Public Sector Pension Investment Board Has $8.01 Million Position in Signet Jewelers Limited $SIG

Key Points

• The Public Sector Pension Investment Board increased its stake in Signet Jewelers by 25.7%, owning a total of 137,963 shares valued at $8.01 million by the end of Q1.
• Signet announced a quarterly dividend of $0.32 per share, which will be paid on August 22, reflecting an annualized yield of 1.6%.
• Despite a recent drop in stock price to $82.00, Signet Jewelers reported a 2% year-over-year increase in revenue for the latest quarter, outperforming analyst expectations.

Public Sector Pension Investment Board grew its position in Signet Jewelers Limited (NYSE:SIG - Free Report) by 25.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,963 shares of the company's stock after purchasing an additional 28,168 shares during the quarter. Public Sector Pension Investment Board owned about 0.32% of Signet Jewelers worth $8,010,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SIG. Allworth Financial LP grew its position in Signet Jewelers by 946.8% during the first quarter. Allworth Financial LP now owns 492 shares of the company's stock worth $29,000 after buying an additional 445 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Signet Jewelers during the first quarter worth approximately $36,000. Versant Capital Management Inc grew its position in Signet Jewelers by 40.5% during the first quarter. Versant Capital Management Inc now owns 773 shares of the company's stock worth $45,000 after buying an additional 223 shares in the last quarter. Byrne Asset Management LLC acquired a new stake in Signet Jewelers during the first quarter worth approximately $45,000. Finally, Signaturefd LLC grew its position in Signet Jewelers by 174.1% during the first quarter. Signaturefd LLC now owns 943 shares of the company's stock worth $55,000 after buying an additional 599 shares in the last quarter.

Signet Jewelers Stock Performance

Shares of SIG traded up $2.08 during trading hours on Monday, reaching $84.06. The stock had a trading volume of 442,201 shares, compared to its average volume of 1,349,096. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $106.28. The stock has a market capitalization of $3.46 billion, a PE ratio of 91.42, a PEG ratio of 0.74 and a beta of 1.40. The company's 50-day moving average is $80.54 and its two-hundred day moving average is $65.91.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.17. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. Signet Jewelers had a return on equity of 22.41% and a net margin of 0.63%. Signet Jewelers's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.11 EPS. Equities analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 25th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, July 25th. Signet Jewelers's dividend payout ratio is presently 139.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SIG shares. CL King started coverage on Signet Jewelers in a research note on Monday, May 5th. They set a "buy" rating and a $80.00 target price for the company. UBS Group upped their target price on Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wall Street Zen cut Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Saturday. Bank of America upped their target price on Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Finally, Citigroup upped their target price on Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $88.86.

Signet Jewelers Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.