TD Asset Management Inc Acquires 6,800 Shares of Signet Jewelers Limited (NYSE:SIG)

TD Asset Management Inc raised its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 21.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,400 shares of the company’s stock after buying an additional 6,800 shares during the period. TD Asset Management Inc owned 0.09% of Signet Jewelers worth $3,440,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Simon Quick Advisors LLC lifted its stake in shares of Signet Jewelers by 94.7% in the second quarter. Simon Quick Advisors LLC now owns 6,429 shares of the company’s stock worth $576,000 after buying an additional 3,127 shares during the last quarter. Natixis Advisors LLC lifted its position in Signet Jewelers by 6.8% during the 2nd quarter. Natixis Advisors LLC now owns 105,855 shares of the company’s stock worth $9,482,000 after acquiring an additional 6,771 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new stake in Signet Jewelers during the second quarter valued at about $1,129,000. Van ECK Associates Corp acquired a new stake in shares of Signet Jewelers in the second quarter valued at about $1,797,000. Finally, Rothschild Investment LLC bought a new position in shares of Signet Jewelers in the second quarter worth about $180,000.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SIG. UBS Group decreased their target price on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday. Citigroup restated a “buy” rating and issued a $119.00 price objective on shares of Signet Jewelers in a research note on Friday, June 14th. Telsey Advisory Group cut their target price on shares of Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating for the company in a research note on Monday. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Wells Fargo & Company dropped 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Signet Jewelers Price Performance

Shares of SIG stock opened at $86.94 on Friday. Signet Jewelers Limited has a one year low of $65.12 and a one year high of $112.06. The stock has a fifty day moving average price of $81.33 and a 200 day moving average price of $92.36. The stock has a market cap of $3.88 billion, a P/E ratio of 7.07, a price-to-earnings-growth ratio of 0.83 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last released 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 last year, the firm earned $1.78 EPS. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. Equities research analysts anticipate that Signet Jewelers Limited will post 10.6 EPS for the current year.

Insider Buying and Selling at Signet Jewelers

In related news, insider Jamie Singleton sold 18,105 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $83.11, for a total transaction of $1,504,706.55. Following the completion of the transaction, the insider now owns 162,942 shares in the company, valued at approximately $13,542,109.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Signet Jewelers news, insider Jamie Singleton sold 18,105 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $83.11, for a total transaction of $1,504,706.55. Following the completion of the transaction, the insider now directly owns 162,942 shares in the company, valued at $13,542,109.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joan M. Hilson sold 8,000 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $91.81, for a total transaction of $734,480.00. Following the completion of the sale, the insider now owns 189,231 shares in the company, valued at approximately $17,373,298.11. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,439 shares of company stock valued at $4,809,869. 3.26% of the stock is currently owned by corporate insiders.

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.