Promethos Capital LLC Grows Holdings in Signet Jewelers Limited (NYSE:SIG)

Promethos Capital LLC raised its position in shares of Signet Jewelers Limited (NYSE:SIG) by 119.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,356 shares of the company’s stock after purchasing an additional 16,510 shares during the quarter. Promethos Capital LLC owned 0.07% of Signet Jewelers worth $2,719,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new position in shares of Signet Jewelers in the second quarter worth $51,000. Hexagon Capital Partners LLC lifted its position in shares of Signet Jewelers by 33.4% in 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 in the last quarter. Blue Trust Inc. boosted its stake in Signet Jewelers by 15.3% during the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after buying an additional 122 shares during the last quarter. Rothschild Investment LLC bought a new position in Signet Jewelers during the second quarter valued at approximately $180,000. Finally, Lazard Asset Management LLC grew its holdings in Signet Jewelers by 6.8% during the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after buying an additional 116 shares in the last quarter.

Signet Jewelers Price Performance

Signet Jewelers stock opened at $97.16 on Friday. Signet Jewelers Limited has a 1-year low of $65.12 and a 1-year high of $112.06. The company’s 50-day moving average is $81.79 and its 200 day moving average is $91.96. The firm has a market capitalization of $4.33 billion, a P/E ratio of 7.90, a price-to-earnings-growth ratio of 1.04 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.14 by $0.11. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. Signet Jewelers’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.55 EPS. Research analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.19%. Signet Jewelers’s dividend payout ratio is currently 9.43%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SIG. Telsey Advisory Group cut their target price on shares of Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating for the company in a report on Monday, September 9th. Bank of America reduced their target price on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Wells Fargo & Company lowered their price target on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, August 27th. StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Monday. Finally, UBS Group lowered their price objective on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $108.60.

Insiders Place Their Bets

In other Signet Jewelers news, insider Oded Edelman sold 9,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $74.55, for a total value of $670,950.00. Following the completion of the sale, the insider now directly owns 28,398 shares in the company, valued at approximately $2,117,070.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Signet Jewelers news, insider Mary Elizabeth Finn sold 3,763 shares of the company’s stock in a transaction on Monday, September 16th. The stock was 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 in the company, valued at $3,975,114.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Oded Edelman sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $74.55, for a total value of $670,950.00. Following the sale, the insider now directly owns 28,398 shares in the company, valued at approximately $2,117,070.90. The disclosure for this sale can be found here. Insiders have sold 53,202 shares of company stock worth $4,422,789 in the last three months. Corporate insiders own 3.26% of the company’s stock.

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.