Franklin Resources Inc. Has $3.33 Million Holdings in Signet Jewelers Limited (NYSE:SIG)

Franklin Resources Inc. grew its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,122 shares of the company’s stock after acquiring an additional 288 shares during the quarter. Franklin Resources Inc. owned 0.08% of Signet Jewelers worth $3,330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SIG. Ritholtz Wealth Management increased its holdings in Signet Jewelers by 4.9% in the 3rd quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock worth $254,000 after purchasing an additional 115 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Signet Jewelers in the third quarter valued at approximately $25,000. Cetera Investment Advisers boosted its position in Signet Jewelers by 2.2% during the 2nd quarter. Cetera Investment Advisers now owns 11,793 shares of the company’s stock worth $1,056,000 after buying an additional 257 shares during the period. KBC Group NV grew its holdings in Signet Jewelers by 25.5% during the 3rd quarter. KBC Group NV now owns 1,293 shares of the company’s stock worth $133,000 after acquiring an additional 263 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Signet Jewelers by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 12,458 shares of the company’s stock valued at $1,116,000 after acquiring an additional 279 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a report on Thursday, December 5th. Bank of America reduced their price target on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Wells Fargo & Company increased their price target on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group reduced 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. Finally, StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $109.60.

Insider Activity

In related news, insider Joan M. Hilson sold 8,000 shares of Signet Jewelers stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total value of $756,560.00. Following the completion of the sale, the insider now owns 200,844 shares of the company’s stock, valued at approximately $18,993,817.08. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Oded Edelman sold 1,398 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $94.53, for a total transaction of $132,152.94. Following the completion of the transaction, the insider now directly owns 32,666 shares in the company, valued at $3,087,916.98. This trade represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,568 shares of company stock worth $1,705,653 over the last quarter. 3.26% of the stock is currently owned by corporate insiders.

Signet Jewelers Price Performance

Shares of SIG opened at $81.21 on Thursday. The firm has a market cap of $3.53 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 1.04 and a beta of 2.10. Signet Jewelers Limited has a 52-week low of $72.26 and a 52-week high of $112.06. The business’s 50 day moving average price is $92.90 and its two-hundred day moving average price is $89.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that Signet Jewelers Limited will post 9.88 EPS for the current year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 24th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.16 dividend on an annualized basis and a yield of 1.43%. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.35%.

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.