Signet Jewelers Limited (NYSE:SIG) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its position in shares of Signet Jewelers Limited (NYSE:SIG) by 23.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,746 shares of the company’s stock after selling 2,077 shares during the period. ProShare Advisors LLC’s holdings in Signet Jewelers were worth $604,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in shares of Signet Jewelers during the second quarter valued at approximately $51,000. Hexagon Capital Partners LLC lifted its holdings 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 purchasing an additional 175 shares during the period. Blue Trust Inc. grew its position 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 buying an additional 122 shares in the last quarter. Lazard Asset Management LLC increased its stake in Signet Jewelers by 6.8% during the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after buying an additional 116 shares during the period. Finally, Privium Fund Management UK Ltd bought a new stake in shares of Signet Jewelers during the 4th quarter worth about $216,000.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, CEO Virginia Drosos sold 3,475 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total value of $353,303.25. Following the completion of the sale, the chief executive officer now owns 775,345 shares in the company, valued at approximately $78,829,326.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, 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 transaction, the insider now owns 68,343 shares of the company’s stock, valued at $6,765,957. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Virginia Drosos sold 3,475 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $101.67, for a total transaction of $353,303.25. Following the transaction, the chief executive officer now owns 775,345 shares in the company, valued at approximately $78,829,326.15. The disclosure for this sale can be found here. Insiders sold 75,828 shares of company stock valued at $6,698,021 over the last three months. 3.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SIG has been the topic of a number of research analyst reports. Telsey Advisory Group lowered their price objective 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. Citigroup reaffirmed a “buy” rating and set a $119.00 target price on shares of Signet Jewelers in a report on Friday, June 14th. Bank of America lowered their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. UBS Group cut their target price on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company decreased their price target 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.60.

Signet Jewelers Price Performance

Shares of SIG opened at $100.97 on Monday. The company has a 50-day moving average of $83.35 and a two-hundred day moving average of $91.98. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 1.13 and a beta of 2.10. Signet Jewelers Limited has a one year low of $65.12 and a one year high of $112.06.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.11. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $1.55 EPS. The company’s revenue was down 7.6% on a year-over-year basis. Analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.15%. Signet Jewelers’s dividend payout ratio is 9.43%.

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.