Public Sector Pension Investment Board Cuts Holdings in Signet Jewelers Limited (NYSE:SIG)

Public Sector Pension Investment Board reduced its position in shares of Signet Jewelers Limited (NYSE:SIG) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,636 shares of the company’s stock after selling 3,600 shares during the quarter. Public Sector Pension Investment Board’s holdings in Signet Jewelers were worth $9,761,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in Signet Jewelers in the 3rd quarter worth about $25,000. Brown Brothers Harriman & Co. acquired a new position in shares of Signet Jewelers during the 2nd quarter worth approximately $51,000. Hexagon Capital Partners LLC lifted its position in shares of Signet Jewelers by 33.4% during 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. grew its stake in Signet Jewelers by 15.3% in the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after acquiring an additional 122 shares during the period. Finally, CWM LLC increased its holdings in Signet Jewelers by 177.3% in the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock worth $118,000 after acquiring an additional 734 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SIG. StockNews.com raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a report on Thursday. UBS Group cut their price objective on 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 decreased their target price on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Wells Fargo & Company boosted their price target on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $87.00 price objective on shares of Signet Jewelers in a report on Wednesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.60.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, CEO Virginia Drosos sold 3,475 shares of Signet Jewelers stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $101.67, for a total value of $353,303.25. Following the sale, the chief executive officer now owns 775,345 shares in the company, valued at $78,829,326.15. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $99.63, for a total value of $332,066.79. Following the transaction, the director now owns 26,085 shares of the company’s stock, valued at approximately $2,598,848.55. This represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,957 shares of company stock worth $4,599,306 in the last ninety days. 3.26% of the stock is owned by insiders.

Signet Jewelers Price Performance

SIG opened at $100.32 on Friday. The company’s 50 day simple moving average is $97.22 and its two-hundred day simple moving average is $91.73. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 1.13 and a beta of 2.12. Signet Jewelers Limited has a 1-year low of $72.26 and a 1-year high of $112.06.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.11. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business earned $1.55 EPS. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. On average, equities analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, October 25th. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.43%.

Signet Jewelers 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.