Signet Jewelers Limited (NYSE:SIG) Stock Holdings Raised by Cerity Partners LLC

Cerity Partners LLC raised its position in shares of Signet Jewelers Limited (NYSE:SIG) by 52.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,875 shares of the company’s stock after buying an additional 4,747 shares during the quarter. Cerity Partners LLC’s holdings in Signet Jewelers were worth $1,431,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SIG. Khrom Capital Management LLC acquired a new stake in Signet Jewelers during the 2nd quarter valued at $58,357,000. Eminence Capital LP raised its stake in shares of Signet Jewelers by 71.3% in the 2nd quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock valued at $75,644,000 after acquiring an additional 351,588 shares in the last quarter. Select Equity Group L.P. raised its position in shares of Signet Jewelers by 2.9% in the second quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock valued at $622,562,000 after purchasing an additional 193,977 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Signet Jewelers by 6.7% in 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 during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Signet Jewelers by 6.5% during the 2nd quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company’s stock worth $185,347,000 after buying an additional 126,726 shares during the period.

Insiders Place Their Bets

In other Signet Jewelers news, insider Joan M. Hilson sold 8,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total value of $756,560.00. Following the transaction, the insider now directly owns 200,844 shares of the company’s stock, valued at approximately $18,993,817.08. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mary Elizabeth Finn sold 3,763 shares of Signet Jewelers stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $92.32, for a total value of $347,400.16. Following the transaction, the insider now directly owns 43,058 shares in the company, valued at approximately $3,975,114.56. The trade was a 8.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,957 shares of company stock worth $4,599,306. 3.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SIG has been the subject of several research reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $87.00 target price on shares of Signet Jewelers in a research report on Wednesday, November 27th. Bank of America cut their target price on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. UBS Group dropped their price objective on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Finally, Wells Fargo & Company upped their price objective 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.60.

Signet Jewelers Stock Performance

SIG stock opened at $98.31 on Wednesday. Signet Jewelers Limited has a 52 week low of $72.26 and a 52 week high of $112.06. The company’s 50-day simple moving average is $97.36 and its 200 day simple moving average is $91.58. The company has a market capitalization of $4.33 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.13 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last posted its quarterly 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 for the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter last year, the business posted $1.55 EPS. On average, analysts forecast that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.18%. The ex-dividend date was Friday, October 25th. Signet Jewelers’s payout ratio is presently 13.43%.

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.