US Bancorp DE Acquires 10,583 Shares of Signet Jewelers Limited (NYSE:SIG)

Key Points

• US Bancorp DE has increased its stake in Signet Jewelers by 54%, owning 30,181 shares valued at approximately $1.75 million after acquiring an additional 10,583 shares in the first quarter.
• Analysts are optimistic about Signet Jewelers, with average target prices reaching $88.86 and multiple firms upgrading their ratings, indicating a consensus of "Moderate Buy."
• Signet Jewelers recently reported earnings of $1.18 per share, surpassing expectations, and announced a quarterly dividend of $0.32 to be paid on August 22nd.

US Bancorp DE boosted its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 54.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,181 shares of the company's stock after purchasing an additional 10,583 shares during the quarter. US Bancorp DE owned 0.07% of Signet Jewelers worth $1,752,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Bayforest Capital Ltd acquired a new position in Signet Jewelers during the first quarter valued at approximately $1,095,000. XTX Topco Ltd grew its holdings in Signet Jewelers by 660.0% during the first quarter. XTX Topco Ltd now owns 40,259 shares of the company's stock valued at $2,337,000 after purchasing an additional 34,962 shares during the period. Cetera Investment Advisers grew its holdings in Signet Jewelers by 3.7% during the first quarter. Cetera Investment Advisers now owns 11,182 shares of the company's stock valued at $649,000 after purchasing an additional 403 shares during the period. Royce & Associates LP grew its holdings in Signet Jewelers by 12.5% during the first quarter. Royce & Associates LP now owns 227,535 shares of the company's stock valued at $13,211,000 after purchasing an additional 25,255 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in Signet Jewelers by 4.2% during the first quarter. Allianz Asset Management GmbH now owns 28,579 shares of the company's stock valued at $1,659,000 after purchasing an additional 1,145 shares during the period.

Signet Jewelers Price Performance

Shares of Signet Jewelers stock traded up $3.61 on Tuesday, hitting $79.94. The company had a trading volume of 94,439 shares, compared to its average volume of 1,366,011. The firm has a market capitalization of $3.29 billion, a P/E ratio of 86.88, a P/E/G ratio of 0.67 and a beta of 1.40. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $106.28. The stock has a 50-day moving average of $80.03 and a 200-day moving average of $65.28.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.17. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 earnings per share. Equities analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, July 25th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, July 25th. Signet Jewelers's payout ratio is currently 139.13%.

Analyst Upgrades and Downgrades

SIG has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Signet Jewelers from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Wells Fargo & Company boosted their price objective on shares of Signet Jewelers from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Telsey Advisory Group upped their price target on shares of Signet Jewelers from $80.00 to $92.00 and gave the company a "market perform" rating in a report on Friday, July 25th. CL King initiated coverage on shares of Signet Jewelers in a report on Monday, May 5th. They issued a "buy" rating and a $80.00 price target for the company. Finally, Bank of America upped their price target on shares of Signet Jewelers from $65.00 to $78.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $88.86.

Signet Jewelers Company 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.