Thrivent Financial for Lutherans Reduces Holdings in Signet Jewelers Limited (NYSE:SIG)

Thrivent Financial for Lutherans lessened its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 23.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,733 shares of the company's stock after selling 47,269 shares during the quarter. Thrivent Financial for Lutherans owned about 0.35% of Signet Jewelers worth $15,959,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SIG. Ritholtz Wealth Management lifted its position in Signet Jewelers by 4.9% during the 3rd quarter. Ritholtz Wealth Management now owns 2,459 shares of the company's stock worth $254,000 after acquiring an additional 115 shares during the period. Lazard Asset Management LLC increased its position in shares of Signet Jewelers by 6.8% in the first quarter. Lazard Asset Management LLC now owns 1,830 shares of the company's stock valued at $183,000 after buying an additional 116 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Signet Jewelers by 15.3% during the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company's stock worth $82,000 after buying an additional 122 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of Signet Jewelers by 1.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company's stock valued at $932,000 after buying an additional 144 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its holdings in 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 in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group dropped 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 report on Wednesday, September 11th. StockNews.com cut Signet Jewelers from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. 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 issued a $87.00 price objective on shares of Signet Jewelers in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company upped their target price 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.60.

Signet Jewelers Stock Performance

Shares of NYSE SIG traded up $0.48 during trading on Thursday, hitting $97.18. 50,892 shares of the company were exchanged, compared to its average volume of 805,209. The firm has a market capitalization of $4.28 billion, a PE ratio of 11.19, a P/E/G ratio of 1.07 and a beta of 2.12. The company has a fifty day moving average price of $96.13 and a 200-day moving average price of $91.48. 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 announced its quarterly earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.14 by $0.11. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The business 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 company posted $1.55 EPS. The company's quarterly revenue was down 7.6% on a year-over-year basis. Research analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 1.19%. Signet Jewelers's dividend payout ratio (DPR) is presently 13.43%.

Insider Activity

In other Signet Jewelers news, CEO Virginia Drosos sold 600 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $101.25, for a total value of $60,750.00. Following the sale, the chief executive officer now owns 728,220 shares of the company's stock, 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 Rebecca Wooters sold 22,151 shares of the business's stock in a transaction that occurred on 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 $6,765,957. This trade represents a 24.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,957 shares of company stock valued at $5,239,306. 3.26% of the stock is currently owned by corporate insiders.

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.