Intech Investment Management LLC Has $2.05 Million Holdings in Signet Jewelers Limited (NYSE:SIG)

Intech Investment Management LLC boosted its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 40.2% in the third quarter, HoldingsChannel reports. The firm owned 19,830 shares of the company’s stock after acquiring an additional 5,690 shares during the period. Intech Investment Management LLC’s holdings in Signet Jewelers were worth $2,045,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. acquired a new stake in shares of Signet Jewelers in the third quarter valued at $25,000. Brown Brothers Harriman & Co. acquired a new stake in Signet Jewelers in the 2nd quarter valued at about $51,000. Hexagon Capital Partners LLC lifted its position in shares of Signet Jewelers by 33.4% during the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after purchasing an additional 175 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Signet Jewelers by 15.3% during 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 last quarter. Finally, CWM LLC grew its stake in shares of Signet Jewelers by 177.3% during the third quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after purchasing an additional 734 shares during the last quarter.

Analyst Ratings Changes

SIG has been the topic of several research reports. Bank of America reduced their price objective 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 cut their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Wells Fargo & Company upped their target price on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $109.60.

Insider Activity

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction that occurred on Monday, October 21st. The shares were 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. The trade was a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mary Elizabeth Finn sold 3,763 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $92.32, for a total transaction of $347,400.16. Following the completion of the transaction, the insider now owns 43,058 shares of the company’s stock, valued at $3,975,114.56. This trade represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,957 shares of company stock valued at $4,599,306 in the last quarter. Company insiders own 3.26% of the company’s stock.

Signet Jewelers Trading Up 2.4 %

NYSE SIG opened at $102.60 on Monday. Signet Jewelers Limited has a 12 month low of $72.26 and a 12 month high of $112.06. The stock has a 50-day simple moving average of $96.62 and a 200 day simple moving average of $91.51. The company has a market capitalization of $4.52 billion, a PE ratio of 11.88, a P/E/G ratio of 1.14 and a beta of 2.12.

Signet Jewelers (NYSE:SIG) last announced its quarterly 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. 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 posted $1.55 EPS. Signet Jewelers’s revenue was down 7.6% on a year-over-year basis. As a group, sell-side analysts predict that Signet Jewelers Limited will post 10.8 earnings per share 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 given 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 1.13%. Signet Jewelers’s dividend payout ratio is 13.43%.

Signet Jewelers Company 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.