LSV Asset Management Cuts Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

LSV Asset Management cut its position in Signet Jewelers Limited (NYSE:SIG - Free Report) by 16.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,800 shares of the company's stock after selling 22,200 shares during the period. LSV Asset Management owned 0.25% of Signet Jewelers worth $11,088,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Signet Jewelers during the 4th quarter valued at about $52,976,000. Pacer Advisors Inc. boosted its stake in Signet Jewelers by 38.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,262,773 shares of the company's stock valued at $135,445,000 after purchasing an additional 349,771 shares during the last quarter. Eminence Capital LP boosted its stake in Signet Jewelers by 33.1% during the 4th quarter. Eminence Capital LP now owns 759,439 shares of the company's stock valued at $81,457,000 after purchasing an additional 189,019 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Signet Jewelers by 42.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 394,365 shares of the company's stock valued at $42,300,000 after purchasing an additional 118,275 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Signet Jewelers by 9.2% during the 3rd quarter. American Century Companies Inc. now owns 615,867 shares of the company's stock valued at $44,225,000 after purchasing an additional 52,104 shares during the last quarter.

Signet Jewelers Price Performance

Shares of NYSE SIG traded down $1.84 during midday trading on Friday, reaching $88.09. The company's stock had a trading volume of 874,963 shares, compared to its average volume of 896,543. The stock has a market capitalization of $3.93 billion, a P/E ratio of 7.16, a PEG ratio of 0.97 and a beta of 2.16. The firm has a 50 day moving average price of $96.40 and a 200-day moving average price of $98.78. Signet Jewelers Limited has a 12-month low of $65.12 and a 12-month high of $112.06.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings results on Thursday, June 13th. The company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.29. The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.52 billion. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. Signet Jewelers's revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 EPS. On average, equities analysts predict that Signet Jewelers Limited will post 10.6 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.32%. Signet Jewelers's dividend payout ratio (DPR) is presently 9.43%.

Insider Buying and Selling

In related news, CAO Vincent Ciccolini sold 4,000 shares of Signet Jewelers stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $101.64, for a total value of $406,560.00. Following the sale, the chief accounting officer now owns 46,076 shares of the company's stock, valued at approximately $4,683,164.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Signet Jewelers news, CAO Vincent Ciccolini sold 4,000 shares of the business's stock in a transaction on Friday, April 26th. The shares were sold at an average price of $101.64, for a total transaction of $406,560.00. Following the sale, the chief accounting officer now owns 46,076 shares of the company's stock, valued at approximately $4,683,164.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eugenia Ulasewicz sold 3,334 shares of the business's stock in a transaction on Friday, July 5th. The shares were sold at an average price of $87.94, for a total transaction of $293,191.96. Following the sale, the director now directly owns 29,418 shares in the company, valued at approximately $2,587,018.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,334 shares of company stock valued at $2,706,152. 3.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SIG shares. UBS Group lifted their price target on Signet Jewelers from $128.00 to $152.00 and gave the company a "buy" rating in a research note on Thursday, April 4th. Wells Fargo & Company lifted their price target on Signet Jewelers from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Monday, June 3rd. Citigroup restated a "buy" rating and issued a $119.00 target price on shares of Signet Jewelers in a research note on Friday, June 14th. StockNews.com downgraded Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Saturday, April 27th. Finally, Bank of America cut their target price on Signet Jewelers from $110.00 to $100.00 and set a "neutral" rating on the stock in a research note on Thursday, March 21st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.20.

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.