Anomaly Capital Management LP Has $61.94 Million Stock Position in Signet Jewelers Limited (NYSE:SIG)

Anomaly Capital Management LP increased its position in shares of Signet Jewelers Limited (NYSE:SIG) by 12.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 691,451 shares of the company’s stock after acquiring an additional 76,534 shares during the quarter. Signet Jewelers comprises about 2.4% of Anomaly Capital Management LP’s investment portfolio, making the stock its 18th largest position. Anomaly Capital Management LP’s holdings in Signet Jewelers were worth $61,940,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new position in Signet Jewelers in the second quarter valued at approximately $51,000. Hexagon Capital Partners LLC boosted its position in shares of Signet Jewelers by 33.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after purchasing an additional 175 shares during the last quarter. Blue Trust Inc. boosted its position 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 during the last quarter. Rothschild Investment LLC acquired a new stake in shares of Signet Jewelers during the second quarter worth $180,000. Finally, Lazard Asset Management LLC increased its holdings in Signet Jewelers by 6.8% in the first quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after purchasing an additional 116 shares during the last quarter.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $94.98 on Monday. Signet Jewelers Limited has a 52 week low of $65.12 and a 52 week high of $112.06. The company’s 50 day moving average price is $82.07 and its two-hundred day moving average price is $91.90. The company has a market capitalization of $4.24 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 1.04 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period last year, the business posted $1.55 earnings per share. Analysts forecast that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.22%. Signet Jewelers’s dividend payout ratio (DPR) is 9.43%.

Wall Street Analysts Forecast Growth

SIG has been the topic of a number of recent analyst reports. StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a report on Monday, September 16th. UBS Group reduced their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Wells Fargo & Company lowered their target price on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, August 27th. Telsey Advisory Group reduced their price target on shares of Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating on the stock in a research report on Monday, September 9th. Finally, Citigroup reissued a “buy” rating and issued a $119.00 price target on shares of Signet Jewelers in a report on Friday, June 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Insider Transactions at Signet Jewelers

In related news, insider Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $86.94, for a total value of $695,520.00. Following the sale, the insider now owns 54,821 shares of the company’s stock, valued at approximately $4,766,137.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Eugenia Ulasewicz sold 3,334 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $87.94, for a total transaction of $293,191.96. Following the completion of the transaction, the director now directly owns 29,418 shares in the company, valued at approximately $2,587,018.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $86.94, for a total value of $695,520.00. Following the completion of the sale, the insider now directly owns 54,821 shares in the company, valued at approximately $4,766,137.74. The disclosure for this sale can be found here. Insiders sold 50,202 shares of company stock valued at $4,151,769 over the last three months. Company insiders own 3.26% of the company’s stock.

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.