Royce & Associates LP Acquires 10,750 Shares of Signet Jewelers Limited (NYSE:SIG)

Royce & Associates LP grew its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 5.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 192,721 shares of the company's stock after purchasing an additional 10,750 shares during the period. Royce & Associates LP owned 0.44% of Signet Jewelers worth $19,877,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in Signet Jewelers during the 3rd quarter worth $25,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Signet Jewelers in the 2nd quarter worth about $51,000. Hexagon Capital Partners LLC increased its holdings in shares of Signet Jewelers by 33.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company's stock worth $63,000 after acquiring an additional 175 shares during the period. Blue Trust Inc. lifted its position in Signet Jewelers by 15.3% in the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company's stock valued at $82,000 after purchasing an additional 122 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Signet Jewelers by 177.3% in the third quarter. CWM LLC now owns 1,148 shares of the company's stock valued at $118,000 after purchasing an additional 734 shares during the period.

Signet Jewelers Stock Performance

SIG traded down $0.50 during trading on Friday, reaching $97.16. The company had a trading volume of 652,867 shares, compared to its average volume of 810,522. The firm's 50-day simple moving average is $95.01 and its 200 day simple moving average is $91.53. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.11 and a beta of 2.12. Signet Jewelers Limited has a 12-month low of $72.26 and a 12-month high of $112.06.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Thursday, September 12th. The company reported $1.25 earnings per share 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 business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm posted $1.55 earnings per share. The firm's quarterly revenue was down 7.6% compared to the same quarter last year. On average, sell-side analysts expect that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.19%. Signet Jewelers's dividend payout ratio is 13.43%.

Insider Activity at Signet Jewelers

In related news, insider Joan M. Hilson sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total transaction of $756,560.00. Following the transaction, the insider now directly owns 200,844 shares of the company's stock, valued at approximately $18,993,817.08. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Virginia Drosos sold 3,475 shares of the stock in a transaction that occurred on 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 owns 775,345 shares of the company's stock, valued at approximately $78,829,326.15. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,957 shares of company stock valued at $5,239,306. Company insiders own 3.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SIG shares. Wells Fargo & Company increased their price target on Signet Jewelers from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Telsey Advisory Group reiterated a "market perform" rating and issued a $87.00 price objective on shares of Signet Jewelers in a report on Wednesday, October 2nd. UBS Group cut their target price on Signet Jewelers from $145.00 to $132.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. StockNews.com cut Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Bank of America decreased their target price on Signet Jewelers from $108.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, September 13th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $109.60.

Signet Jewelers Company Profile

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.