Texas Permanent School Fund Corp Has $4.52 Million Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

Texas Permanent School Fund Corp grew its holdings in Signet Jewelers Limited (NYSE:SIG) by 29.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,398 shares of the company’s stock after purchasing an additional 11,612 shares during the quarter. Texas Permanent School Fund Corp owned about 0.11% of Signet Jewelers worth $4,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in SIG. Norges Bank acquired a new position in shares of Signet Jewelers in the 4th quarter valued at about $52,976,000. Eminence Capital LP raised its stake in Signet Jewelers by 33.1% during the 4th quarter. Eminence Capital LP now owns 759,439 shares of the company’s stock worth $81,457,000 after buying an additional 189,019 shares during the period. Janus Henderson Group PLC raised its stake in Signet Jewelers by 38.2% during the 1st quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock worth $65,646,000 after buying an additional 181,207 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in Signet Jewelers by 16.4% during the 2nd 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 period. Finally, GAM Holding AG acquired a new position in Signet Jewelers during the 2nd quarter worth approximately $3,995,000.

Insider Activity

In other news, insider Joan M. Hilson sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $91.81, for a total value of $734,480.00. Following the completion of the transaction, the insider now directly owns 189,231 shares of the company’s stock, valued at $17,373,298.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Joan M. Hilson sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $91.81, for a total value of $734,480.00. Following the completion of the transaction, the insider now directly owns 189,231 shares of the company’s stock, valued at $17,373,298.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eugenia Ulasewicz sold 3,334 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $87.94, for a total value of $293,191.96. Following the completion of the transaction, the director now directly owns 29,418 shares of the company’s stock, valued at $2,587,018.92. The disclosure for this sale can be found here. Insiders sold a total of 57,439 shares of company stock valued at $4,809,869 over the last three months. Corporate insiders own 3.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 27th. UBS Group dropped their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Telsey Advisory Group dropped their price target on Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating on the stock in a research note on Monday, September 9th. Finally, Bank of America dropped their price target on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Signet Jewelers Stock Performance

Shares of SIG opened at $91.14 on Friday. The stock has a 50 day moving average price of $81.40 and a two-hundred day moving average price of $92.26. The firm has a market capitalization of $4.07 billion, a P/E ratio of 7.41, a P/E/G ratio of 0.85 and a beta of 2.10. Signet Jewelers Limited has a 52 week low of $65.12 and a 52 week high of $112.06.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a return on equity of 32.51% and a net margin of 10.91%. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 EPS. On average, equities analysts forecast that Signet Jewelers Limited will post 10.47 earnings per share for the current year.

Signet Jewelers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s dividend payout ratio is presently 9.43%.

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.