Harber Asset Management LLC Has $2.60 Million Position in Signet Jewelers Limited (NYSE:SIG)

Harber Asset Management LLC lessened its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 53.8% in the third quarter, Holdings Channel.com reports. The fund owned 25,192 shares of the company’s stock after selling 29,365 shares during the quarter. Harber Asset Management LLC’s holdings in Signet Jewelers were worth $2,598,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC increased its stake in Signet Jewelers by 17.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 109,380 shares of the company’s stock valued at $11,281,000 after acquiring an additional 16,090 shares during the last quarter. HighTower Advisors LLC bought a new position in Signet Jewelers in the 3rd quarter worth about $225,000. Centiva Capital LP raised its holdings in shares of Signet Jewelers by 71.6% during the 3rd quarter. Centiva Capital LP now owns 16,217 shares of the company’s stock valued at $1,673,000 after buying an additional 6,766 shares in the last quarter. Erste Asset Management GmbH purchased a new position in Signet Jewelers in the 3rd quarter worth approximately $77,000. Finally, Maverick Capital Ltd. bought a new stake in shares of Signet Jewelers during the third quarter valued at approximately $334,000.

Signet Jewelers Stock Down 0.7 %

SIG opened at $99.45 on Tuesday. The stock has a market cap of $4.38 billion, a PE ratio of 11.51, a PEG ratio of 1.14 and a beta of 2.10. The business has a 50 day moving average of $97.33 and a 200-day moving average of $91.59. Signet Jewelers Limited has a 52 week low of $72.26 and a 52 week high of $112.06.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.11. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. Signet Jewelers’s quarterly revenue was down 7.6% on a year-over-year basis. Equities analysts anticipate 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. Shareholders of record on Friday, October 25th were issued a $0.29 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.17%. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.43%.

Insider Transactions at Signet Jewelers

In other news, CEO Virginia Drosos sold 3,475 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 775,345 shares in the company, valued at $78,829,326.15. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rebecca Wooters sold 22,151 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the sale, the insider now directly owns 68,343 shares of the company’s stock, valued at approximately $6,765,957. This represents a 24.48 % decrease in their ownership of the stock. 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 in the last ninety days. Corporate insiders own 3.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Telsey Advisory Group reaffirmed 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 decreased their target price on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Bank of America cut their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Finally, Wells Fargo & Company increased their target price on shares of Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.60.

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.