QS Investors LLC boosted its stake in Signet Jewelers Ltd. (NYSE:SIG) by 25.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,550 shares of the company’s stock after acquiring an additional 22,000 shares during the period. QS Investors LLC owned 0.21% of Signet Jewelers worth $3,449,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Sapience Investments LLC raised its position in shares of Signet Jewelers by 60.8% in the 4th quarter. Sapience Investments LLC now owns 348,045 shares of the company’s stock worth $11,057,000 after purchasing an additional 131,660 shares during the last quarter. Ibex Investors LLC increased its holdings in Signet Jewelers by 30.2% in the 4th quarter. Ibex Investors LLC now owns 26,604 shares of the company’s stock worth $816,000 after buying an additional 6,168 shares in the last quarter. United Services Automobile Association increased its holdings in Signet Jewelers by 19.1% in the 4th quarter. United Services Automobile Association now owns 10,810 shares of the company’s stock worth $343,000 after buying an additional 1,735 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Signet Jewelers by 10.2% in the 4th quarter. Hsbc Holdings PLC now owns 24,558 shares of the company’s stock worth $780,000 after buying an additional 2,263 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Signet Jewelers by 1.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 488,771 shares of the company’s stock worth $15,528,000 after buying an additional 6,258 shares in the last quarter.
Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Signet Jewelers from a “hold” rating to a “strong sell” rating in a report on Saturday, January 26th. Nomura reduced their price objective on Signet Jewelers to $26.00 and set a “neutral” rating for the company in a report on Friday, January 18th. Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 price objective (down from $40.00) on shares of Signet Jewelers in a report on Friday, January 18th. Citigroup downgraded Signet Jewelers from a “neutral” rating to a “sell” rating and set a $24.76 price objective for the company. in a report on Friday, January 18th. Finally, Wells Fargo & Co reduced their price objective on Signet Jewelers from $42.00 to $38.00 and set a “market perform” rating for the company in a report on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.53.
The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 1st were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, January 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.46%. Signet Jewelers’s dividend payout ratio is currently 22.73%.
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Signet Jewelers Company Profile
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as JamesAllen.com, an online jewelry retailer Website.
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