State Street Corp Has $181.12 Million Stock Position in Signet Jewelers Limited (NYSE:SIG)

State Street Corp grew its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,756,075 shares of the company's stock after purchasing an additional 16,912 shares during the quarter. State Street Corp owned 3.99% of Signet Jewelers worth $181,122,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. NFJ Investment Group LLC bought a new stake in shares of Signet Jewelers during the 3rd quarter worth $2,215,000. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Signet Jewelers by 17.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 109,380 shares of the company's stock worth $11,281,000 after acquiring an additional 16,090 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Signet Jewelers during the 3rd quarter worth $225,000. Centiva Capital LP boosted its stake in shares of Signet Jewelers by 71.6% during the 3rd quarter. Centiva Capital LP now owns 16,217 shares of the company's stock worth $1,673,000 after acquiring an additional 6,766 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in shares of Signet Jewelers in the third quarter worth $77,000.

Insider Buying and Selling

In related news, CEO Virginia Drosos sold 3,475 shares of the company's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total value of $353,303.25. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rebecca Wooters sold 22,151 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the transaction, the insider now owns 68,343 shares of the company's stock, valued at approximately $6,765,957. This represents a 24.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,957 shares of company stock worth $4,599,306 in the last quarter. Insiders own 3.26% of the company's stock.

Signet Jewelers Price Performance

Shares of SIG traded down $1.72 on Friday, hitting $83.36. The company's stock had a trading volume of 252,375 shares, compared to its average volume of 840,553. The company has a market capitalization of $3.67 billion, a PE ratio of 9.79, a PEG ratio of 1.05 and a beta of 2.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. Signet Jewelers Limited has a fifty-two week low of $72.26 and a fifty-two week high of $112.06. The company has a 50 day moving average price of $95.96 and a 200 day moving average price of $91.12.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm's revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. On average, research analysts anticipate that Signet Jewelers Limited will post 9.88 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.39%. The ex-dividend date is Friday, January 24th. Signet Jewelers's dividend payout ratio (DPR) is presently 13.35%.

Analysts Set New Price Targets

SIG has been the topic of a number of recent analyst reports. StockNews.com lowered Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. UBS Group lowered their price target on 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 lowered their price target 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. Telsey Advisory Group restated a "market perform" rating and set a $87.00 price target on shares of Signet Jewelers in a research note on Thursday, December 5th. Finally, Wells Fargo & Company boosted their price target on Signet Jewelers from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Three equities research 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 stock presently has an average rating of "Moderate Buy" and a consensus 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.