Point72 DIFC Ltd Makes New Investment in Signet Jewelers Limited (NYSE:SIG)

Point72 DIFC Ltd purchased a new position in Signet Jewelers Limited (NYSE:SIG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,660 shares of the company’s stock, valued at approximately $417,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings 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 buying an additional 149,934 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Signet Jewelers by 6.5% in the 2nd quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company’s stock valued at $185,347,000 after acquiring an additional 126,726 shares during the last quarter. Eminence Capital LP increased its stake 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 during the period. Anomaly Capital Management LP raised its holdings in shares of Signet Jewelers by 12.4% during the second quarter. Anomaly Capital Management LP now owns 691,451 shares of the company’s stock worth $61,940,000 after purchasing an additional 76,534 shares during the last quarter. Finally, Janus Henderson Group PLC lifted 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 purchasing an additional 181,207 shares during the period.

Insider Activity

In other Signet Jewelers news, insider Rebecca Wooters sold 22,151 shares of Signet Jewelers stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total value of $2,192,949.00. Following the sale, the insider now owns 68,343 shares in the company, valued at $6,765,957. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Eugenia Ulasewicz sold 3,334 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $87.94, for a total transaction of $293,191.96. Following the completion of the transaction, the director now directly owns 29,418 shares in the company, valued at approximately $2,587,018.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rebecca Wooters sold 22,151 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the completion of the transaction, the insider now directly owns 68,343 shares of the company’s stock, valued at approximately $6,765,957. The disclosure for this sale can be found here. Insiders sold a total of 72,353 shares of company stock valued at $6,344,718 in the last 90 days. Company insiders own 3.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SIG shares. UBS Group reduced 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. Citigroup reissued a “buy” rating and issued a $119.00 price objective on shares of Signet Jewelers in a report on Friday, June 14th. Wells Fargo & Company reduced their target price on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, August 27th. Telsey Advisory Group dropped their price target 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. Finally, StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

Signet Jewelers Price Performance

SIG opened at $98.46 on Friday. The company’s 50 day simple moving average is $83.02 and its two-hundred day simple moving average is $92.02. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 1.11 and a beta of 2.10. Signet Jewelers Limited has a 1-year low of $65.12 and a 1-year high of $112.06.

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

Signet Jewelers Dividend Announcement

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

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.