Yousif Capital Management LLC Sells 556 Shares of Signet Jewelers Limited (NYSE:SIG)

Yousif Capital Management LLC lowered its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 3.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,746 shares of the company’s stock after selling 556 shares during the period. Yousif Capital Management LLC’s holdings in Signet Jewelers were worth $1,352,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rockefeller Capital Management L.P. boosted its position in Signet Jewelers by 54.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 218,096 shares of the company’s stock valued at $22,494,000 after buying an additional 76,597 shares during the period. Nordea Investment Management AB boosted its position in Signet Jewelers by 36.3% during the 4th quarter. Nordea Investment Management AB now owns 132,070 shares of the company’s stock valued at $10,704,000 after buying an additional 35,174 shares during the period. CX Institutional purchased a new stake in shares of Signet Jewelers in the 3rd quarter worth about $3,264,000. Charles Schwab Investment Management Inc. lifted its position in shares of Signet Jewelers by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 669,896 shares of the company’s stock worth $69,093,000 after purchasing an additional 30,820 shares during the period. Finally, Blueshift Asset Management LLC purchased a new stake in shares of Signet Jewelers in the 3rd quarter worth about $2,853,000.

Wall Street Analyst Weigh In

SIG has been the subject of several research analyst reports. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Bank of America dropped their target price on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Telsey Advisory Group dropped their target price on shares of Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company lowered their price target on shares of Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.20.

Signet Jewelers Stock Down 0.8 %

NYSE:SIG opened at $54.46 on Thursday. The firm has a market cap of $2.37 billion, a P/E ratio of 6.27, a P/E/G ratio of 3.47 and a beta of 2.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. Signet Jewelers Limited has a fifty-two week low of $52.09 and a fifty-two week high of $112.06. The firm has a 50-day simple moving average of $70.66 and a two-hundred day simple moving average of $83.56.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.37 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. Analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 24th will be paid a $0.29 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.13%. Signet Jewelers’s dividend payout ratio is presently 13.35%.

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.