Signet Jewelers Limited (NYSE:SIG) Shares Sold by Algert Global LLC

Algert Global LLC cut its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 58.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,351 shares of the company’s stock after selling 10,519 shares during the period. Algert Global LLC’s holdings in Signet Jewelers were worth $659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Select Equity Group L.P. raised its stake in shares of Signet Jewelers by 2.9% during the 2nd quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock valued at $622,562,000 after buying an additional 193,977 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Signet Jewelers by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock worth $213,809,000 after acquiring an additional 149,934 shares during the period. Pacer Advisors Inc. raised its position in Signet Jewelers by 6.5% during the second quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company’s stock valued at $185,347,000 after acquiring an additional 126,726 shares in the last quarter. Eminence Capital LP lifted its holdings in Signet Jewelers by 71.3% in the second quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock valued at $75,644,000 after acquiring an additional 351,588 shares during the period. Finally, Anomaly Capital Management LP boosted its position in Signet Jewelers by 12.4% in the 2nd quarter. Anomaly Capital Management LP now owns 691,451 shares of the company’s stock worth $61,940,000 after purchasing an additional 76,534 shares in the last quarter.

Signet Jewelers Stock Up 2.9 %

SIG stock opened at $98.07 on Friday. Signet Jewelers Limited has a 52 week low of $65.12 and a 52 week high of $112.06. The firm has a 50-day simple moving average of $84.71 and a 200-day simple moving average of $92.00. The stock has a market capitalization of $4.32 billion, a P/E ratio of 7.97, a P/E/G ratio of 1.07 and a beta of 2.10.

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

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. Signet Jewelers’s payout ratio is currently 9.43%.

Insiders Place Their Bets

In other news, insider Mary Elizabeth Finn sold 8,000 shares of the 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 $4,766,137.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Jamie Singleton sold 18,105 shares of Signet Jewelers stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $83.11, for a total transaction of $1,504,706.55. Following the transaction, the insider now owns 162,942 shares in the company, valued at approximately $13,542,109.62. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mary Elizabeth Finn sold 8,000 shares of the company’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 sale, the insider now owns 54,821 shares of the company’s stock, valued at approximately $4,766,137.74. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,892 shares of company stock valued at $6,536,982 in the last 90 days. 3.26% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SIG shares. Wells Fargo & Company cut their target price 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. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup reissued a “buy” rating and set a $119.00 target price on shares of Signet Jewelers in a research note on Friday, June 14th. Telsey Advisory Group restated a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a research report on Wednesday. Finally, UBS Group reduced their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $108.60.

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.