Nordea Investment Management AB Grows Position in Signet Jewelers Limited (NYSE:SIG)

Nordea Investment Management AB boosted its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 36.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,070 shares of the company’s stock after acquiring an additional 35,174 shares during the period. Nordea Investment Management AB’s holdings in Signet Jewelers were worth $10,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in SIG. TD Asset Management Inc boosted its stake in shares of Signet Jewelers by 21.5% during the second quarter. TD Asset Management Inc now owns 38,400 shares of the company’s stock valued at $3,440,000 after purchasing an additional 6,800 shares in the last quarter. Arizona State Retirement System boosted its position in Signet Jewelers by 2.3% during 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 in the last quarter. Choreo LLC purchased a new position in shares of Signet Jewelers in the 2nd quarter valued at $214,000. Texas Permanent School Fund Corp raised its position in shares of Signet Jewelers by 29.9% in the 2nd quarter. Texas Permanent School Fund Corp now owns 50,398 shares of the company’s stock worth $4,515,000 after acquiring an additional 11,612 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Signet Jewelers by 5.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 21,962 shares of the company’s stock worth $1,967,000 after purchasing an additional 1,100 shares during the last quarter.

Signet Jewelers Trading Down 3.3 %

Shares of Signet Jewelers stock opened at $74.53 on Thursday. The firm’s 50 day simple moving average is $89.68 and its two-hundred day simple moving average is $88.32. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.04 and a beta of 2.13. Signet Jewelers Limited has a 12-month low of $72.26 and a 12-month high of $112.06. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14.

Signet Jewelers (NYSE:SIG) last released 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 net margin of 8.57% and a return on equity of 28.69%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the company earned $0.24 earnings per share. Signet Jewelers’s revenue was down 3.1% on a year-over-year basis. Analysts predict that Signet Jewelers Limited will post 9.88 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, January 24th. Signet Jewelers’s dividend payout ratio (DPR) is 13.35%.

Insider Activity at Signet Jewelers

In related news, insider Mary Elizabeth Finn sold 4,237 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $100.10, for a total transaction of $424,123.70. Following the completion of the transaction, the insider now directly owns 38,821 shares in the company, valued at $3,885,982.10. The trade was a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Virginia Drosos sold 600 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $101.25, for a total value of $60,750.00. Following the sale, the chief executive officer now directly owns 728,220 shares in the company, valued at $73,732,275. This represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,170 shares of company stock worth $1,573,500 over the last quarter. Insiders own 3.26% of the company’s stock.

Analyst Upgrades and Downgrades

SIG has been the topic of several analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $87.00 target price on shares of Signet Jewelers in a research note on Thursday, December 5th. Bank of America cut their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. UBS Group reduced their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company raised their price objective on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.60.

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.