Van ECK Associates Corp Has $2.90 Million Holdings in Signet Jewelers Limited (NYSE:SIG)

Van ECK Associates Corp raised its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 40.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,081 shares of the company's stock after buying an additional 8,024 shares during the quarter. Van ECK Associates Corp owned 0.06% of Signet Jewelers worth $2,896,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SIG. Harbor Capital Advisors Inc. acquired a new position in shares of Signet Jewelers in the third quarter worth $25,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Signet Jewelers during the 2nd quarter valued at about $51,000. Hexagon Capital Partners LLC grew its stake in shares of Signet Jewelers by 33.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company's stock valued at $63,000 after buying an additional 175 shares in the last quarter. Blue Trust Inc. increased 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 buying an additional 122 shares during the last quarter. Finally, CWM LLC lifted its stake in Signet Jewelers by 177.3% in 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.

Signet Jewelers Trading Up 0.5 %

SIG traded up $0.52 during midday trading on Monday, reaching $98.07. The company's stock had a trading volume of 543,714 shares, compared to its average volume of 812,667. The company has a fifty day simple moving average of $93.21 and a 200 day simple moving average of $91.51. The stock has a market cap of $4.32 billion, a P/E ratio of 11.29, a PEG ratio of 1.11 and a beta of 2.12. Signet Jewelers Limited has a twelve month low of $69.55 and a twelve month high of $112.06.

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

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 1.18%. Signet Jewelers's dividend payout ratio is 13.43%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SIG shares. Bank of America cut their price target 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. StockNews.com lowered Signet Jewelers from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Telsey Advisory Group reiterated a "market perform" rating and set a $87.00 price target on shares of Signet Jewelers in a research note on Wednesday, October 2nd. Wells Fargo & Company raised their price objective on Signet Jewelers from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Finally, UBS Group decreased their target price on Signet Jewelers from $145.00 to $132.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $109.60.

Insider Buying and Selling at Signet Jewelers

In related news, insider Joan M. Hilson sold 8,000 shares of the firm's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $94.57, for a total value of $756,560.00. Following the completion of the transaction, the insider now directly owns 200,844 shares of the company's stock, valued at $18,993,817.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Oded Edelman sold 9,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $74.55, for a total value of $670,950.00. Following the completion of the transaction, the insider now owns 28,398 shares of the company's stock, valued at $2,117,070.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joan M. Hilson sold 8,000 shares of the firm'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 transaction, the insider now owns 200,844 shares of the company's stock, valued at approximately $18,993,817.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,957 shares of company stock valued at $5,910,256 in the last quarter. Corporate insiders own 3.26% of the company's stock.

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.