Zurcher Kantonalbank Zurich Cantonalbank Buys 614 Shares of Signet Jewelers Limited (NYSE:SIG)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Signet Jewelers Limited (NYSE:SIG) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,168 shares of the company’s stock after purchasing an additional 614 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Signet Jewelers were worth $911,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hexagon Capital Partners LLC lifted its stake in shares of Signet Jewelers by 33.4% during the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock valued at $63,000 after acquiring an additional 175 shares during the period. Blue Trust Inc. raised its holdings in Signet Jewelers by 15.3% during the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after purchasing an additional 122 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Signet Jewelers by 55.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,532 shares of the company’s stock valued at $164,000 after purchasing an additional 544 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Signet Jewelers by 6.8% in the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after purchasing an additional 116 shares during the last quarter. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of Signet Jewelers during the 4th quarter worth approximately $216,000.

Signet Jewelers Stock Down 4.2 %

Shares of SIG stock opened at $80.55 on Wednesday. Signet Jewelers Limited has a 12-month low of $65.12 and a 12-month high of $112.06. The firm has a fifty day moving average of $82.66 and a 200-day moving average of $93.49. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 6.55, a price-to-earnings-growth ratio of 0.90 and a beta of 2.16.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Thursday, June 13th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Signet Jewelers had a return on equity of 32.51% and a net margin of 10.91%. The company’s revenue was down 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 earnings per share. Research analysts expect that Signet Jewelers Limited will post 10.6 earnings per share for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Friday, July 26th. Signet Jewelers’s dividend payout ratio (DPR) is presently 9.43%.

Insider Transactions at Signet Jewelers

In related news, insider Rebecca Wooters sold 3,000 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $90.34, for a total value of $271,020.00. Following the completion of the transaction, the insider now directly owns 90,494 shares of the company’s stock, valued at approximately $8,175,227.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Signet Jewelers news, insider Rebecca Wooters sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $90.34, for a total value of $271,020.00. Following the sale, the insider now owns 90,494 shares in the company, valued at approximately $8,175,227.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eugenia Ulasewicz sold 3,334 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $87.94, for a total transaction of $293,191.96. Following the transaction, the director now directly owns 29,418 shares of the company’s stock, valued at $2,587,018.92. The disclosure for this sale can be found here. Insiders sold 57,439 shares of company stock valued at $4,809,869 over the last quarter. Corporate insiders own 3.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, August 27th. Citigroup restated a “buy” rating and issued a $119.00 price target on shares of Signet Jewelers in a research report on Friday, June 14th. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Telsey Advisory Group restated a “market perform” rating and set a $105.00 target price on shares of Signet Jewelers in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.20.

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.