Crossmark Global Holdings Inc. Sells 234 Shares of Signet Jewelers Limited (NYSE:SIG)

Crossmark Global Holdings Inc. lowered its stake in Signet Jewelers Limited (NYSE:SIG) by 7.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,864 shares of the company’s stock after selling 234 shares during the period. Crossmark Global Holdings Inc.’s holdings in Signet Jewelers were worth $296,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ritholtz Wealth Management increased its position in shares of Signet Jewelers by 4.9% during the 3rd quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock valued at $254,000 after purchasing an additional 115 shares during the last quarter. Lazard Asset Management LLC increased its position in Signet Jewelers by 6.8% during the first quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after acquiring an additional 116 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Signet Jewelers by 15.3% in the second 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 period. SummerHaven Investment Management LLC lifted its holdings in shares of Signet Jewelers by 1.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock worth $932,000 after acquiring an additional 144 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Signet Jewelers by 33.4% during the 2nd 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.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SIG. StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company increased their price target on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Telsey Advisory Group reissued a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a research note on Wednesday, October 2nd. 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 research report on Friday, September 13th. Finally, UBS Group decreased their target price 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Signet Jewelers has an average rating of “Moderate Buy” and an average price target of $109.60.

Signet Jewelers Stock Down 0.5 %

Shares of NYSE SIG opened at $97.16 on Monday. Signet Jewelers Limited has a twelve month low of $72.26 and a twelve month high of $112.06. The firm has a market cap of $4.28 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.10 and a beta of 2.12. The business has a fifty day simple moving average of $95.01 and a two-hundred day simple moving average of $91.46.

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. The company had revenue of $1.49 billion during 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%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 earnings per share. On average, research analysts expect that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s dividend payout ratio (DPR) is 13.43%.

Insiders Place Their Bets

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $99.63, for a total value of $332,066.79. Following the completion of the transaction, the director now directly owns 26,085 shares in the company, valued at approximately $2,598,848.55. The trade was a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mary Elizabeth Finn sold 3,763 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $92.32, for a total transaction of $347,400.16. Following the completion of the sale, the insider now owns 43,058 shares in the company, valued at $3,975,114.56. This represents a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,957 shares of company stock worth $5,239,306 over the last 90 days. Company insiders own 3.26% of the company’s stock.

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.