21,479 Shares in Signet Jewelers Limited (NYSE:SIG) Purchased by NFJ Investment Group LLC

NFJ Investment Group LLC bought a new position in Signet Jewelers Limited (NYSE:SIG - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 21,479 shares of the company's stock, valued at approximately $2,215,000.

Several other large investors have also recently modified their holdings of the business. Hotchkis & Wiley Capital Management LLC grew its stake in Signet Jewelers by 17.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 109,380 shares of the company's stock valued at $11,281,000 after acquiring an additional 16,090 shares in the last quarter. HighTower Advisors LLC purchased a new position in Signet Jewelers during the third quarter valued at approximately $225,000. Centiva Capital LP grew its stake in Signet Jewelers by 71.6% during the third quarter. Centiva Capital LP now owns 16,217 shares of the company's stock valued at $1,673,000 after acquiring an additional 6,766 shares in the last quarter. Erste Asset Management GmbH purchased a new position in Signet Jewelers during the third quarter valued at approximately $77,000. Finally, Maverick Capital Ltd. purchased a new position in Signet Jewelers during the third quarter valued at approximately $334,000.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. UBS Group reduced 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. Telsey Advisory Group reiterated a "market perform" rating and set a $87.00 target price on shares of Signet Jewelers in a research report on Wednesday, November 27th. Wells Fargo & Company lifted their target price 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. 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. Finally, StockNews.com upgraded shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research report on Thursday, November 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Signet Jewelers presently has a consensus rating of "Moderate Buy" and an average target price of $109.60.

Signet Jewelers Stock Performance

Shares of NYSE SIG traded down $0.21 during mid-day trading on Wednesday, hitting $98.10. The stock had a trading volume of 1,065,358 shares, compared to its average volume of 814,786. Signet Jewelers Limited has a 1 year low of $72.26 and a 1 year high of $112.06. The business has a 50 day moving average price of $97.34 and a two-hundred day moving average price of $91.57. The firm has a market cap of $4.32 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 1.13 and a beta of 2.10.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.14 by $0.11. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. The firm's revenue for the quarter was down 7.6% on a year-over-year basis. Equities research analysts predict 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 given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, October 25th. Signet Jewelers's payout ratio is currently 13.43%.

Insider Buying and Selling 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 sale, the insider now directly owns 200,844 shares of the company's stock, valued at $18,993,817.08. This represents a 3.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Virginia Drosos sold 3,475 shares of the company's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $101.67, for a total transaction of $353,303.25. Following the completion of the sale, the chief executive officer now directly owns 775,345 shares in the company, valued at $78,829,326.15. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,957 shares of company stock valued at $4,599,306. 3.26% of the stock is currently owned by company insiders.

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.