Thrivent Financial for Lutherans cut its holdings in Signet Jewelers Limited (NYSE:SIG - Free Report) by 23.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,733 shares of the company's stock after selling 47,269 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.35% of Signet Jewelers worth $15,959,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SIG. Harbor Capital Advisors Inc. bought a new stake in shares of Signet Jewelers in the 3rd quarter valued at about $25,000. Brown Brothers Harriman & Co. bought a new position in Signet Jewelers in the second quarter worth approximately $51,000. Hexagon Capital Partners LLC lifted its holdings in Signet Jewelers by 33.4% during the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company's stock worth $63,000 after buying an additional 175 shares during the period. Blue Trust Inc. boosted its position in Signet Jewelers by 15.3% during the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company's stock valued at $82,000 after acquiring an additional 122 shares in the last quarter. Finally, CWM LLC raised its position in shares of Signet Jewelers by 177.3% in the 3rd quarter. CWM LLC now owns 1,148 shares of the company's stock worth $118,000 after acquiring an additional 734 shares in the last quarter.
In other news, insider Joan M. Hilson sold 8,000 shares of the 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 sale, the insider now owns 200,844 shares in the company, valued at $18,993,817.08. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eugenia Ulasewicz sold 3,333 shares of the business's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $99.63, for a total transaction of $332,066.79. Following the transaction, the director now owns 26,085 shares of the company's stock, valued at $2,598,848.55. This represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,957 shares of company stock valued at $5,239,306. 3.26% of the stock is owned by insiders.
A number of equities research analysts recently weighed in on SIG shares. Bank of America dropped their price objective 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. Telsey Advisory Group reiterated a "market perform" rating and set a $87.00 price objective on shares of Signet Jewelers in a research note on Wednesday, October 2nd. StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $109.60.
Get Our Latest Stock Analysis on Signet Jewelers
Shares of Signet Jewelers stock opened at $96.66 on Thursday. The firm's 50 day simple moving average is $96.13 and its two-hundred day simple moving average is $91.48. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 11.19, a PEG 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.
Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.11. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $1.55 earnings per share. The business's quarterly revenue was down 7.6% compared to the same quarter last year. On average, sell-side analysts predict that Signet Jewelers Limited will post 10.8 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 1.20%. Signet Jewelers's dividend payout ratio (DPR) is presently 13.43%.
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.
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