Blueshift Asset Management LLC Acquires New Position in Signet Jewelers Limited (NYSE:SIG)

Blueshift Asset Management LLC bought a new position in shares of Signet Jewelers Limited (NYSE:SIG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,662 shares of the company’s stock, valued at approximately $2,853,000. Signet Jewelers accounts for 0.7% of Blueshift Asset Management LLC’s portfolio, making the stock its 24th largest holding. Blueshift Asset Management LLC owned 0.06% of Signet Jewelers at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bridgewater Associates LP lifted its position in shares of Signet Jewelers by 37.9% in the third quarter. Bridgewater Associates LP now owns 31,331 shares of the company’s stock valued at $3,231,000 after acquiring an additional 8,611 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Signet Jewelers by 11.1% during the third quarter. BNP Paribas Financial Markets now owns 40,661 shares of the company’s stock worth $4,194,000 after purchasing an additional 4,065 shares in the last quarter. Quantbot Technologies LP bought a new stake in Signet Jewelers during the 3rd quarter valued at approximately $481,000. Cerity Partners LLC lifted its holdings in Signet Jewelers by 52.0% in the 3rd quarter. Cerity Partners LLC now owns 13,875 shares of the company’s stock worth $1,431,000 after purchasing an additional 4,747 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in Signet Jewelers by 72.4% in the 3rd quarter. Citigroup Inc. now owns 56,758 shares of the company’s stock worth $5,854,000 after purchasing an additional 23,836 shares during the period.

Analysts Set New Price Targets

Several equities analysts have recently commented on SIG shares. Wells Fargo & Company boosted 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. UBS Group decreased their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $87.00 target price on shares of Signet Jewelers in a report on Wednesday, October 2nd. Finally, Bank of America dropped their price target on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus price target of $109.60.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, CEO Virginia Drosos sold 3,475 shares of Signet Jewelers stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $101.67, for a total transaction of $353,303.25. Following the completion of the sale, the chief executive officer now owns 775,345 shares of the company’s stock, valued at approximately $78,829,326.15. The trade was a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mary Elizabeth Finn sold 3,763 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $92.32, for a total value of $347,400.16. Following the sale, the insider now 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. Insiders sold a total of 46,957 shares of company stock worth $4,599,306 over the last three months. Corporate insiders own 3.26% of the company’s stock.

Signet Jewelers Stock Down 2.0 %

SIG stock opened at $102.09 on Wednesday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.18 and a beta of 2.12. Signet Jewelers Limited has a twelve month low of $72.26 and a twelve month high of $112.06. The business’s fifty day simple moving average is $96.86 and its two-hundred day simple moving average is $91.57.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $1.55 earnings per share. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. Research analysts expect that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, October 25th. Signet Jewelers’s payout ratio is 13.43%.

Signet Jewelers 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.