State Street Corp Has $181.12 Million Stock Position in Signet Jewelers Limited (NYSE:SIG)

State Street Corp grew its stake in Signet Jewelers Limited (NYSE:SIG) by 1.0% in the third quarter, HoldingsChannel reports. The fund owned 1,756,075 shares of the company’s stock after acquiring an additional 16,912 shares during the period. State Street Corp’s holdings in Signet Jewelers were worth $181,122,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in Signet Jewelers by 43.1% in the second quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock valued at $475,000 after buying an additional 1,600 shares during the period. Blue Trust Inc. increased its holdings in Signet Jewelers by 15.3% in the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after purchasing an additional 122 shares during the last quarter. Raymond James & Associates lifted its stake in Signet Jewelers by 46.1% in the second quarter. Raymond James & Associates now owns 53,947 shares of the company’s stock valued at $4,833,000 after buying an additional 17,030 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Signet Jewelers by 16.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 527,145 shares of the company’s stock worth $47,221,000 after buying an additional 74,380 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew 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 worth $932,000 after buying an additional 144 shares during the period.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SIG. UBS Group reduced their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Wells Fargo & Company lifted their price objective on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Bank of America reduced their price target on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Telsey Advisory Group restated a “market perform” rating and issued a $87.00 price target on shares of Signet Jewelers in a report on Thursday, December 5th. Finally, StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.60.

Signet Jewelers Price Performance

Shares of NYSE SIG opened at $85.08 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average price is $95.96 and its two-hundred day moving average price is $91.12. The company has a market cap of $3.75 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 1.13 and a beta of 2.10. Signet Jewelers Limited has a twelve month low of $72.26 and a twelve month high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the company posted $0.24 EPS. The firm’s revenue was down 3.1% on a year-over-year basis. On average, analysts predict that Signet Jewelers Limited will post 9.9 EPS for the current year.

Signet Jewelers Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, January 24th. Signet Jewelers’s payout ratio is 13.35%.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, CEO Virginia Drosos sold 3,475 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total transaction of $353,303.25. Following the transaction, the chief executive officer now owns 775,345 shares in the company, valued at $78,829,326.15. This represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mary Elizabeth Finn sold 3,763 shares of Signet Jewelers stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $92.32, for a total transaction of $347,400.16. Following the completion of the sale, the insider now owns 43,058 shares of the company’s stock, valued at approximately $3,975,114.56. The trade was a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,957 shares of company stock worth $4,599,306. Insiders own 3.26% of the company’s stock.

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.