O Shaughnessy Asset Management LLC Sells 2,323 Shares of Signet Jewelers Limited (NYSE:SIG)

Posted by Defense World Staff on Jun 1st, 2023

O Shaughnessy Asset Management LLC lessened its position in Signet Jewelers Limited (NYSE:SIG – Get Rating) by 29.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,482 shares of the company’s stock after selling 2,323 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Signet Jewelers were worth $373,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GMT Capital Corp boosted its stake in shares of Signet Jewelers by 171.0% during the 4th quarter. GMT Capital Corp now owns 732,200 shares of the company’s stock valued at $49,790,000 after purchasing an additional 462,000 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Signet Jewelers during the 1st quarter valued at about $17,484,000. William Blair Investment Management LLC boosted its stake in shares of Signet Jewelers by 99.0% during the 4th quarter. William Blair Investment Management LLC now owns 453,979 shares of the company’s stock valued at $30,871,000 after purchasing an additional 225,852 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Signet Jewelers by 43.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 639,516 shares of the company’s stock valued at $46,494,000 after purchasing an additional 192,995 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Signet Jewelers by 10.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,834,033 shares of the company’s stock valued at $125,052,000 after purchasing an additional 169,448 shares in the last quarter. Institutional investors own 97.88% of the company’s stock.

Signet Jewelers Stock Down 2.8 %

Shares of Signet Jewelers stock opened at $63.47 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.60 and a current ratio of 1.56. The stock has a market capitalization of $2.87 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 0.73 and a beta of 2.14. Signet Jewelers Limited has a 52-week low of $50.84 and a 52-week high of $83.42. The company has a 50-day simple moving average of $72.80 and a two-hundred day simple moving average of $71.55.

Signet Jewelers (NYSE:SIG – Get Rating) last issued its earnings results on Thursday, March 16th. The company reported $5.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.35 by $0.17. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Signet Jewelers had a net margin of 4.80% and a return on equity of 46.64%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $5.01 earnings per share. On average, analysts anticipate that Signet Jewelers Limited will post 11.18 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Friday, April 28th were issued a $0.23 dividend. The ex-dividend date was Thursday, April 27th. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a yield of 1.45%. Signet Jewelers’s payout ratio is 14.58%.

Insiders Place Their Bets

In other Signet Jewelers news, CEO Virginia Drosos sold 10,000 shares of Signet Jewelers stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $70.29, for a total value of $702,900.00. Following the completion of the transaction, the chief executive officer now directly owns 1,037,740 shares of the company’s stock, valued at $72,942,744.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Virginia Drosos sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $70.29, for a total transaction of $702,900.00. Following the completion of the transaction, the chief executive officer now directly owns 1,037,740 shares of the company’s stock, valued at $72,942,744.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stash Ptak sold 2,193 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $75.62, for a total transaction of $165,834.66. Following the transaction, the insider now directly owns 33,577 shares of the company’s stock, valued at $2,539,092.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,693 shares of company stock valued at $5,231,135. Insiders own 4.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SIG. Wells Fargo & Company lifted their target price on shares of Signet Jewelers from $90.00 to $100.00 in a research note on Friday, March 17th. Telsey Advisory Group boosted their price objective on shares of Signet Jewelers from $75.00 to $85.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 19th. StockNews.com started coverage on shares of Signet Jewelers in a research note on Thursday, May 18th. They set a “buy” rating on the stock. UBS Group boosted their price objective on shares of Signet Jewelers from $92.00 to $98.00 in a research note on Friday, March 17th. Finally, Citigroup boosted their price objective on shares of Signet Jewelers from $77.00 to $82.00 in a research note on Monday, March 20th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $88.00.

Signet Jewelers Company Profile

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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.