Signet Jewelers Limited (NYSE:SIG) Shares Bought by Citigroup Inc.

Citigroup Inc. boosted its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 72.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,758 shares of the company’s stock after purchasing an additional 23,836 shares during the quarter. Citigroup Inc.’s holdings in Signet Jewelers were worth $5,854,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SIG. Harbor Capital Advisors Inc. purchased a new stake in Signet Jewelers in the 3rd quarter valued at $25,000. Brown Brothers Harriman & Co. acquired a new stake in Signet Jewelers in the second quarter valued at approximately $51,000. Hexagon Capital Partners LLC raised its stake 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 buying an additional 175 shares in the last quarter. Blue Trust Inc. increased its stake in 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 last quarter. Finally, CWM LLC grew its holdings in shares of Signet Jewelers by 177.3% during the third quarter. CWM LLC now owns 1,148 shares of the company’s stock worth $118,000 after purchasing an additional 734 shares during the last quarter.

Insider Activity at Signet Jewelers

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were 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 in the company, valued at approximately $2,598,848.55. This represents a 11.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mary Elizabeth Finn sold 3,763 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $92.32, for a total transaction of $347,400.16. Following the completion of the transaction, the insider now owns 43,058 shares in the company, valued at approximately $3,975,114.56. This represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,957 shares of company stock valued at $4,599,306 over the last ninety days. Insiders own 3.26% of the company’s stock.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock opened at $100.20 on Monday. Signet Jewelers Limited has a 1 year low of $72.26 and a 1 year high of $112.06. The firm’s 50-day simple moving average is $97.33 and its 200-day simple moving average is $91.67. The firm has a market cap of $4.41 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 1.14 and a beta of 2.12.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping 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 analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. Signet Jewelers’s quarterly revenue was down 7.6% on a year-over-year basis. On average, equities analysts predict that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, October 25th. Signet Jewelers’s dividend payout ratio is currently 13.43%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SIG. Bank of America decreased their target price on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. Wells Fargo & Company raised their price target on shares of Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Telsey Advisory Group restated a “market perform” rating and set a $87.00 price objective on shares of Signet Jewelers in a report on Wednesday, November 27th. UBS Group lowered their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Finally, StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.60.

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.