Amundi Raises Stock Position in Signet Jewelers Limited (NYSE:SIG)

Amundi lifted its position in Signet Jewelers Limited (NYSE:SIG) by 177.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,230 shares of the company’s stock after purchasing an additional 14,224 shares during the period. Amundi owned 0.05% of Signet Jewelers worth $1,656,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Grace & White Inc. NY lifted its holdings in shares of Signet Jewelers by 6.1% in the 4th quarter. Grace & White Inc. NY now owns 207,262 shares of the company’s stock worth $16,728,000 after buying an additional 11,900 shares during the period. Illinois Municipal Retirement Fund lifted its stake in Signet Jewelers by 22.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 61,568 shares of the company’s stock worth $4,969,000 after acquiring an additional 11,218 shares during the period. Van ECK Associates Corp grew its holdings in Signet Jewelers by 30.5% during the 4th quarter. Van ECK Associates Corp now owns 36,655 shares of the company’s stock worth $2,958,000 after acquiring an additional 8,574 shares in the last quarter. US Bancorp DE increased its position in Signet Jewelers by 99.6% during the 4th quarter. US Bancorp DE now owns 19,598 shares of the company’s stock valued at $1,582,000 after purchasing an additional 9,778 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of Signet Jewelers by 36.3% in the 4th quarter. Nordea Investment Management AB now owns 132,070 shares of the company’s stock valued at $10,704,000 after purchasing an additional 35,174 shares in the last quarter.

Insider Transactions at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction on Friday, February 21st. The shares were sold at an average price of $54.13, for a total transaction of $180,415.29. Following the completion of the sale, the director now directly owns 22,752 shares in the company, valued at approximately $1,231,565.76. The trade was a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.26% of the company’s stock.

Signet Jewelers Stock Up 0.3 %

Shares of SIG stock opened at $48.08 on Tuesday. The stock’s fifty day moving average price is $56.18 and its 200 day moving average price is $79.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $112.06. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 5.53, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Bank of America dropped their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Telsey Advisory Group decreased their price objective on Signet Jewelers from $65.00 to $55.00 and set a “market perform” rating for the company in a research note on Thursday, March 13th. Finally, Wells Fargo & Company cut their target price on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.20.

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.