Coronation Fund Managers Ltd. Has $3.98 Million Position in Signet Jewelers Limited (NYSE:SIG)

Coronation Fund Managers Ltd. raised its position in shares of Signet Jewelers Limited (NYSE:SIG) by 35.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 44,405 shares of the company’s stock after acquiring an additional 11,723 shares during the period. Coronation Fund Managers Ltd.’s holdings in Signet Jewelers were worth $3,978,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new stake in Signet Jewelers during the 2nd quarter valued at $51,000. Hexagon Capital Partners LLC raised its stake in Signet Jewelers by 33.4% during the 2nd 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. raised its stake in 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 purchasing an additional 122 shares during the period. Lazard Asset Management LLC raised its stake in Signet Jewelers by 6.8% during the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after purchasing an additional 116 shares during the period. Finally, Privium Fund Management UK Ltd acquired a new position in shares of Signet Jewelers in the fourth quarter worth $216,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SIG shares. Wells Fargo & Company dropped their price target on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 27th. Telsey Advisory Group dropped their price target on shares of Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating on the stock in a research note on Monday, September 9th. UBS Group decreased their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Finally, Citigroup reiterated a “buy” rating and issued a $119.00 price objective on shares of Signet Jewelers in a report on Friday, June 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Signet Jewelers presently has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Insider Activity at Signet Jewelers

In related news, CEO Virginia Drosos sold 3,475 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $101.67, for a total value of $353,303.25. Following the completion of the sale, the chief executive officer now owns 775,345 shares in the company, valued at $78,829,326.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Virginia Drosos sold 3,475 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $101.67, for a total value of $353,303.25. Following the completion of the transaction, the chief executive officer now owns 775,345 shares of the company’s stock, valued at $78,829,326.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eugenia Ulasewicz sold 3,334 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $87.94, for a total transaction of $293,191.96. Following the completion of the transaction, the director now directly owns 29,418 shares of the company’s stock, valued at approximately $2,587,018.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,828 shares of company stock worth $6,698,021. Company insiders own 3.26% of the company’s stock.

Signet Jewelers Price Performance

SIG stock opened at $94.98 on Wednesday. Signet Jewelers Limited has a 52-week low of $65.12 and a 52-week high of $112.06. The company has a 50-day moving average of $83.91 and a two-hundred day moving average of $91.98. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 1.14 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.11. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company earned $1.55 earnings per share. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. Equities analysts expect that Signet Jewelers Limited will post 10.8 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s payout ratio is presently 9.43%.

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.