Cwm LLC Has $118,000 Stock Position in Signet Jewelers Limited (NYSE:SIG)

Cwm LLC boosted its stake in Signet Jewelers Limited (NYSE:SIG) by 177.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,148 shares of the company’s stock after purchasing an additional 734 shares during the quarter. Cwm LLC’s holdings in Signet Jewelers were worth $118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SIG. Lazard Asset Management LLC lifted its stake 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 purchasing an additional 116 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Signet Jewelers by 15.3% during the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after buying an additional 122 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Signet Jewelers by 1.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock worth $932,000 after buying an additional 144 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Signet Jewelers by 5.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock valued at $303,000 after buying an additional 156 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its position in 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 acquiring an additional 175 shares during the last quarter.

Insider Activity at Signet Jewelers

In related news, CEO Virginia Drosos sold 3,475 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total transaction of $353,303.25. Following the transaction, the chief executive officer now owns 775,345 shares in the company, valued at $78,829,326.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Oded Edelman sold 9,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $74.55, for a total transaction of $670,950.00. Following the transaction, the insider now directly owns 28,398 shares in the company, valued at approximately $2,117,070.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Virginia Drosos sold 3,475 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 775,345 shares of the company’s stock, valued at approximately $78,829,326.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,957 shares of company stock worth $5,910,256 over the last quarter. Company insiders own 3.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on SIG shares. UBS Group dropped their target price 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. Wells Fargo & Company increased their price objective on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Telsey Advisory Group reiterated a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a report on Wednesday, October 2nd. Finally, Bank of America cut their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Signet Jewelers presently has an average rating of “Moderate Buy” and an average price target of $109.60.

Signet Jewelers Stock Performance

SIG stock opened at $91.87 on Friday. The company has a market capitalization of $4.05 billion, a P/E ratio of 10.63, a PEG ratio of 1.08 and a beta of 2.10. The company has a fifty day moving average price of $90.60 and a 200-day moving average price of $91.89. Signet Jewelers Limited has a 52-week low of $67.18 and a 52-week high of $112.06.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.11. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. Signet Jewelers’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period last year, the company earned $1.55 EPS. As a group, sell-side analysts forecast 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 will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.26%. Signet Jewelers’s dividend payout ratio (DPR) is currently 13.43%.

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.