Hsbc Holdings PLC Invests $255,000 in Signet Jewelers Limited (NYSE:SIG)

Hsbc Holdings PLC acquired a new stake in shares of Signet Jewelers Limited (NYSE:SIG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,153 shares of the company’s stock, valued at approximately $255,000.

Other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in shares of Signet Jewelers by 3.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,517 shares of the company’s stock valued at $526,000 after acquiring an additional 205 shares in the last quarter. Franklin Resources Inc. grew its position in Signet Jewelers by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 34,122 shares of the company’s stock valued at $3,330,000 after purchasing an additional 288 shares during the last quarter. Xponance Inc. increased its stake in Signet Jewelers by 12.2% during the 4th quarter. Xponance Inc. now owns 3,149 shares of the company’s stock valued at $254,000 after purchasing an additional 343 shares in the last quarter. Atria Investments Inc raised its holdings in Signet Jewelers by 14.5% in the fourth quarter. Atria Investments Inc now owns 2,815 shares of the company’s stock worth $227,000 after buying an additional 356 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Signet Jewelers by 32.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company’s stock worth $123,000 after buying an additional 410 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Cfra Research upgraded shares of Signet Jewelers to a “moderate buy” rating in a report on Thursday, March 20th. UBS Group boosted their price target on Signet Jewelers from $85.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Wells Fargo & Company dropped their price objective on Signet Jewelers from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. CL King initiated coverage on Signet Jewelers in a research report on Monday, May 5th. They issued a “buy” rating and a $80.00 target price for the company. Finally, Bank of America dropped their price target on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $78.00.

Insider Buying and Selling

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the transaction, the director now owns 22,752 shares of the company’s stock, valued at $1,231,565.76. This trade represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Helen Mccluskey acquired 1,700 shares of the stock in a transaction dated Friday, April 25th. The shares were bought at an average cost of $58.86 per share, for a total transaction of $100,062.00. Following the completion of the transaction, the director now owns 31,916 shares in the company, valued at approximately $1,878,575.76. This represents a 5.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.26% of the stock is owned by insiders.

Signet Jewelers Stock Down 0.6 %

SIG stock opened at $64.38 on Friday. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 7.41, a P/E/G ratio of 3.43 and a beta of 1.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. The business’s 50-day moving average is $56.20 and its two-hundred day moving average is $69.30. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $112.06.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, topping the consensus estimate of $6.39 by $0.23. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.73 EPS. As a group, analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.99%. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 25th. Signet Jewelers’s dividend payout ratio is -168.42%.

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.