Signet Jewelers Limited (NYSE:SIG) Shares Bought by US Bancorp DE

US Bancorp DE grew its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 54.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,181 shares of the company's stock after purchasing an additional 10,583 shares during the period. US Bancorp DE owned approximately 0.07% of Signet Jewelers worth $1,752,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SIG. Allworth Financial LP increased its holdings in shares of Signet Jewelers by 946.8% during the first quarter. Allworth Financial LP now owns 492 shares of the company's stock valued at $29,000 after purchasing an additional 445 shares during the period. Versant Capital Management Inc grew its holdings 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 acquiring an additional 223 shares during the period. Byrne Asset Management LLC acquired a new position in Signet Jewelers during the first quarter worth about $45,000. Signaturefd LLC grew its holdings 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 acquiring an additional 599 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in Signet Jewelers by 832.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,362 shares of the company's stock worth $110,000 after acquiring an additional 1,216 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Bank of America lifted their target price on Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. UBS Group lifted their target price on Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Jefferies Financial Group initiated coverage on Signet Jewelers in a report on Monday, June 16th. They set a "buy" rating and a $102.00 target price on the stock. Wall Street Zen upgraded Signet Jewelers from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Citigroup lifted their price target on Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $88.86.

Signet Jewelers Trading Up 0.1%

Shares of SIG opened at $75.23 on Friday. The business's 50-day moving average price is $79.70 and its 200 day moving average price is $64.98. The stock has a market capitalization of $3.10 billion, a P/E ratio of 81.77, a P/E/G ratio of 0.68 and a beta of 1.40. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $106.28.

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

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, July 25th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, July 25th. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. Signet Jewelers's dividend payout ratio (DPR) is presently 139.13%.

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.

Want to see what other hedge funds are holding SIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Signet Jewelers Limited (NYSE:SIG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.