Murphy Pohlad Asset Management LLC Reduces Position in Signet Jewelers Limited (NYSE:SIG)

Murphy Pohlad Asset Management LLC lessened its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 26.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,877 shares of the company's stock after selling 7,448 shares during the quarter. Murphy Pohlad Asset Management LLC's holdings in Signet Jewelers were worth $1,685,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SIG. Harbor Capital Advisors Inc. purchased a new stake in Signet Jewelers during the 3rd quarter worth about $25,000. Erste Asset Management GmbH bought a new stake in shares of Signet Jewelers during the third quarter valued at about $77,000. CWM LLC lifted its holdings in shares of Signet Jewelers by 177.3% in the third quarter. CWM LLC now owns 1,148 shares of the company's stock worth $118,000 after buying an additional 734 shares in the last quarter. KBC Group NV boosted its position in shares of Signet Jewelers by 25.5% in the third quarter. KBC Group NV now owns 1,293 shares of the company's stock valued at $133,000 after acquiring an additional 263 shares during the period. Finally, Raymond James Trust N.A. purchased a new position in Signet Jewelers during the third quarter valued at approximately $207,000.

Wall Street Analyst Weigh In

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

Signet Jewelers Price Performance

NYSE SIG traded down $1.19 during trading hours on Monday, reaching $58.05. 1,156,424 shares of the stock traded hands, compared to its average volume of 1,984,854. The stock has a 50 day simple moving average of $77.88 and a two-hundred day simple moving average of $85.17. Signet Jewelers Limited has a 1 year low of $54.44 and a 1 year 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 company has a market cap of $2.52 billion, a price-to-earnings ratio of 6.68, a price-to-earnings-growth ratio of 3.83 and a beta of 2.11.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced 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 analysts' expectations of $1.37 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 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 earnings per share. On average, analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, January 24th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.00%. Signet Jewelers's dividend payout ratio (DPR) is 13.35%.

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.