Signet Jewelers Limited (NYSE:SIG) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. trimmed its stake in Signet Jewelers Limited (NYSE:SIG) by 89.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,770 shares of the company’s stock after selling 30,610 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Signet Jewelers were worth $389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Select Equity Group L.P. increased its position in 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Signet Jewelers by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock worth $213,809,000 after buying an additional 149,934 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Signet Jewelers by 6.5% in the second quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company’s stock valued at $185,347,000 after buying an additional 126,726 shares during the last quarter. Eminence Capital LP lifted its stake in shares of Signet Jewelers by 71.3% during the second quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock valued at $75,644,000 after buying an additional 351,588 shares during the period. Finally, Anomaly Capital Management LP boosted its position in Signet Jewelers by 12.4% during the second quarter. Anomaly Capital Management LP now owns 691,451 shares of the company’s stock worth $61,940,000 after acquiring an additional 76,534 shares during the last quarter.

Wall Street Analysts Forecast Growth

SIG has been the subject of several analyst reports. Wells Fargo & Company boosted their price target on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Bank of America dropped their target price on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. UBS Group dropped their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $87.00 target price on shares of Signet Jewelers in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus target price of $109.60.

Signet Jewelers Price Performance

Shares of NYSE:SIG opened at $102.60 on Monday. The business has a 50-day moving average of $96.62 and a two-hundred day moving average of $91.51. The firm has a market capitalization of $4.52 billion, a PE ratio of 11.88, a P/E/G ratio of 1.14 and a beta of 2.12. Signet Jewelers Limited has a 12 month low of $72.26 and a 12 month high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 EPS. As a group, research analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.13%. Signet Jewelers’s dividend payout ratio (DPR) is 13.43%.

Insider Activity at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $99.63, for a total value of $332,066.79. Following the completion of the sale, the director now owns 26,085 shares of the company’s stock, valued at $2,598,848.55. This represents a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mary Elizabeth Finn sold 3,763 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $92.32, for a total value of $347,400.16. Following the sale, the insider now owns 43,058 shares in the company, valued at approximately $3,975,114.56. The trade was a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 46,957 shares of company stock worth $4,599,306. Corporate insiders own 3.26% of the company’s stock.

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.