Mackenzie Financial Corp Purchases 17,509 Shares of Signet Jewelers Limited (NYSE:SIG)

Mackenzie Financial Corp grew its holdings in Signet Jewelers Limited (NYSE:SIG) by 75.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,705 shares of the company’s stock after purchasing an additional 17,509 shares during the quarter. Mackenzie Financial Corp’s holdings in Signet Jewelers were worth $3,646,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SIG. PNC Financial Services Group Inc. boosted its position in shares of Signet Jewelers by 5.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock worth $303,000 after purchasing an additional 156 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Signet Jewelers during the fourth quarter valued at approximately $1,370,000. TD Asset Management Inc increased its stake in Signet Jewelers by 8.3% in the fourth quarter. TD Asset Management Inc now owns 23,500 shares of the company’s stock valued at $2,521,000 after purchasing an additional 1,800 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Signet Jewelers by 52.3% in the fourth quarter. Allianz Asset Management GmbH now owns 19,445 shares of the company’s stock worth $2,086,000 after purchasing an additional 6,679 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Signet Jewelers during the fourth quarter worth $694,000.

Insider Activity at Signet Jewelers

In other news, CEO Virginia Drosos sold 3,475 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total transaction of $353,303.25. Following the completion of the transaction, the chief executive officer now directly owns 775,345 shares in the company, valued at $78,829,326.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Oded Edelman sold 9,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $74.55, for a total transaction of $670,950.00. Following the completion of the transaction, the insider now owns 28,398 shares of the company’s stock, valued at $2,117,070.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Virginia Drosos sold 3,475 shares of the business’s 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 completion of the sale, the chief executive officer now directly 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 a total of 75,828 shares of company stock valued at $6,698,021 in the last quarter. Insiders own 3.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on SIG shares. Telsey Advisory Group reduced their target price on Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating on the stock in a report on Monday, September 9th. Bank of America cut 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. StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Wells Fargo & Company reduced their price objective on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, August 27th. Finally, Citigroup reaffirmed a “buy” rating and issued a $119.00 target price on shares of Signet Jewelers in a research report on Friday, June 14th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

Signet Jewelers Trading Down 7.9 %

NYSE:SIG opened at $94.98 on Wednesday. The stock has a 50 day simple moving average of $83.91 and a 200 day simple moving average of $91.98. Signet Jewelers Limited has a 1-year low of $65.12 and a 1-year high of $112.06. The stock has a market cap of $4.24 billion, a P/E ratio of 7.72, a PEG ratio of 1.13 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 analysts’ consensus estimates of $1.14 by $0.11. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. Signet Jewelers’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period last year, the firm earned $1.55 earnings per share. As a group, sell-side analysts forecast that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s dividend payout ratio (DPR) is presently 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.