Natixis Advisors LLC Increases Stake in Signet Jewelers Limited (NYSE:SIG)

Natixis Advisors LLC raised its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 6.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 105,855 shares of the company’s stock after acquiring an additional 6,771 shares during the period. Natixis Advisors LLC’s holdings in Signet Jewelers were worth $9,482,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in Signet Jewelers by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,323,982 shares of the company’s stock valued at $249,272,000 after buying an additional 51,397 shares in the last quarter. Eminence Capital LP grew its holdings in Signet Jewelers by 33.1% during the 4th quarter. Eminence Capital LP now owns 759,439 shares of the company’s stock valued at $81,457,000 after buying an additional 189,019 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Signet Jewelers by 38.2% during the 1st quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock valued at $65,646,000 after buying an additional 181,207 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Signet Jewelers by 16.4% during the 2nd 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 in the last quarter. Finally, Norges Bank purchased a new stake in Signet Jewelers during the 4th quarter valued at approximately $52,976,000.

Insiders Place Their Bets

In other Signet Jewelers news, insider Joan M. Hilson sold 8,000 shares of Signet Jewelers stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $91.81, for a total transaction of $734,480.00. Following the completion of the transaction, the insider now directly owns 189,231 shares of the company’s stock, valued at $17,373,298.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Signet Jewelers news, insider Joan M. Hilson sold 8,000 shares of Signet Jewelers stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $91.81, for a total transaction of $734,480.00. Following the completion of the transaction, the insider now directly owns 189,231 shares of the company’s stock, valued at $17,373,298.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Oded Edelman sold 9,000 shares of Signet Jewelers stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $74.55, for a total value of $670,950.00. Following the sale, the insider now owns 28,398 shares of the company’s stock, valued at $2,117,070.90. The disclosure for this sale can be found here. Insiders sold 57,439 shares of company stock valued at $4,809,869 over the last three months. 3.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

SIG has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price objective on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, August 27th. Citigroup reissued a “buy” rating and issued a $119.00 target price on shares of Signet Jewelers in a report on Friday, June 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $105.00 target price on shares of Signet Jewelers in a report on Wednesday, July 24th. Finally, StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus price target of $116.20.

Signet Jewelers Stock Performance

SIG stock opened at $77.60 on Friday. The firm has a fifty day moving average price of $82.27 and a 200 day moving average price of $93.29. The firm has a market cap of $3.46 billion, a PE ratio of 6.31, a price-to-earnings-growth ratio of 0.90 and a beta of 2.11. Signet Jewelers Limited has a fifty-two week low of $65.12 and a fifty-two week high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, June 13th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.82 by $0.29. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. Signet Jewelers’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 earnings per share. On average, equities analysts predict that Signet Jewelers Limited will post 10.6 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.49%. The ex-dividend date was Friday, July 26th. Signet Jewelers’s payout ratio is 9.43%.

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.