Ritholtz Wealth Management Has $254,000 Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

Ritholtz Wealth Management lifted its position in Signet Jewelers Limited (NYSE:SIG) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,459 shares of the company’s stock after buying an additional 115 shares during the period. Ritholtz Wealth Management’s holdings in Signet Jewelers were worth $254,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its stake in Signet Jewelers by 25.0% in the first quarter. Nordea Investment Management AB now owns 76,951 shares of the company’s stock valued at $7,627,000 after buying an additional 15,376 shares in the last quarter. MidWestOne Financial Group Inc. lifted its position in Signet Jewelers by 63.3% in the 2nd quarter. MidWestOne Financial Group Inc. now owns 16,974 shares of the company’s stock valued at $1,521,000 after acquiring an additional 6,579 shares in the last quarter. Cetera Advisors LLC acquired a new position in Signet Jewelers in the 1st quarter worth $1,093,000. Illinois Municipal Retirement Fund increased its holdings in Signet Jewelers by 97.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 45,593 shares of the company’s stock worth $4,562,000 after purchasing an additional 22,482 shares in the last quarter. Finally, Boston Partners acquired a new stake in shares of Signet Jewelers in the 1st quarter valued at about $1,088,000.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, CEO Virginia Drosos sold 3,475 shares of Signet Jewelers 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 of the company’s stock, valued at $78,829,326.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Oded Edelman sold 9,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $74.55, for a total transaction of $670,950.00. Following the transaction, the insider now owns 28,398 shares in the company, valued at approximately $2,117,070.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Virginia Drosos sold 3,475 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $78,829,326.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,729 shares of company stock worth $6,326,336. Company insiders own 3.26% of the company’s stock.

Signet Jewelers Price Performance

Shares of SIG stock opened at $100.79 on Friday. The stock has a market cap of $4.50 billion, a P/E ratio of 8.19, a P/E/G ratio of 1.12 and a beta of 2.10. The company has a fifty day moving average price of $88.22 and a two-hundred day moving average price of $92.16. Signet Jewelers Limited has a one year low of $67.18 and a one year high of $112.06.

Signet Jewelers (NYSE:SIG) last issued 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. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate 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 was down 7.6% on a year-over-year basis. During the same period last year, the business posted $1.55 EPS. As a group, equities research analysts anticipate that Signet Jewelers Limited will post 10.8 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s payout ratio is presently 9.43%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company lowered their price objective on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, August 27th. Telsey Advisory Group restated a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a report on Wednesday, October 2nd. Bank of America decreased their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Finally, UBS Group dropped their target price on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

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.