Nordea Investment Management AB Boosts Holdings in Signet Jewelers Limited (NYSE:SIG)

Nordea Investment Management AB raised its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 36.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,070 shares of the company’s stock after buying an additional 35,174 shares during the quarter. Nordea Investment Management AB owned about 0.30% of Signet Jewelers worth $10,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SIG. Khrom Capital Management LLC purchased a new position in Signet Jewelers during the second quarter valued at $58,357,000. Eminence Capital LP boosted its holdings in shares of Signet Jewelers by 71.3% during the 2nd quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock valued at $75,644,000 after purchasing an additional 351,588 shares during the last quarter. Select Equity Group L.P. grew its position in shares of Signet Jewelers by 2.9% during 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 149,934 shares during the last quarter. Finally, Pacer Advisors Inc. lifted 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 worth $185,347,000 after buying an additional 126,726 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have issued reports on SIG. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Wells Fargo & Company upped their price target on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Telsey Advisory Group reissued a “market perform” rating and issued a $87.00 price objective on shares of Signet Jewelers in a research note on Thursday, December 5th. Bank of America decreased their target price on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Finally, UBS Group dropped their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Signet Jewelers has an average rating of “Moderate Buy” and a consensus target price of $109.60.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, CEO Virginia Drosos sold 600 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $101.25, for a total value of $60,750.00. Following the transaction, the chief executive officer now directly owns 728,220 shares in the company, valued at $73,732,275. This represents a 0.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eugenia Ulasewicz sold 3,333 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $99.63, for a total transaction of $332,066.79. Following the transaction, the director now directly owns 26,085 shares in the company, valued at approximately $2,598,848.55. This trade represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,170 shares of company stock worth $1,573,500. 3.26% of the stock is currently owned by insiders.

Signet Jewelers Trading Down 3.3 %

Shares of SIG opened at $74.53 on Thursday. Signet Jewelers Limited has a twelve month low of $72.26 and a twelve month high of $112.06. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The company’s fifty day simple moving average is $89.68 and its 200-day simple moving average is $88.32. The company has a market cap of $3.24 billion, a P/E ratio of 8.58, a P/E/G ratio of 1.04 and a beta of 2.13.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share. As a group, analysts expect that Signet Jewelers Limited will post 9.88 EPS for the current year.

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 24th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, January 24th. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.35%.

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.