Signet Jewelers Limited (NYSE:SIG) Shares Purchased by Promethos Capital LLC

Promethos Capital LLC boosted its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 119.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 30,356 shares of the company’s stock after buying an additional 16,510 shares during the quarter. Promethos Capital LLC’s holdings in Signet Jewelers were worth $2,719,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Signet Jewelers by 6.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock worth $213,809,000 after acquiring an additional 149,934 shares during the last quarter. Eminence Capital LP grew its holdings in Signet Jewelers by 33.1% during 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 during the period. Janus Henderson Group PLC raised its position in Signet Jewelers by 38.2% during the first quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock valued at $65,646,000 after acquiring an additional 181,207 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Signet Jewelers by 16.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 527,145 shares of the company’s stock valued at $47,221,000 after acquiring an additional 74,380 shares during the period. Finally, Norges Bank purchased a new stake in Signet Jewelers during the fourth quarter worth $52,976,000.

Signet Jewelers Trading Up 4.3 %

Shares of SIG opened at $97.16 on Friday. Signet Jewelers Limited has a 12-month low of $65.12 and a 12-month high of $112.06. The company’s 50-day moving average price is $81.79 and its 200 day moving average price is $91.96. The firm has a market cap of $4.33 billion, a P/E ratio of 7.90, a price-to-earnings-growth ratio of 1.04 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.14 by $0.11. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business posted $1.55 earnings per share. The company’s quarterly revenue was down 7.6% on a year-over-year basis. Equities research analysts forecast that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s payout ratio is presently 9.43%.

Analysts Set New Price Targets

Several research firms have recently issued reports on SIG. Telsey Advisory Group lowered their target price on shares of Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating on the stock in a research note on Monday, September 9th. Bank of America dropped 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. Citigroup reaffirmed a “buy” rating and set a $119.00 target price on shares of Signet Jewelers in a research note on Friday, June 14th. Wells Fargo & Company dropped their target price on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 27th. Finally, StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a report on Monday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $108.60.

Insider Buying and Selling

In other news, insider Mary Elizabeth Finn sold 3,763 shares of Signet Jewelers stock in a transaction 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 sale, the insider now directly owns 43,058 shares of the company’s stock, valued at approximately $3,975,114.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Mary Elizabeth Finn sold 3,763 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $92.32, for a total transaction of $347,400.16. Following the completion of the sale, the insider now owns 43,058 shares in the company, valued at $3,975,114.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jamie Singleton sold 18,105 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $83.11, for a total value of $1,504,706.55. Following the transaction, the insider now directly owns 162,942 shares in the company, valued at approximately $13,542,109.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,202 shares of company stock worth $4,422,789. Company insiders own 3.26% of the company’s stock.

Signet Jewelers 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.