Swiss National Bank Decreases Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

Swiss National Bank lowered its stake in Signet Jewelers Limited (NYSE:SIG) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,100 shares of the company’s stock after selling 400 shares during the quarter. Swiss National Bank’s holdings in Signet Jewelers were worth $8,983,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SIG. Harbor Capital Advisors Inc. bought a new stake in Signet Jewelers during the third quarter valued at approximately $25,000. Brown Brothers Harriman & Co. purchased a new position in shares of Signet Jewelers during the 2nd quarter worth $51,000. Hexagon Capital Partners LLC grew its position in shares of Signet Jewelers by 33.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock valued at $63,000 after acquiring an additional 175 shares during the period. Blue Trust Inc. increased its stake in shares of Signet Jewelers by 15.3% in the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after purchasing an additional 122 shares in the last quarter. Finally, CWM LLC raised its holdings in Signet Jewelers by 177.3% in the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock worth $118,000 after purchasing an additional 734 shares during the period.

Signet Jewelers Stock Performance

NYSE SIG opened at $102.60 on Monday. Signet Jewelers Limited has a one year low of $72.26 and a one year high of $112.06. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.14 and a beta of 2.12. The company’s 50-day simple moving average is $96.62 and its two-hundred day simple moving average is $91.51.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 EPS. Equities analysts expect that Signet Jewelers Limited will post 10.8 earnings per share 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 of this dividend was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.13%. Signet Jewelers’s dividend payout ratio is presently 13.43%.

Insider Activity

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $99.63, for a total value of $332,066.79. Following the completion of the sale, the director now owns 26,085 shares of the company’s stock, valued at approximately $2,598,848.55. The trade was a 11.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Virginia Drosos sold 3,475 shares of the company’s 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 transaction, the chief executive officer now owns 775,345 shares of the company’s stock, valued at approximately $78,829,326.15. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,957 shares of company stock valued at $4,599,306 in the last quarter. 3.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. UBS Group decreased their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Wells Fargo & Company upped their price target on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note 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 report on Wednesday, October 2nd. Finally, Bank of America dropped their target price on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $109.60.

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.