Tredje AP fonden purchased a new stake in Signet Jewelers Limited (NYSE:SIG) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,580 shares of the company’s stock, valued at approximately $238,000.
Other hedge funds also recently bought and sold shares of the company. Commonwealth Bank of Australia raised its stake in Signet Jewelers by 5.6% in the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock valued at $101,000 after purchasing an additional 85 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. acquired a new position in Signet Jewelers in the second quarter valued at about $121,000. Tower Research Capital LLC TRC raised its stake in Signet Jewelers by 19.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock valued at $128,000 after purchasing an additional 335 shares in the last quarter. Monroe Bank & Trust MI acquired a new position in Signet Jewelers in the third quarter valued at about $179,000. Finally, Pitcairn Co. acquired a new position in Signet Jewelers in the third quarter valued at about $203,000.
Signet Jewelers Limited (SIG) traded up $1.91 during trading on Monday, hitting $53.22. The stock had a trading volume of 2,415,000 shares, compared to its average volume of 1,919,925. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $98.88. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 0.76. The firm has a market capitalization of $3,220.00, a P/E ratio of 8.14, a P/E/G ratio of 1.06 and a beta of 0.94.
Several research analysts have commented on the company. Vetr downgraded Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $57.72 target price for the company. in a research note on Monday. Northcoast Research reissued a “neutral” rating on shares of Signet Jewelers in a research note on Friday, September 29th. ValuEngine raised Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $63.00 target price on shares of Signet Jewelers in a research note on Thursday, August 17th. Finally, Telsey Advisory Group boosted their target price on Signet Jewelers from $60.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $65.48.
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Signet Jewelers Profile
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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