Raymond James Trust N.A. Takes Position in Signet Jewelers Limited (NYSE:SIG)

Raymond James Trust N.A. purchased a new position in Signet Jewelers Limited (NYSE:SIG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,008 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SIG. Charles Schwab Investment Management Inc. lifted its position in Signet Jewelers by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 669,896 shares of the company’s stock valued at $69,093,000 after purchasing an additional 30,820 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Signet Jewelers by 40.2% during the third quarter. Intech Investment Management LLC now owns 19,830 shares of the company’s stock valued at $2,045,000 after buying an additional 5,690 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Signet Jewelers by 29.4% during the third quarter. Segall Bryant & Hamill LLC now owns 15,238 shares of the company’s stock worth $1,572,000 after buying an additional 3,461 shares during the period. Empowered Funds LLC grew its holdings in Signet Jewelers by 11.2% in the 3rd quarter. Empowered Funds LLC now owns 88,162 shares of the company’s stock worth $9,093,000 after buying an additional 8,880 shares in the last quarter. Finally, Royce & Associates LP increased its position in Signet Jewelers by 5.9% in the 3rd quarter. Royce & Associates LP now owns 192,721 shares of the company’s stock valued at $19,877,000 after acquiring an additional 10,750 shares during the period.

Insider Activity at Signet Jewelers

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 value of $2,192,949.00. Following the completion of the transaction, the insider now owns 68,343 shares of the company’s stock, valued at approximately $6,765,957. This trade represents a 24.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joan M. Hilson sold 8,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total transaction of $756,560.00. Following the sale, the insider now directly owns 200,844 shares in the company, valued at approximately $18,993,817.08. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,957 shares of company stock worth $4,599,306 in the last quarter. 3.26% of the stock is owned by company insiders.

Signet Jewelers Trading Down 2.1 %

NYSE:SIG opened at $99.98 on Friday. The company has a 50-day moving average of $97.17 and a 200-day moving average of $91.67. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 1.18 and a beta of 2.12. Signet Jewelers Limited has a twelve month low of $72.26 and a twelve month high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, topping 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 firm 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 business posted $1.55 earnings per share. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, research analysts forecast that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, October 25th. Signet Jewelers’s dividend payout ratio is 13.43%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SIG shares. 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 research note on Wednesday, October 23rd. Bank of America decreased their target price on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. UBS Group dropped their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus target price of $109.60.

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.