Creative Planning Buys 2,029 Shares of Signet Jewelers Limited (NYSE:SIG)

Creative Planning raised its holdings in Signet Jewelers Limited (NYSE:SIG) by 26.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,827 shares of the company’s stock after acquiring an additional 2,029 shares during the quarter. Creative Planning’s holdings in Signet Jewelers were worth $1,014,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in shares of Signet Jewelers during the 2nd quarter worth approximately $51,000. Hexagon Capital Partners LLC raised its holdings in Signet Jewelers by 33.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock valued at $63,000 after buying an additional 175 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Signet Jewelers by 15.3% in the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after purchasing an additional 122 shares during the last quarter. CWM LLC increased its stake in shares of Signet Jewelers by 177.3% in the third quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after buying an additional 734 shares during the period. Finally, Rothschild Investment LLC acquired a new stake in Signet Jewelers during the 2nd quarter worth about $180,000.

Signet Jewelers Stock Down 0.9 %

Shares of NYSE SIG opened at $91.68 on Friday. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.04 and a beta of 2.10. The firm’s fifty day moving average is $91.51 and its 200 day moving average is $91.70. Signet Jewelers Limited has a 52 week low of $67.18 and a 52 week high of $112.06.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data 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 net margin of 8.58% and a return on equity of 29.90%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business earned $1.55 EPS. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. Equities research analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.43%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Bank of America reduced their price objective 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. Wells Fargo & Company raised their target price on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Telsey Advisory Group reiterated a “market perform” rating and set a $87.00 price objective on shares of Signet Jewelers in a research note on Wednesday, October 2nd. StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, UBS Group dropped their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.60.

Insider Buying and Selling at Signet Jewelers

In related news, CEO Virginia Drosos sold 3,475 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $101.67, for a total value of $353,303.25. Following the transaction, the chief executive officer now directly owns 775,345 shares of the company’s stock, valued at approximately $78,829,326.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 completion of the transaction, the chief executive officer now directly owns 775,345 shares of the company’s stock, valued at $78,829,326.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joan M. Hilson sold 8,000 shares of Signet Jewelers stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $94.57, for a total value of $756,560.00. Following the completion of the sale, the insider now directly owns 200,844 shares of the company’s stock, valued at $18,993,817.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,957 shares of company stock worth $5,910,256. 3.26% of the stock is owned by insiders.

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.