Geode Capital Management LLC Has $103.61 Million Stock Position in Signet Jewelers Limited (NYSE:SIG)

Geode Capital Management LLC decreased its position in Signet Jewelers Limited (NYSE:SIG - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,004,361 shares of the company's stock after selling 13,211 shares during the period. Geode Capital Management LLC owned about 2.28% of Signet Jewelers worth $103,610,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. MidWestOne Financial Group Inc. lifted its holdings in shares of Signet Jewelers by 17.5% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 19,936 shares of the company's stock worth $2,056,000 after acquiring an additional 2,962 shares during the period. Vestcor Inc lifted its stake in Signet Jewelers by 133.4% during the third quarter. Vestcor Inc now owns 11,721 shares of the company's stock worth $1,209,000 after purchasing an additional 6,700 shares during the period. XTX Topco Ltd acquired a new stake in Signet Jewelers during the third quarter valued at approximately $710,000. DF Dent & Co. Inc. bought a new stake in shares of Signet Jewelers in the 3rd quarter valued at approximately $1,547,000. Finally, State Street Corp grew its stake in shares of Signet Jewelers by 1.0% in the 3rd quarter. State Street Corp now owns 1,756,075 shares of the company's stock valued at $181,122,000 after purchasing an additional 16,912 shares during the period.

Insider Activity

In other news, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $99.63, for a total transaction of $332,066.79. Following the completion of the sale, the director now owns 26,085 shares in the company, valued at $2,598,848.55. The trade was a 11.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rebecca Wooters sold 22,151 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the completion of the transaction, the insider now owns 68,343 shares in the company, valued at $6,765,957. This represents a 24.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,194 shares of company stock valued at $4,251,906. Company insiders own 3.26% of the company's stock.

Signet Jewelers Price Performance

Shares of Signet Jewelers stock traded up $0.06 during trading on Thursday, reaching $79.48. The company's stock had a trading volume of 973,800 shares, compared to its average volume of 845,339. Signet Jewelers Limited has a one year low of $72.26 and a one year high of $112.06. The stock has a 50-day moving average price of $94.65 and a two-hundred day moving average price of $90.38. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $3.46 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 1.04 and a beta of 2.10.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its earnings results 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). Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm posted $0.24 earnings per share. The company's revenue was down 3.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Signet Jewelers Limited will post 9.88 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 24th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.16 dividend on an annualized basis and a yield of 1.46%. Signet Jewelers's payout ratio is 13.35%.

Analyst Ratings Changes

Several analysts recently commented on SIG shares. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $87.00 price target on shares of Signet Jewelers in a research note on Thursday, December 5th. StockNews.com downgraded shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Bank of America dropped their target price on shares of Signet Jewelers from $108.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, September 13th. UBS Group cut their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a "buy" rating for the company in a report on Wednesday, September 11th. Finally, Wells Fargo & Company upped their price objective on shares of Signet Jewelers from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $109.60.

About Signet Jewelers

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.