Martingale Asset Management L P Raises Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

Martingale Asset Management L P increased its holdings in Signet Jewelers Limited (NYSE:SIG) by 55.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,022 shares of the company’s stock after acquiring an additional 2,861 shares during the quarter. Martingale Asset Management L P’s holdings in Signet Jewelers were worth $827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Signet Jewelers by 4.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,791 shares of the company’s stock worth $3,682,000 after purchasing an additional 1,535 shares during the last quarter. Tidal Investments LLC acquired a new position in Signet Jewelers in the 1st quarter valued at about $293,000. Cetera Advisors LLC acquired a new position in Signet Jewelers in the 1st quarter valued at about $1,093,000. Boston Partners purchased a new stake in Signet Jewelers during the 1st quarter valued at approximately $1,088,000. Finally, Hexagon Capital Partners LLC lifted its position in Signet Jewelers by 33.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after acquiring an additional 175 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SIG shares. Bank of America dropped their target price on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. UBS Group lowered 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 report on Wednesday, September 11th. Wells Fargo & Company upped their price objective 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. Telsey Advisory Group reissued a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a report on Wednesday, November 27th. Finally, StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.60.

Insider Activity

In other Signet Jewelers news, insider Joan M. Hilson sold 8,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total transaction of $756,560.00. Following the transaction, the insider now owns 200,844 shares of the company’s stock, valued at $18,993,817.08. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rebecca Wooters sold 22,151 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total value of $2,192,949.00. Following the completion of the transaction, the insider now directly owns 68,343 shares in the company, valued at $6,765,957. This trade represents a 24.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,957 shares of company stock valued at $4,599,306 over the last 90 days. Insiders own 3.26% of the company’s stock.

Signet Jewelers Stock Performance

SIG opened at $99.45 on Tuesday. Signet Jewelers Limited has a one year low of $72.26 and a one year high of $112.06. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.14 and a beta of 2.12. The business’s fifty day moving average is $97.33 and its two-hundred day moving average is $91.59.

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

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders 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 1.17%. Signet Jewelers’s dividend payout ratio (DPR) is presently 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.