Versor Investments LP bought a new stake in Signet Jewelers Limited (NYSE:SIG - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,476 shares of the company's stock, valued at approximately $977,000.
Several other hedge funds also recently added to or reduced their stakes in SIG. Allspring Global Investments Holdings LLC increased its holdings in shares of Signet Jewelers by 9.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,680 shares of the company's stock valued at $268,000 after buying an additional 229 shares in the last quarter. Swiss National Bank increased its holdings in shares of Signet Jewelers by 4.0% during the first quarter. Swiss National Bank now owns 87,500 shares of the company's stock worth $8,756,000 after buying an additional 3,400 shares in the last quarter. Sei Investments Co. boosted its stake in Signet Jewelers by 44.4% in the first quarter. Sei Investments Co. now owns 11,689 shares of the company's stock valued at $1,170,000 after acquiring an additional 3,594 shares during the last quarter. Qsemble Capital Management LP raised its holdings in Signet Jewelers by 85.0% in the first quarter. Qsemble Capital Management LP now owns 5,918 shares of the company's stock worth $592,000 after purchasing an additional 2,719 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Signet Jewelers by 1.1% in the 1st quarter. Russell Investments Group Ltd. now owns 157,962 shares of the company's stock valued at $15,807,000 after buying an additional 1,784 shares during the last quarter.
Signet Jewelers Stock Performance
Shares of SIG traded up $0.52 during trading hours on Tuesday, hitting $98.59. 563,839 shares of the stock were exchanged, compared to its average volume of 811,531. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.11 and a beta of 2.12. Signet Jewelers Limited has a 12-month low of $69.55 and a 12-month high of $112.06. The stock's 50-day moving average price is $93.49 and its two-hundred day moving average price is $91.50.
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%. The company's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period last year, the firm posted $1.55 earnings per share. On average, research analysts expect that Signet Jewelers Limited will post 10.8 earnings per share for the current year.
Signet Jewelers Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, October 25th. Signet Jewelers's dividend payout ratio is presently 13.43%.
Insider Buying and Selling at Signet Jewelers
In related news, insider Oded Edelman sold 9,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was 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 in the company, valued at $2,117,070.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Virginia Drosos sold 3,475 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $101.67, for a total transaction of $353,303.25. Following the completion of the transaction, the chief executive officer now owns 775,345 shares in the company, valued at $78,829,326.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Oded Edelman sold 9,000 shares of Signet Jewelers stock in a transaction on 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 approximately $2,117,070.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,957 shares of company stock valued at $5,910,256 in the last three months. Corporate insiders own 3.26% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have weighed in on SIG. UBS Group dropped their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a "buy" rating for the company in a research note on Wednesday, September 11th. Bank of America lowered their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, September 13th. Telsey Advisory Group reissued a "market perform" rating and issued a $87.00 price target on shares of Signet Jewelers in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their price objective 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, StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Signet Jewelers currently has an average rating of "Moderate Buy" and an average target price of $109.60.
Read Our Latest Analysis on SIG
About Signet Jewelers
(
Free Report)
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.
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