State of New Jersey Common Pension Fund D Boosts Holdings in Signet Jewelers Limited (NYSE:SIG)

State of New Jersey Common Pension Fund D increased its holdings in Signet Jewelers Limited (NYSE:SIG - Free Report) by 33.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,096 shares of the company's stock after purchasing an additional 6,079 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.05% of Signet Jewelers worth $2,485,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Signet Jewelers in the third quarter worth $25,000. Brown Brothers Harriman & Co. bought a new stake in Signet Jewelers during the second quarter valued at $51,000. Hexagon Capital Partners LLC boosted its position 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 acquiring an additional 175 shares during the last quarter. Blue Trust Inc. boosted its position in Signet Jewelers by 15.3% during the second quarter. Blue Trust Inc. now owns 917 shares of the company's stock valued at $82,000 after acquiring an additional 122 shares during the last quarter. Finally, CWM LLC boosted its position in Signet Jewelers by 177.3% during the third quarter. CWM LLC now owns 1,148 shares of the company's stock valued at $118,000 after acquiring an additional 734 shares during the last quarter.

Insiders Place Their Bets

In other Signet Jewelers news, CEO Virginia Drosos sold 600 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $101.25, for a total value of $60,750.00. Following the completion of the sale, the chief executive officer now directly owns 728,220 shares of the company's stock, valued at approximately $73,732,275. This represents a 0.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joan M. Hilson sold 8,000 shares of the company's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $94.57, for a total transaction of $756,560.00. Following the completion of the sale, the insider now directly owns 200,844 shares of the company's stock, valued at $18,993,817.08. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,957 shares of company stock valued at $5,239,306. Corporate insiders own 3.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SIG. StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Thursday. Wells Fargo & Company upped 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. Telsey Advisory Group reiterated a "market perform" rating and set a $87.00 price objective on shares of Signet Jewelers in a report on Wednesday, October 2nd. UBS Group dropped their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a "buy" rating on the stock in a report on Wednesday, September 11th. Finally, Bank of America dropped their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $109.60.

Signet Jewelers Trading Down 0.3 %

Shares of SIG traded down $0.26 on Thursday, reaching $97.66. The company's stock had a trading volume of 662,122 shares, compared to its average volume of 811,236. Signet Jewelers Limited has a twelve month low of $72.26 and a twelve month high of $112.06. The stock has a market capitalization of $4.30 billion, a PE ratio of 11.33, a PEG ratio of 1.12 and a beta of 2.12. The firm has a fifty day moving average of $94.20 and a 200-day moving average of $91.52.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its earnings results on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.50 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The firm's revenue was down 7.6% compared to the same quarter last year. As a group, equities analysts anticipate that Signet Jewelers Limited will post 10.8 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

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

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.