Verition Fund Management LLC cut its holdings in shares of Signet Jewelers Limited (NYSE:SIG – Get Rating) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,174 shares of the company’s stock after selling 566 shares during the period. Verition Fund Management LLC’s holdings in Signet Jewelers were worth $639,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Signet Jewelers by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 6,181,170 shares of the company’s stock valued at $449,370,000 after purchasing an additional 31,035 shares during the period. Dimensional Fund Advisors LP lifted its position in Signet Jewelers by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,388,543 shares of the company’s stock valued at $136,597,000 after purchasing an additional 13,848 shares during the period. State Street Corp lifted its position in Signet Jewelers by 2.5% during the 1st quarter. State Street Corp now owns 1,769,053 shares of the company’s stock valued at $128,610,000 after purchasing an additional 42,874 shares during the period. Victory Capital Management Inc. raised its position in shares of Signet Jewelers by 15.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,664,585 shares of the company’s stock valued at $95,197,000 after acquiring an additional 223,235 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Signet Jewelers by 20.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 750,431 shares of the company’s stock valued at $54,556,000 after acquiring an additional 127,389 shares during the period. 97.88% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Citigroup increased their price target on shares of Signet Jewelers from $60.00 to $77.00 in a research report on Wednesday, December 7th. UBS Group increased their price target on shares of Signet Jewelers from $79.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, December 7th. StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Tuesday, February 14th. Bank of America increased their target price on Signet Jewelers from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 7th. Finally, Telsey Advisory Group increased their target price on Signet Jewelers from $72.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.
Signet Jewelers Price Performance
Signet Jewelers (NYSE:SIG – Get Rating) last issued its quarterly earnings results on Tuesday, December 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.44. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Signet Jewelers had a net margin of 5.18% and a return on equity of 47.90%. As a group, equities research analysts forecast that Signet Jewelers Limited will post 11.86 EPS for the current fiscal year.
Signet Jewelers Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, January 27th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, January 26th. This represents a $0.80 annualized dividend and a dividend yield of 1.07%. Signet Jewelers’s dividend payout ratio is currently 12.90%.
Insider Transactions at Signet Jewelers
In other news, insider Stash Ptak sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the transaction, the insider now directly owns 34,333 shares of the company’s stock, valued at approximately $2,574,975. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Stash Ptak sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the sale, the insider now owns 34,333 shares of the company’s stock, valued at approximately $2,574,975. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Virginia Drosos sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $73.62, for a total value of $736,200.00. Following the completion of the sale, the chief executive officer now directly owns 925,305 shares of the company’s stock, valued at approximately $68,120,954.10. The disclosure for this sale can be found here. Insiders sold 21,000 shares of company stock valued at $1,570,000 in the last ninety days. 1.76% of the stock is currently owned by corporate insiders.
About Signet Jewelers
Signet Jewelers Ltd. engages in the retail of diamond jewelry. It operates through the following business segments: North America, International, and Others. The North America segment operates jewelry stores in malls, mall-based kiosks, and off-mall locations throughout the U.S. and Canada. The International sells primarily in the UK and Ireland under the H.
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