Fmr LLC Has $96.19 Million Stake in Signet Jewelers Limited (NYSE:SIG)

FMR LLC decreased its position in Signet Jewelers Limited (NYSE:SIG - Free Report) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 932,622 shares of the company's stock after selling 7,419 shares during the period. FMR LLC owned about 2.12% of Signet Jewelers worth $96,191,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Signet Jewelers during the 3rd quarter valued at about $25,000. Brown Brothers Harriman & Co. bought a new position in Signet Jewelers during the second quarter worth about $51,000. Hexagon Capital Partners LLC boosted its holdings in Signet Jewelers by 33.4% during the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company's stock valued at $63,000 after purchasing an additional 175 shares in the last quarter. Blue Trust Inc. grew its stake in shares of 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 period. Finally, CWM LLC raised its holdings in shares of Signet Jewelers by 177.3% in the 3rd 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.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com raised Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. UBS Group reduced their target price on shares of Signet Jewelers from $145.00 to $132.00 and set a "buy" rating on the stock in a research note on Wednesday, September 11th. 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. Wells Fargo & Company boosted their price target 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. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $87.00 price objective on shares of Signet Jewelers in a report on Thursday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Signet Jewelers currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.60.

Signet Jewelers Trading Up 5.6 %

Shares of Signet Jewelers stock traded up $4.86 during trading on Friday, reaching $91.80. The company's stock had a trading volume of 2,128,567 shares, compared to its average volume of 839,435. Signet Jewelers Limited has a one year low of $72.26 and a one year high of $112.06. The stock has a 50-day moving average price of $97.08 and a two-hundred day moving average price of $91.59. The stock has a market capitalization of $4.04 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 1.11 and a beta of 2.10.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.05). Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. Signet Jewelers's revenue for the quarter was down 3.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Signet Jewelers Limited will post 10.8 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Friday, January 24th. Signet Jewelers's dividend payout ratio is 13.35%.

Insider Buying and Selling

In other news, CEO Virginia Drosos sold 600 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $101.25, for a total value of $60,750.00. Following the transaction, the chief executive officer now directly owns 728,220 shares in the company, valued at $73,732,275. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mary Elizabeth Finn sold 4,237 shares of the company's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $100.10, for a total value of $424,123.70. Following the completion of the sale, the insider now owns 38,821 shares of the company's stock, valued at $3,885,982.10. This represents a 9.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,957 shares of company stock worth $4,599,306 over the last three months. 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.