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

Fmr LLC trimmed its position in Signet Jewelers Limited (NYSE:SIG) by 0.8% during the third quarter, HoldingsChannel.com reports. The firm owned 932,622 shares of the company’s stock after selling 7,419 shares during the quarter. Fmr LLC’s holdings in Signet Jewelers were worth $96,191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Signet Jewelers during the 3rd quarter valued at $25,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Signet Jewelers in the second quarter worth about $51,000. Hexagon Capital Partners LLC grew its stake in shares of Signet Jewelers by 33.4% in the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock valued at $63,000 after buying an additional 175 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Signet Jewelers by 15.3% during 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 during the period. Finally, CWM LLC raised its holdings in shares of Signet Jewelers by 177.3% during the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after buying an additional 734 shares during the period.

Signet Jewelers Stock Performance

SIG opened at $86.94 on Friday. The company has a market capitalization of $3.83 billion, a P/E ratio of 9.97, a PEG ratio of 1.11 and a beta of 2.10. The company has a 50-day moving average of $97.31 and a 200-day moving average of $91.62. Signet Jewelers Limited has a 1-year low of $72.26 and a 1-year high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business posted $0.24 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, sell-side analysts expect that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, October 25th. Signet Jewelers’s dividend payout ratio is currently 13.43%.

Analyst Ratings Changes

A number of analysts have recently issued reports on SIG shares. Bank of America dropped 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. Wells Fargo & Company lifted their price target on shares of Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Telsey Advisory Group reissued a “market perform” rating and issued a $87.00 price objective on shares of Signet Jewelers in a research report on Thursday. StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Finally, UBS Group reduced their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.60.

Insider Activity at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $99.63, for a total transaction of $332,066.79. Following the sale, the director now directly owns 26,085 shares in the company, valued at approximately $2,598,848.55. This represents a 11.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Virginia Drosos sold 3,475 shares of the business’s 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 transaction, the chief executive officer now owns 775,345 shares of the company’s stock, valued at $78,829,326.15. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,957 shares of company stock valued at $4,599,306. Corporate insiders own 3.26% of the company’s stock.

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.