American Century Companies Inc. Has $70.27 Million Stake in Signet Jewelers Limited (NYSE:SIG)

American Century Companies Inc. boosted its holdings in Signet Jewelers Limited (NYSE:SIG) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 784,403 shares of the company’s stock after purchasing an additional 566 shares during the period. American Century Companies Inc. owned about 1.76% of Signet Jewelers worth $70,267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Eminence Capital LP increased its position in shares of Signet Jewelers by 33.1% in the fourth quarter. Eminence Capital LP now owns 759,439 shares of the company’s stock valued at $81,457,000 after acquiring an additional 189,019 shares during the last quarter. Janus Henderson Group PLC boosted its position in Signet Jewelers by 38.2% during the first quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock valued at $65,646,000 after purchasing an additional 181,207 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Signet Jewelers by 16.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 527,145 shares of the company’s stock valued at $47,221,000 after buying an additional 74,380 shares in the last quarter. Norges Bank bought a new stake in Signet Jewelers during the fourth quarter worth $52,976,000. Finally, Principal Financial Group Inc. lifted its stake in Signet Jewelers by 8.6% in the first quarter. Principal Financial Group Inc. now owns 254,034 shares of the company’s stock valued at $25,421,000 after acquiring an additional 20,133 shares during the last quarter.

Insider Buying and Selling

In other news, Director Eugenia Ulasewicz sold 3,334 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $87.94, for a total transaction of $293,191.96. Following the completion of the sale, the director now directly owns 29,418 shares in the company, valued at approximately $2,587,018.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Signet Jewelers news, insider Mary Elizabeth Finn sold 8,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $80.00, for a total value of $640,000.00. Following the transaction, the insider now directly owns 46,821 shares of the company’s stock, valued at approximately $3,745,680. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eugenia Ulasewicz sold 3,334 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $87.94, for a total transaction of $293,191.96. Following the sale, the director now directly owns 29,418 shares of the company’s stock, valued at approximately $2,587,018.92. The disclosure for this sale can be found here. Insiders have sold 57,439 shares of company stock valued at $4,809,869 over the last 90 days. 3.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group dropped their target price on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday. Wells Fargo & Company dropped their price objective 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. Telsey Advisory Group reduced their target price on Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating for the company in a research note on Monday, September 9th. 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. Finally, StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Signet Jewelers Price Performance

Shares of NYSE SIG opened at $91.15 on Friday. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 7.41, a P/E/G ratio of 0.85 and a beta of 2.10. The stock’s fifty day moving average price is $81.40 and its two-hundred day moving average price is $92.16. Signet Jewelers Limited has a one year low of $65.12 and a one year high of $112.06.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.14 by $0.11. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company posted $1.55 earnings per share. Signet Jewelers’s revenue was down 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Signet Jewelers Limited will post 10.47 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s dividend payout ratio is currently 9.43%.

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.