Nuveen Asset Management LLC reduced its stake in shares of Signet Jewelers Ltd. (NYSE:SIG) by 9.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,347 shares of the company’s stock after selling 24,692 shares during the period. Nuveen Asset Management LLC owned 0.30% of Signet Jewelers worth $29,686,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Signet Jewelers by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 6,655,338 shares of the company’s stock valued at $823,199,000 after buying an additional 138,850 shares during the period. Select Equity Group L.P. raised its position in shares of Signet Jewelers by 64.3% in the fourth quarter. Select Equity Group L.P. now owns 5,983,096 shares of the company’s stock valued at $740,049,000 after buying an additional 2,342,088 shares during the period. Corvex Management LP raised its position in shares of Signet Jewelers by 11.4% in the fourth quarter. Corvex Management LP now owns 5,629,153 shares of the company’s stock valued at $696,270,000 after buying an additional 577,083 shares during the period. Wellington Management Group LLP raised its position in shares of Signet Jewelers by 19.4% in the first quarter. Wellington Management Group LLP now owns 3,565,363 shares of the company’s stock valued at $442,212,000 after buying an additional 580,532 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Signet Jewelers by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,049,603 shares of the company’s stock valued at $254,212,000 after buying an additional 54,523 shares during the period.
Signet Jewelers Ltd. (NYSE:SIG) traded up 2.43% during mid-day trading on Monday, hitting $86.28. 556,702 shares of the stock were exchanged. The stock has a 50 day moving average price of $89.04 and a 200 day moving average price of $107.35. The company has a market capitalization of $6.73 billion and a PE ratio of 13.79. Signet Jewelers Ltd. has a 1-year low of $77.00 and a 1-year high of $152.27.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, May 26th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.01. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.61 billion. The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 EPS. On average, equities analysts anticipate that Signet Jewelers Ltd. will post $8.27 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, July 29th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, July 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.23%.
SIG has been the topic of several recent research reports. Cowen and Company reaffirmed an “outperform” rating on shares of Signet Jewelers in a research note on Monday, March 28th. Telsey Advisory Group reissued a “buy” rating on shares of Signet Jewelers in a research note on Sunday, May 29th. Nomura Holdings Inc. reduced their price objective on shares of Signet Jewelers from $169.00 to $148.00 and set a “buy” rating on the stock in a research note on Tuesday, May 31st. Wells Fargo & Co. reissued an “outperform” rating and set a $144.00 price objective on shares of Signet Jewelers in a research note on Thursday, May 26th. Finally, Citigroup Inc. reduced their price objective on shares of Signet Jewelers from $145.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, May 27th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $135.85.
In other news, COO Edward Hrabak acquired 400 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were bought at an average cost of $88.25 per share, with a total value of $35,300.00. Following the acquisition, the chief operating officer now owns 15,363 shares in the company, valued at approximately $1,355,784.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Virginia Drosos acquired 1,135 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The shares were purchased at an average cost of $88.23 per share, for a total transaction of $100,141.05. Following the completion of the acquisition, the director now owns 7,221 shares in the company, valued at approximately $637,108.83. The disclosure for this purchase can be found here.
Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.