Point72 Asia Singapore Pte. Ltd. Has $114,000 Stake in Signet Jewelers Limited (NYSE:SIG)

Point72 Asia Singapore Pte. Ltd. reduced its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 79.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,275 shares of the company’s stock after selling 5,078 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Signet Jewelers were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lazard Asset Management LLC grew its holdings in shares of Signet Jewelers by 6.8% in the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock worth $183,000 after purchasing an additional 116 shares during the last quarter. Blue Trust Inc. boosted its position in Signet Jewelers by 15.3% in 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. SummerHaven Investment Management LLC grew its stake in Signet Jewelers by 1.4% during the second quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock worth $932,000 after buying an additional 144 shares during the last quarter. Commerce Bank grew its stake in Signet Jewelers by 5.3% during the fourth quarter. Commerce Bank now owns 2,941 shares of the company’s stock worth $315,000 after buying an additional 148 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Signet Jewelers by 5.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock worth $303,000 after buying an additional 156 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, insider Mary Elizabeth Finn sold 8,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $86.94, for a total transaction of $695,520.00. Following the completion of the sale, the insider now directly owns 54,821 shares of the company’s stock, valued at approximately $4,766,137.74. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Mary Elizabeth Finn sold 8,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 54,821 shares of the company’s stock, valued at $4,766,137.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Eugenia Ulasewicz sold 3,334 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $87.94, for a total transaction of $293,191.96. Following the sale, the director now directly owns 29,418 shares in the company, valued at $2,587,018.92. The disclosure for this sale can be found here. Insiders have sold 75,828 shares of company stock worth $6,698,021 in the last 90 days. Corporate insiders own 3.26% of the company’s stock.

Signet Jewelers Stock Up 2.5 %

SIG stock opened at $100.97 on Friday. The business’s fifty day moving average is $83.35 and its 200-day moving average is $92.02. The company has a market cap of $4.45 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 1.13 and a beta of 2.10. Signet Jewelers Limited has a twelve month low of $65.12 and a twelve month high of $112.06.

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

Signet Jewelers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s dividend payout ratio is currently 9.43%.

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.