Franklin Resources Inc. Raises Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

Franklin Resources Inc. boosted its holdings in Signet Jewelers Limited (NYSE:SIG) by 0.9% during the 3rd quarter, Holdings Channel reports. The firm owned 34,122 shares of the company’s stock after acquiring an additional 288 shares during the period. Franklin Resources Inc.’s holdings in Signet Jewelers were worth $3,330,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Select Equity Group L.P. increased its stake in shares of Signet Jewelers by 2.9% during the 2nd quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock worth $622,562,000 after purchasing an additional 193,977 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Signet Jewelers by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock valued at $213,809,000 after purchasing an additional 149,934 shares during the period. Pacer Advisors Inc. increased its position in Signet Jewelers by 6.5% in the second quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company’s stock worth $185,347,000 after buying an additional 126,726 shares during the last quarter. State Street Corp raised its stake in shares of Signet Jewelers by 1.0% in the third quarter. State Street Corp now owns 1,756,075 shares of the company’s stock valued at $181,122,000 after buying an additional 16,912 shares during the period. Finally, Eminence Capital LP grew its stake in shares of Signet Jewelers by 71.3% during the 2nd quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock worth $75,644,000 after acquiring an additional 351,588 shares during the period.

Insider Transactions at Signet Jewelers

In related news, CEO Virginia Drosos sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $101.25, for a total value of $60,750.00. Following the completion of the sale, the chief executive officer now owns 728,220 shares in the company, valued at $73,732,275. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joan M. Hilson sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $94.57, for a total value of $756,560.00. Following the completion of the sale, the insider now directly owns 200,844 shares of the company’s stock, valued at approximately $18,993,817.08. This represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,568 shares of company stock valued at $1,705,653. Insiders own 3.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SIG shares. Telsey Advisory Group restated a “market perform” rating and issued a $87.00 price objective on shares of Signet Jewelers in a research note on Thursday, December 5th. 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 note on Wednesday, September 11th. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Bank of America dropped their target price 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, Wells Fargo & Company boosted their price objective on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.60.

Signet Jewelers Trading Up 0.3 %

Signet Jewelers stock opened at $81.21 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. Signet Jewelers Limited has a fifty-two week low of $72.26 and a fifty-two week high of $112.06. The stock has a market cap of $3.53 billion, a P/E ratio of 9.35, a PEG ratio of 1.04 and a beta of 2.10. The firm’s fifty day moving average price is $92.90 and its 200-day moving average price is $89.46.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.37 billion. The business’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 EPS. Equities research analysts forecast that Signet Jewelers Limited will post 9.88 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 24th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, January 24th. Signet Jewelers’s dividend payout ratio (DPR) is currently 13.35%.

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.