Vaughan Nelson Investment Management L.P. Sells 183,830 Shares of Signet Jewelers Limited (NYSE:SIG)

Vaughan Nelson Investment Management L.P. cut its position in Signet Jewelers Limited (NYSE:SIG) by 34.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 343,315 shares of the company’s stock after selling 183,830 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Signet Jewelers were worth $35,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Khrom Capital Management LLC bought a new stake in shares of Signet Jewelers in the second quarter valued at about $58,357,000. Eminence Capital LP boosted its holdings in Signet Jewelers by 71.3% in the 2nd quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock valued at $75,644,000 after purchasing an additional 351,588 shares during the period. Select Equity Group L.P. grew its position 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 worth $622,562,000 after purchasing an additional 193,977 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Signet Jewelers by 38.2% during the first quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock worth $65,646,000 after purchasing an additional 181,207 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Signet Jewelers by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock valued at $213,809,000 after buying an additional 149,934 shares in the last quarter.

Wall Street Analyst Weigh In

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

Signet Jewelers Stock Down 0.5 %

Signet Jewelers stock opened at $97.16 on Friday. The stock has a market cap of $4.28 billion, a PE ratio of 11.25, a P/E/G ratio of 1.10 and a beta of 2.12. Signet Jewelers Limited has a 12-month low of $72.26 and a 12-month high of $112.06. The business’s 50-day moving average price is $95.01 and its two-hundred day moving average price is $91.49.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.11. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.55 EPS. As a group, 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. Investors of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s dividend payout ratio (DPR) is 13.43%.

Insider Activity at Signet Jewelers

In related news, CEO Virginia Drosos sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 owns 728,220 shares in the company, valued at $73,732,275. This trade represents a 0.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rebecca Wooters sold 22,151 shares of Signet Jewelers stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the sale, the insider now owns 68,343 shares in the company, valued at approximately $6,765,957. This represents a 24.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,957 shares of company stock valued at $5,239,306 in the last 90 days. 3.26% of the stock is owned by corporate insiders.

Signet Jewelers Company 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.