Centiva Capital LP Purchases 6,766 Shares of Signet Jewelers Limited (NYSE:SIG)

Centiva Capital LP raised its position in Signet Jewelers Limited (NYSE:SIG) by 71.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,217 shares of the company’s stock after buying an additional 6,766 shares during the quarter. Centiva Capital LP’s holdings in Signet Jewelers were worth $1,673,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in Signet Jewelers by 4.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,791 shares of the company’s stock worth $3,682,000 after acquiring an additional 1,535 shares during the period. Tidal Investments LLC bought a new stake in shares of Signet Jewelers in the first quarter valued at approximately $293,000. Cetera Advisors LLC acquired a new stake in Signet Jewelers during the first quarter worth approximately $1,093,000. Hexagon Capital Partners LLC increased its stake in Signet Jewelers by 33.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after acquiring an additional 175 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Signet Jewelers by 43.1% in the 2nd quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock valued at $475,000 after acquiring an additional 1,600 shares in the last quarter.

Signet Jewelers Price Performance

SIG stock opened at $98.31 on Wednesday. Signet Jewelers Limited has a 1 year low of $72.26 and a 1 year high of $112.06. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 1.13 and a beta of 2.10. The company has a 50 day simple moving average of $97.36 and a 200 day simple moving average of $91.58.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Thursday, September 12th. The company reported $1.25 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 company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company earned $1.55 EPS. Signet Jewelers’s revenue was down 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Signet Jewelers Limited will post 10.8 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently announced 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 was Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 1.18%. Signet Jewelers’s dividend payout ratio is presently 13.43%.

Analysts Set New Price Targets

SIG has been the topic of a number of recent analyst reports. Bank of America decreased their price target on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Wells Fargo & Company raised their target price on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a report on Wednesday, November 27th. StockNews.com raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Finally, UBS Group cut their target price 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $109.60.

Insiders Place Their Bets

In other Signet Jewelers news, insider Rebecca Wooters sold 22,151 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total value of $2,192,949.00. Following the sale, the insider now owns 68,343 shares in the company, valued at approximately $6,765,957. The trade was a 24.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $99.63, for a total transaction of $332,066.79. Following the sale, the director now directly owns 26,085 shares of the company’s stock, valued at $2,598,848.55. This represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,957 shares of company stock valued at $4,599,306 in the last ninety days. 3.26% of the stock is currently owned by insiders.

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.