Signet Jewelers Limited (NYSE:SIG) is Grace & White Inc. NY’s 4th Largest Position

Grace & White Inc. NY cut its stake in Signet Jewelers Limited (NYSE:SIG) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 195,362 shares of the company’s stock after selling 500 shares during the period. Signet Jewelers comprises approximately 3.6% of Grace & White Inc. NY’s portfolio, making the stock its 4th largest position. Grace & White Inc. NY’s holdings in Signet Jewelers were worth $20,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SIG. PNC Financial Services Group Inc. lifted its position in Signet Jewelers by 5.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock valued at $303,000 after acquiring an additional 156 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in Signet Jewelers by 303.0% in the first quarter. Los Angeles Capital Management LLC now owns 12,849 shares of the company’s stock valued at $1,286,000 after purchasing an additional 9,661 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Signet Jewelers by 14.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 452,765 shares of the company’s stock valued at $45,308,000 after purchasing an additional 58,400 shares during the period. Allspring Global Investments Holdings LLC increased its stake in 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 purchasing an additional 229 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Signet Jewelers by 8.6% in the first quarter. Principal Financial Group Inc. now owns 254,034 shares of the company’s stock valued at $25,421,000 after purchasing an additional 20,133 shares during the period.

Insider Buying and Selling

In related news, insider Rebecca Wooters sold 22,151 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the sale, the insider now owns 68,343 shares of the company’s stock, valued at approximately $6,765,957. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Rebecca Wooters sold 22,151 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the sale, the insider now owns 68,343 shares of the company’s stock, valued at approximately $6,765,957. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Virginia Drosos sold 3,475 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $101.67, for a total transaction of $353,303.25. Following the completion of the sale, the chief executive officer now directly owns 775,345 shares in the company, valued at $78,829,326.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,624 shares of company stock valued at $4,821,629. Corporate insiders own 3.26% of the company’s stock.

Analyst Upgrades and Downgrades

SIG has been the topic of a number of recent research reports. Telsey Advisory Group restated a “market perform” rating and issued a $87.00 price objective on shares of Signet Jewelers in a research note on Wednesday, October 2nd. UBS Group dropped their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Bank of America dropped 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 note on Friday, September 13th. Wells Fargo & Company dropped their price target on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 27th. Finally, StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus price target of $108.60.

Signet Jewelers Stock Down 4.2 %

Shares of Signet Jewelers stock opened at $96.60 on Tuesday. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.14 and a beta of 2.10. Signet Jewelers Limited has a 52-week low of $67.18 and a 52-week high of $112.06. The company’s 50-day simple moving average is $88.76 and its 200-day simple moving average is $92.07.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 earnings per share. Equities research analysts anticipate that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s dividend payout ratio is currently 13.43%.

Signet Jewelers Company 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.