Armistice Capital LLC Acquires New Stake in Signet Jewelers Limited (NYSE:SIG)

Armistice Capital LLC bought a new position in Signet Jewelers Limited (NYSE:SIG) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,267 shares of the company’s stock, valued at approximately $3,876,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SIG. Brown Brothers Harriman & Co. acquired a new stake in shares of Signet Jewelers in the second quarter valued at $51,000. Hexagon Capital Partners LLC raised its position in Signet Jewelers by 33.4% in the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after acquiring an additional 175 shares in the last quarter. Blue Trust Inc. lifted its holdings in Signet Jewelers by 15.3% in the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after acquiring an additional 122 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Signet Jewelers during the 2nd quarter valued at about $180,000. Finally, Lazard Asset Management LLC grew its stake in shares of Signet Jewelers by 6.8% in the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock worth $183,000 after purchasing an additional 116 shares during the last quarter.

Wall Street Analyst Weigh In

SIG has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, August 27th. Bank of America reduced their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. UBS Group decreased their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Finally, Citigroup reiterated a “buy” rating and issued a $119.00 target price on shares of Signet Jewelers in a report on Friday, June 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.60.

Signet Jewelers Trading Down 1.8 %

Shares of Signet Jewelers stock opened at $98.46 on Friday. Signet Jewelers Limited has a 1 year low of $65.12 and a 1 year high of $112.06. The company has a market cap of $4.39 billion, a P/E ratio of 8.00, a P/E/G ratio of 1.11 and a beta of 2.10. The stock has a 50-day moving average price of $83.02 and a 200 day moving average price of $92.02.

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

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. Signet Jewelers’s dividend payout ratio is 9.43%.

Insider Activity at Signet Jewelers

In related news, Director Eugenia Ulasewicz sold 3,334 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $87.94, for a total transaction of $293,191.96. Following the transaction, the director now owns 29,418 shares of the company’s stock, valued at $2,587,018.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Eugenia Ulasewicz sold 3,334 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $87.94, for a total transaction of $293,191.96. Following the transaction, the director now owns 29,418 shares in the company, valued at approximately $2,587,018.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mary Elizabeth Finn sold 8,000 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $86.94, for a total transaction of $695,520.00. Following the completion of the sale, the insider now owns 54,821 shares of the company’s stock, valued at $4,766,137.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,353 shares of company stock valued at $6,344,718. 3.26% of the stock is owned by corporate insiders.

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.