Brown Brothers Harriman & Co. Invests $51,000 in Signet Jewelers Limited (NYSE:SIG)

Brown Brothers Harriman & Co. purchased a new stake in shares of Signet Jewelers Limited (NYSE:SIG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 570 shares of the company’s stock, valued at approximately $51,000.

A number of other large investors have also added to or reduced their stakes in the stock. Eminence Capital LP increased its stake in shares of Signet Jewelers by 33.1% during the 4th quarter. Eminence Capital LP now owns 759,439 shares of the company’s stock worth $81,457,000 after purchasing an additional 189,019 shares during the last quarter. Janus Henderson Group PLC increased its position in Signet Jewelers by 38.2% in the first quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock worth $65,646,000 after buying an additional 181,207 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Signet Jewelers by 16.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 527,145 shares of the company’s stock valued at $47,221,000 after buying an additional 74,380 shares during the period. Norges Bank purchased a new position in shares of Signet Jewelers during the 4th quarter valued at $52,976,000. Finally, Principal Financial Group Inc. grew its stake in shares of Signet Jewelers by 8.6% during the 1st quarter. Principal Financial Group Inc. now owns 254,034 shares of the company’s stock worth $25,421,000 after acquiring an additional 20,133 shares during the period.

Insider Buying and Selling at Signet Jewelers

In related news, insider Rebecca Wooters sold 3,000 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $90.34, for a total value of $271,020.00. Following the transaction, the insider now owns 90,494 shares of the company’s stock, valued at $8,175,227.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Eugenia Ulasewicz sold 3,334 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $87.94, for a total value of $293,191.96. Following the completion of the sale, the director now directly owns 29,418 shares in the company, valued at approximately $2,587,018.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Rebecca Wooters sold 3,000 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $90.34, for a total transaction of $271,020.00. Following the transaction, the insider now directly owns 90,494 shares in the company, valued at approximately $8,175,227.96. The disclosure for this sale can be found here. Insiders sold a total of 53,202 shares of company stock worth $4,422,789 over the last three months. 3.26% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a report on Monday. Wells Fargo & Company dropped their price target on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 27th. Telsey Advisory Group reduced their price objective on shares of Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating for the company in a research note on Monday, September 9th. Bank of America dropped their target price 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. Finally, UBS Group reduced 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

Signet Jewelers Price Performance

SIG opened at $97.16 on Friday. Signet Jewelers Limited has a one year low of $65.12 and a one year high of $112.06. The firm has a market capitalization of $4.33 billion, a P/E ratio of 7.90, a price-to-earnings-growth ratio of 0.95 and a beta of 2.10. The company has a fifty day moving average price of $81.79 and a 200-day moving average price of $91.96.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping 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 business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the business earned $1.55 earnings per share. The firm’s revenue was down 7.6% on a year-over-year basis. On average, analysts expect that Signet Jewelers Limited will post 10.47 earnings per share for the current year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s dividend payout ratio is currently 9.43%.

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.