Hotchkis & Wiley Capital Management LLC Has $11.28 Million Position in Signet Jewelers Limited (NYSE:SIG)

Hotchkis & Wiley Capital Management LLC boosted its holdings in Signet Jewelers Limited (NYSE:SIG - Free Report) by 17.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 109,380 shares of the company's stock after buying an additional 16,090 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.25% of Signet Jewelers worth $11,281,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Signet Jewelers during the third quarter worth approximately $25,000. Brown Brothers Harriman & Co. acquired a new position in Signet Jewelers in the second quarter worth $51,000. Hexagon Capital Partners LLC boosted its holdings in Signet Jewelers by 33.4% in the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company's stock worth $63,000 after purchasing an additional 175 shares during the period. Erste Asset Management GmbH acquired a new position in Signet Jewelers in the third quarter worth $77,000. Finally, Blue Trust Inc. boosted its holdings in Signet Jewelers by 15.3% in the second quarter. Blue Trust Inc. now owns 917 shares of the company's stock worth $82,000 after purchasing an additional 122 shares during the period.

Analysts Set New Price Targets

SIG has been the subject of a number of research reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $87.00 price objective on shares of Signet Jewelers in a report on Wednesday, November 27th. StockNews.com raised shares of Signet Jewelers from a "hold" rating to a "buy" rating in a report on Thursday, November 28th. Wells Fargo & Company lifted their price objective on shares of Signet Jewelers from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. UBS Group decreased their price objective 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, Bank of America cut their target price on Signet Jewelers from $108.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Signet Jewelers has an average rating of "Moderate Buy" and an average price target of $109.60.

Insider Buying and Selling

In other news, 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 value of $353,303.25. Following the completion of the sale, the chief executive officer now directly owns 775,345 shares of the company's stock, valued at approximately $78,829,326.15. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $2,192,949.00. Following the completion of the sale, the insider now directly owns 68,343 shares of the company's stock, 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. Over the last quarter, insiders have sold 46,957 shares of company stock worth $4,599,306. Insiders own 3.26% of the company's stock.

Signet Jewelers Price Performance

NYSE SIG traded up $0.42 on Wednesday, hitting $98.73. 1,647,066 shares of the company were exchanged, compared to its average volume of 817,619. The company's 50 day moving average price is $97.34 and its 200-day moving average price is $91.57. The firm has a market capitalization of $4.35 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 Limited has a twelve month low of $72.26 and a twelve month high of $112.06.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.11. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The business's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 EPS. As a group, equities analysts expect that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were issued a $0.29 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.17%. Signet Jewelers's dividend payout ratio is currently 13.43%.

Signet Jewelers 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.