analysts have recently weighed in on the stock. Citigroup lowered their price target on shares of Signet Jewelers from $17.00 to $12.00 and set a “sell” rating on the stock in a research report on Friday, September 6th. Zacks Investment Research raised shares of Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 price target on the stock in a research report on Monday, August 12th. Bank of America decreased their target price on shares of Signet Jewelers from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Finally, ValuEngine cut shares of Signet Jewelers from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $24.29.
Signet Jewelers 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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