PDT Partners LLC Has $1.44 Million Holdings in Signet Jewelers Limited (NYSE:SIG)

PDT Partners LLC raised its position in shares of Signet Jewelers Limited (NYSE:SIG) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,953 shares of the company’s stock after buying an additional 892 shares during the period. PDT Partners LLC’s holdings in Signet Jewelers were worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SIG. Khrom Capital Management LLC bought a new stake in Signet Jewelers during the 2nd quarter worth about $58,357,000. Eminence Capital LP grew its stake in shares of Signet Jewelers by 71.3% during the second quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock valued at $75,644,000 after purchasing an additional 351,588 shares during the last quarter. Select Equity Group L.P. grew its stake in shares of Signet Jewelers by 2.9% during the second quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock valued at $622,562,000 after purchasing an additional 193,977 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Signet Jewelers by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock valued at $213,809,000 after purchasing an additional 149,934 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in Signet Jewelers by 6.5% in the 2nd quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company’s stock worth $185,347,000 after purchasing an additional 126,726 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently commented on SIG. Bank of America lowered their target price on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Thursday. UBS Group cut their target price on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Wells Fargo & Company lifted their price target on shares of 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, November 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Signet Jewelers presently has a consensus rating of “Moderate Buy” and an average target price of $109.60.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, insider Mary Elizabeth Finn sold 3,763 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $92.32, for a total value of $347,400.16. Following the sale, the insider now owns 43,058 shares in the company, valued at approximately $3,975,114.56. The trade was a 8.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rebecca Wooters sold 22,151 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the transaction, the insider now directly owns 68,343 shares of the company’s stock, valued at $6,765,957. This represents a 24.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,957 shares of company stock valued at $4,599,306. 3.26% of the stock is owned by corporate insiders.

Signet Jewelers Stock Performance

Shares of NYSE SIG opened at $100.20 on Monday. The firm has a 50 day moving average price of $97.33 and a 200 day moving average price of $91.67. The stock has a market cap of $4.41 billion, a P/E ratio of 11.60, a P/E/G ratio of 1.14 and a beta of 2.12. Signet Jewelers Limited has a 52-week low of $72.26 and a 52-week high of $112.06.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share 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 business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the business posted $1.55 EPS. Signet Jewelers’s revenue for the quarter was down 7.6% on a year-over-year basis. Analysts predict that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

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

About Signet Jewelers

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.