BB&T Corp decreased its position in shares of Signet Jewelers Limited (NYSE:SIG) by 19.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,148 shares of the company’s stock after selling 1,682 shares during the quarter. BB&T Corp’s holdings in Signet Jewelers Limited were worth $476,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Bank of Australia grew its stake in shares of Signet Jewelers Limited by 5.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock worth $101,000 after purchasing an additional 85 shares during the period. Capstone Investment Advisors Netherlands B.V. acquired a new stake in shares of Signet Jewelers Limited during the 2nd quarter worth approximately $121,000. Tower Research Capital LLC TRC grew its stake in shares of Signet Jewelers Limited by 19.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock worth $128,000 after purchasing an additional 335 shares during the period. ING Groep NV acquired a new stake in shares of Signet Jewelers Limited during the 2nd quarter worth approximately $240,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Signet Jewelers Limited during the 2nd quarter worth approximately $329,000.
Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. Signet Jewelers Limited’s quarterly revenue was up 1.9% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 27th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio is presently 19.14%.
A number of equities research analysts have recently commented on SIG shares. Needham & Company LLC set a $69.00 price objective on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a research note on Friday, August 25th. Nomura set a $70.00 price objective on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Wells Fargo & Company set a $97.00 price objective on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $63.00 price objective on shares of Signet Jewelers Limited in a research note on Thursday, August 17th. Finally, Instinet reaffirmed a “buy” rating and set a $73.00 price objective (up previously from $70.00) on shares of Signet Jewelers Limited in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. Signet Jewelers Limited currently has an average rating of “Hold” and a consensus price target of $70.93.
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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.
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