Rhumbline Advisers Sells 2,219 Shares of Signet Jewelers Limited (NYSE:SIG)

Rhumbline Advisers lessened its position in Signet Jewelers Limited (NYSE:SIG) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 135,378 shares of the company’s stock after selling 2,219 shares during the period. Rhumbline Advisers’ holdings in Signet Jewelers were worth $12,127,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of SIG. Norges Bank bought a new stake in shares of Signet Jewelers in the 4th quarter valued at $52,976,000. Eminence Capital LP increased its holdings in shares of Signet Jewelers by 33.1% in the fourth quarter. Eminence Capital LP now owns 759,439 shares of the company’s stock worth $81,457,000 after acquiring an additional 189,019 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Signet Jewelers by 38.2% during the first 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. Vaughan Nelson Investment Management L.P. raised its position in shares of Signet Jewelers by 16.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 527,145 shares of the company’s stock worth $47,221,000 after purchasing an additional 74,380 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Signet Jewelers by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,323,982 shares of the company’s stock valued at $249,272,000 after purchasing an additional 51,397 shares in the last quarter.

Insider Activity

In related news, insider Jamie Singleton sold 18,105 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $83.11, for a total transaction of $1,504,706.55. Following the transaction, the insider now directly owns 162,942 shares in the company, valued at $13,542,109.62. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Jamie Singleton sold 18,105 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $83.11, for a total value of $1,504,706.55. Following the completion of the sale, the insider now directly owns 162,942 shares in the company, valued at approximately $13,542,109.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rebecca Wooters sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $90.34, for a total value of $271,020.00. Following the transaction, the insider now directly owns 90,494 shares in the company, valued at approximately $8,175,227.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,439 shares of company stock valued at $4,809,869. 3.26% of the stock is owned by insiders.

Signet Jewelers Trading Up 0.6 %

Shares of SIG opened at $76.26 on Wednesday. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 6.20, a PEG ratio of 0.83 and a beta of 2.11. Signet Jewelers Limited has a 12 month low of $65.12 and a 12 month high of $112.06. The firm has a fifty day simple moving average of $81.57 and a 200 day simple moving average of $92.49.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, June 13th. The company reported $1.11 EPS for the quarter, topping 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 company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business posted $1.78 EPS. The company’s quarterly revenue was down 9.4% on a year-over-year basis. As a group, research analysts predict that Signet Jewelers Limited will post 10.6 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Friday, July 26th. Signet Jewelers’s dividend payout ratio is currently 9.43%.

Wall Street Analyst Weigh In

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

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.