Blueshift Asset Management LLC Invests $2.85 Million in Signet Jewelers Limited (NYSE:SIG)

Blueshift Asset Management LLC bought a new position in shares of Signet Jewelers Limited (NYSE:SIG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,662 shares of the company’s stock, valued at approximately $2,853,000. Signet Jewelers comprises approximately 0.7% of Blueshift Asset Management LLC’s investment portfolio, making the stock its 24th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SIG. Khrom Capital Management LLC acquired a new position in shares of Signet Jewelers in the 2nd quarter valued at about $58,357,000. Eminence Capital LP lifted its holdings in Signet Jewelers by 71.3% in the second quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock valued at $75,644,000 after acquiring an additional 351,588 shares during the period. Select Equity Group L.P. boosted its position in Signet Jewelers by 2.9% in the 2nd quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock worth $622,562,000 after purchasing an additional 193,977 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Signet Jewelers by 38.2% during the 1st quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock worth $65,646,000 after purchasing an additional 181,207 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Signet Jewelers by 6.7% during the 2nd 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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SIG. 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, October 2nd. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Wells Fargo & Company raised their price objective on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. 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. Finally, UBS Group cut their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $109.60.

Insider Activity at Signet Jewelers

In other news, CEO Virginia Drosos sold 3,475 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total value of $353,303.25. Following the sale, the chief executive officer now directly owns 775,345 shares in the company, valued at approximately $78,829,326.15. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joan M. Hilson sold 8,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was 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 approximately $18,993,817.08. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,957 shares of company stock worth $4,599,306. Company insiders own 3.26% of the company’s stock.

Signet Jewelers Stock Down 2.0 %

NYSE:SIG opened at $102.09 on Wednesday. The stock’s fifty day moving average is $96.86 and its two-hundred day moving average is $91.57. Signet Jewelers Limited has a 52 week low of $72.26 and a 52 week high of $112.06. The company has a market capitalization of $4.50 billion, a P/E ratio of 11.82, a P/E/G ratio of 1.18 and a beta of 2.12.

Signet Jewelers (NYSE:SIG) last released its earnings results 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 company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the company posted $1.55 EPS. Signet Jewelers’s revenue was down 7.6% compared to the same quarter last year. Sell-side analysts anticipate 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. Stockholders of record on Friday, October 25th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, October 25th. Signet Jewelers’s payout ratio is currently 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.