Trajan Wealth LLC Purchases Shares of 2,504 Signet Jewelers Limited (NYSE:SIG)

Trajan Wealth LLC acquired a new position in shares of Signet Jewelers Limited (NYSE:SIG) in the 3rd quarter, Holdings Channel reports. The fund acquired 2,504 shares of the company’s stock, valued at approximately $258,000.

Other large investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new position in Signet Jewelers in the 2nd quarter worth $51,000. Hexagon Capital Partners LLC increased its holdings in shares of Signet Jewelers by 33.4% in the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock valued at $63,000 after purchasing an additional 175 shares during the period. Blue Trust Inc. increased its holdings in shares of Signet Jewelers by 15.3% in the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after purchasing an additional 122 shares during the period. CWM LLC raised its stake in shares of Signet Jewelers by 177.3% in the third quarter. CWM LLC now owns 1,148 shares of the company’s stock worth $118,000 after purchasing an additional 734 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of Signet Jewelers during the second quarter worth about $180,000.

Signet Jewelers Stock Performance

SIG stock opened at $92.51 on Thursday. The firm’s fifty day moving average is $91.51 and its 200 day moving average is $91.70. The firm has a market cap of $4.08 billion, a PE ratio of 10.71, a P/E/G ratio of 1.04 and a beta of 2.10. Signet Jewelers Limited has a one year low of $67.18 and a one year high of $112.06.

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

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s payout ratio is 13.43%.

Insider Activity

In other news, insider Oded Edelman sold 9,000 shares of Signet Jewelers stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $74.55, for a total value of $670,950.00. Following the sale, the insider now owns 28,398 shares in the company, valued at $2,117,070.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Signet Jewelers news, CEO Virginia Drosos sold 3,475 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 775,345 shares of the company’s stock, valued at $78,829,326.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Oded Edelman sold 9,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $74.55, for a total transaction of $670,950.00. Following the transaction, the insider now directly owns 28,398 shares in the company, valued at approximately $2,117,070.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,957 shares of company stock worth $5,910,256 in the last quarter. Corporate insiders own 3.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SIG. Telsey Advisory Group reiterated a “market perform” rating and issued a $87.00 price target on shares of Signet Jewelers in a report on Wednesday, October 2nd. Wells Fargo & Company increased their price objective on shares of Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Tuesday. UBS Group cut their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, Bank of America decreased their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $109.60.

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.