Signet Jewelers Limited (NYSE:SIG) Stake Boosted by KBC Group NV

KBC Group NV increased its position in shares of Signet Jewelers Limited (NYSE:SIG) by 25.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,293 shares of the company’s stock after acquiring an additional 263 shares during the period. KBC Group NV’s holdings in Signet Jewelers were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Signet Jewelers during the 3rd quarter valued at about $25,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Signet Jewelers in the 2nd quarter valued at $51,000. Hexagon Capital Partners LLC raised its holdings in Signet Jewelers by 33.4% during the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock valued at $63,000 after buying an additional 175 shares in the last quarter. Blue Trust Inc. raised its holdings in Signet Jewelers by 15.3% during the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after buying an additional 122 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Signet Jewelers by 177.3% in the third quarter. CWM LLC now owns 1,148 shares of the company’s stock worth $118,000 after buying an additional 734 shares during the last quarter.

Signet Jewelers Trading Up 3.2 %

Shares of NYSE SIG opened at $99.77 on Friday. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 1.07 and a beta of 2.12. Signet Jewelers Limited has a one year low of $72.26 and a one year high of $112.06. The business has a fifty day simple moving average of $96.39 and a 200 day simple moving average of $91.53.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data 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 net margin of 8.58% and a return on equity of 29.90%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the company posted $1.55 EPS. The business’s revenue was down 7.6% on a year-over-year basis. On average, research analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal 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 given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.16%. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.43%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SIG. 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 research note on Wednesday, October 23rd. Bank of America cut their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. UBS Group lowered their target price on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Telsey Advisory Group reiterated a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a report on Wednesday, October 2nd. Finally, StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.60.

Insider Activity at Signet Jewelers

In other news, insider Mary Elizabeth Finn sold 3,763 shares of Signet Jewelers stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $92.32, for a total value of $347,400.16. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal 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 stock was sold at an average price of $99.63, for a total value of $332,066.79. Following the sale, the director now owns 26,085 shares in the company, valued at approximately $2,598,848.55. This trade represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,957 shares of company stock valued at $4,599,306 in the last 90 days. 3.26% of the stock is owned by corporate 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.