Free Trial

Signet Jewelers Limited (NYSE:SIG) Shares Bought by Citigroup Inc.

Signet Jewelers logo with Retail/Wholesale background

Citigroup Inc. increased its holdings in Signet Jewelers Limited (NYSE:SIG - Free Report) by 72.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,758 shares of the company's stock after purchasing an additional 23,836 shares during the quarter. Citigroup Inc. owned 0.13% of Signet Jewelers worth $5,854,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. MidWestOne Financial Group Inc. grew its position in shares of Signet Jewelers by 63.3% in the second quarter. MidWestOne Financial Group Inc. now owns 16,974 shares of the company's stock valued at $1,521,000 after purchasing an additional 6,579 shares during the period. Cetera Advisors LLC purchased a new stake in Signet Jewelers during the 1st quarter worth approximately $1,093,000. Boston Partners acquired a new position in shares of Signet Jewelers during the first quarter valued at approximately $1,088,000. Vaughan Nelson Investment Management L.P. lifted its position in shares of Signet Jewelers by 16.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 527,145 shares of the company's stock valued at $47,221,000 after acquiring an additional 74,380 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new stake in shares of Signet Jewelers during the second quarter worth approximately $1,797,000.

Insider Transactions at Signet Jewelers

In other news, insider Joan M. Hilson sold 8,000 shares of the company's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total value of $756,560.00. Following the completion of the sale, the insider now directly owns 200,844 shares of the company's stock, valued at approximately $18,993,817.08. This represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eugenia Ulasewicz sold 3,333 shares of the firm's stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $99.63, for a total value of $332,066.79. Following the transaction, the director now directly owns 26,085 shares in the company, valued at approximately $2,598,848.55. This represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,957 shares of company stock worth $4,599,306. Corporate insiders own 3.26% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on SIG shares. Bank of America lowered their target price on shares of Signet Jewelers from $108.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, September 13th. UBS Group dropped their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a "buy" rating for the company in a research note on Wednesday, September 11th. StockNews.com upgraded Signet Jewelers from a "hold" rating to a "buy" rating in a research report on Thursday. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $87.00 target price on shares of Signet Jewelers in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company boosted their price target on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $109.60.

Get Our Latest Analysis on Signet Jewelers

Signet Jewelers Stock Down 0.7 %

NYSE:SIG traded down $0.75 during trading hours on Monday, reaching $99.45. 1,666,911 shares of the stock were exchanged, compared to its average volume of 812,121. Signet Jewelers Limited has a twelve month low of $72.26 and a twelve month high of $112.06. The business has a 50-day moving average of $97.33 and a two-hundred day moving average of $91.59. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.14 and a beta of 2.12.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.11. The firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The business's quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.55 earnings per share. On average, research analysts forecast that Signet Jewelers Limited will post 10.8 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 1.17%. Signet Jewelers's dividend payout ratio is presently 13.43%.

About Signet Jewelers

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

Should you invest $1,000 in Signet Jewelers right now?

Before you consider Signet Jewelers, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Signet Jewelers wasn't on the list.

While Signet Jewelers currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Home Depot: Reliable Dividends for Income Investors

Home Depot: Reliable Dividends for Income Investors

Home Depot has consistently delivered strong dividend growth, with an impressive 11.69% average annual dividend increase over the last three years.

Related Videos

Hershey’s Dividend Growth: A Sweet Pick for Investors
Inflation-Busting Dividends: 3 Stocks Raising Payouts 4X Faster

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines