Intech Investment Management LLC Invests $1.27 Million in Signet Jewelers Limited (NYSE:SIG)

Intech Investment Management LLC purchased a new stake in Signet Jewelers Limited (NYSE:SIG) in the 2nd quarter, Holdings Channel reports. The fund purchased 14,140 shares of the company’s stock, valued at approximately $1,267,000.

A number of other institutional investors have also recently modified their holdings of the business. Brown Brothers Harriman & Co. acquired a new stake in Signet Jewelers in the second quarter valued at $51,000. Hexagon Capital Partners LLC lifted 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 purchasing an additional 175 shares during the period. Blue Trust Inc. lifted 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 purchasing an additional 122 shares during the period. Rothschild Investment LLC purchased a new stake in Signet Jewelers during the second quarter worth about $180,000. Finally, Lazard Asset Management LLC grew 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 worth $183,000 after buying an additional 116 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Citigroup reaffirmed a “buy” rating and set a $119.00 price objective on shares of Signet Jewelers in a report on Friday, June 14th. Bank of America lowered their target price on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Telsey Advisory Group dropped their price target on Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating for the company in a research report on Monday, September 9th. Finally, StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Signet Jewelers has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Signet Jewelers Stock Up 1.5 %

NYSE SIG opened at $99.35 on Wednesday. Signet Jewelers Limited has a fifty-two week low of $65.12 and a fifty-two week high of $112.06. The business has a fifty day moving average of $82.51 and a 200-day moving average of $91.92. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 1.04 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $1.55 EPS. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. As a group, analysts anticipate that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.17%. Signet Jewelers’s dividend payout ratio (DPR) is currently 9.43%.

Insiders Place Their Bets

In other Signet Jewelers news, insider Mary Elizabeth Finn sold 3,763 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $92.32, for a total transaction of $347,400.16. Following the transaction, the insider now owns 43,058 shares of the company’s stock, valued at approximately $3,975,114.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Signet Jewelers news, insider Mary Elizabeth Finn sold 3,763 shares of Signet Jewelers stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $92.32, for a total value of $347,400.16. Following the completion of the sale, the insider now owns 43,058 shares in the company, valued at approximately $3,975,114.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Oded Edelman sold 9,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $74.55, for a total transaction of $670,950.00. Following the transaction, the insider now owns 28,398 shares in the company, valued at $2,117,070.90. The disclosure for this sale can be found here. In the last three months, insiders sold 50,202 shares of company stock valued at $4,151,769. 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.