Grace & White Inc. NY Grows Stock Position in Signet Jewelers Limited (NYSE:SIG)

Grace & White Inc. NY lifted its position in Signet Jewelers Limited (NYSE:SIG) by 6.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 207,262 shares of the company’s stock after acquiring an additional 11,900 shares during the period. Signet Jewelers makes up 3.1% of Grace & White Inc. NY’s investment portfolio, making the stock its 8th largest position. Grace & White Inc. NY’s holdings in Signet Jewelers were worth $16,728,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in Signet Jewelers by 36.3% in the fourth quarter. Nordea Investment Management AB now owns 132,070 shares of the company’s stock worth $10,704,000 after purchasing an additional 35,174 shares during the period. Meritage Portfolio Management bought a new position in shares of Signet Jewelers in the 4th quarter worth about $648,000. Blueshift Asset Management LLC acquired a new position in shares of Signet Jewelers in the 3rd quarter valued at about $2,853,000. Versor Investments LP bought a new stake in shares of Signet Jewelers during the 3rd quarter valued at about $977,000. Finally, DF Dent & Co. Inc. acquired a new stake in Signet Jewelers during the third quarter worth about $1,547,000.

Analysts Set New Price Targets

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

Signet Jewelers Stock Performance

Shares of SIG stock opened at $54.46 on Thursday. Signet Jewelers Limited has a 12-month low of $52.09 and a 12-month high of $112.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 6.27, a price-to-earnings-growth ratio of 3.47 and a beta of 2.11. The business has a 50 day simple moving average of $70.66 and a 200 day simple moving average of $83.56.

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

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 24th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.16 annualized dividend and a yield of 2.13%. Signet Jewelers’s payout ratio is 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.