Thrivent Financial for Lutherans Lowers Stock Position in Signet Jewelers Limited (NYSE:SIG)

Thrivent Financial for Lutherans decreased its position in Signet Jewelers Limited (NYSE:SIG) by 23.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,733 shares of the company’s stock after selling 47,269 shares during the period. Thrivent Financial for Lutherans’ holdings in Signet Jewelers were worth $15,959,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Ritholtz Wealth Management grew its position in shares of Signet Jewelers by 4.9% during the 3rd quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock valued at $254,000 after acquiring an additional 115 shares during the period. Lazard Asset Management LLC increased its position in shares of 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 buying an additional 116 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Signet Jewelers by 15.3% during the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after buying an additional 122 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of Signet Jewelers by 1.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock valued at $932,000 after buying an additional 144 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted 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 buying an additional 175 shares in the last quarter.

Insider Activity at Signet Jewelers

In related news, CEO Virginia Drosos sold 600 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $101.25, for a total value of $60,750.00. Following the completion of the transaction, the chief executive officer now directly owns 728,220 shares in the company, valued at approximately $73,732,275. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rebecca Wooters sold 22,151 shares of Signet Jewelers stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $99.00, for a total value of $2,192,949.00. Following the completion of the sale, the insider now owns 68,343 shares in the company, valued at $6,765,957. This represents a 24.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,957 shares of company stock valued at $5,239,306. 3.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on SIG. Wells Fargo & Company upped their price objective on shares of Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Bank of America decreased their price target on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Telsey Advisory Group reissued a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a report on Wednesday, October 2nd. Finally, UBS Group lowered their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Signet Jewelers currently has an average rating of “Moderate Buy” and an average price target of $109.60.

Signet Jewelers Trading Up 2.2 %

Shares of NYSE SIG opened at $96.66 on Thursday. The company has a 50-day moving average of $96.13 and a 200 day moving average of $91.48. Signet Jewelers Limited has a 12-month low of $72.26 and a 12-month high of $112.06. The stock has a market cap of $4.26 billion, a PE ratio of 11.19, a P/E/G ratio of 1.10 and a beta of 2.12.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.25 earnings per share (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 business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business earned $1.55 earnings per share. The business’s revenue was down 7.6% compared to the same quarter last year. On average, sell-side analysts forecast that Signet Jewelers Limited will post 10.8 EPS for the current fiscal 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 given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. Signet Jewelers’s payout ratio is 13.43%.

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.