Oregon Public Employees Retirement Fund Sells 1,075 Shares of Signet Jewelers Limited (NYSE:SIG)

Oregon Public Employees Retirement Fund reduced its stake in Signet Jewelers Limited (NYSE:SIG) by 9.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 10,841 shares of the company’s stock after selling 1,075 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Signet Jewelers were worth $971,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Lazard Asset Management LLC raised its stake in Signet Jewelers by 6.8% in the first quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock worth $183,000 after buying an additional 116 shares in the last quarter. Blue Trust Inc. raised its stake in Signet Jewelers by 15.3% in the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after buying an additional 122 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in Signet Jewelers by 1.4% in the second quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock worth $932,000 after buying an additional 144 shares in the last quarter. Commerce Bank raised its stake in Signet Jewelers by 5.3% in the fourth quarter. Commerce Bank now owns 2,941 shares of the company’s stock worth $315,000 after buying an additional 148 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Signet Jewelers by 5.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock worth $303,000 after purchasing an additional 156 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Telsey Advisory Group cut their price objective on shares of Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating on the stock in a report on Monday. Wells Fargo & Company cut their price objective on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, August 27th. Finally, Citigroup restated a “buy” rating and issued a $119.00 price objective on shares of Signet Jewelers in a report on Friday, June 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Signet Jewelers currently has a consensus rating of “Moderate Buy” and an average price target of $112.60.

Insider Activity

In related news, insider Rebecca Wooters sold 3,000 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $90.34, for a total transaction of $271,020.00. Following the transaction, the insider now owns 90,494 shares in the company, valued at $8,175,227.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Rebecca Wooters sold 3,000 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $90.34, for a total transaction of $271,020.00. Following the transaction, the insider now owns 90,494 shares in the company, valued at $8,175,227.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mary Elizabeth Finn sold 8,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $80.00, for a total transaction of $640,000.00. Following the transaction, the insider now owns 46,821 shares in the company, valued at approximately $3,745,680. The disclosure for this sale can be found here. Insiders have sold a total of 57,439 shares of company stock worth $4,809,869 over the last 90 days. 3.26% of the stock is currently owned by insiders.

Signet Jewelers Stock Down 1.5 %

NYSE:SIG opened at $75.79 on Tuesday. The company’s 50 day moving average price is $81.78 and its 200-day moving average price is $92.71. Signet Jewelers Limited has a 52 week low of $65.12 and a 52 week high of $112.06. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 6.16, a PEG ratio of 0.83 and a beta of 2.11.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, June 13th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. The business’s revenue for the quarter was down 9.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Signet Jewelers Limited will post 10.6 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, July 26th. Signet Jewelers’s payout ratio is 9.43%.

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.