Signet Jewelers Limited (NYSE:SIG) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its stake in Signet Jewelers Limited (NYSE:SIG) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,061 shares of the company’s stock after selling 1,199 shares during the period. Sanctuary Advisors LLC’s holdings in Signet Jewelers were worth $2,668,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in Signet Jewelers in the 3rd quarter valued at about $25,000. Erste Asset Management GmbH acquired a new position in Signet Jewelers in the 3rd quarter valued at about $77,000. CWM LLC increased its position in Signet Jewelers by 177.3% in the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after acquiring an additional 734 shares during the period. KBC Group NV increased its position in Signet Jewelers by 25.5% in the 3rd quarter. KBC Group NV now owns 1,293 shares of the company’s stock valued at $133,000 after acquiring an additional 263 shares during the period. Finally, Raymond James Trust N.A. acquired a new position in Signet Jewelers during the 3rd quarter worth approximately $207,000.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Bank of America dropped their target price on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Telsey Advisory Group dropped their target price on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company dropped their target price on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus target price of $95.20.

Signet Jewelers Stock Performance

SIG opened at $52.60 on Friday. The stock has a market cap of $2.29 billion, a P/E ratio of 6.05, a P/E/G ratio of 3.43 and a beta of 2.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The stock’s 50 day simple moving average is $66.15 and its 200 day simple moving average is $82.25. Signet Jewelers Limited has a 1-year low of $52.09 and a 1-year high of $112.06.

Signet Jewelers (NYSE:SIG) last released 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). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. As a group, equities analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, January 24th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Friday, January 24th. Signet Jewelers’s dividend payout ratio is currently 13.35%.

Insider Buying and Selling

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the sale, the director now owns 22,752 shares in the company, valued at $1,231,565.76. This represents a 12.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.