Pacer Advisors Inc. Increases Position in Signet Jewelers Limited (NYSE:SIG)

Pacer Advisors Inc. raised its position in shares of Signet Jewelers Limited (NYSE:SIG) by 6.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,069,071 shares of the company’s stock after purchasing an additional 126,726 shares during the period. Pacer Advisors Inc. owned approximately 4.64% of Signet Jewelers worth $185,347,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new position in shares of Signet Jewelers during the 2nd quarter valued at about $51,000. Hexagon Capital Partners LLC grew its position in Signet Jewelers by 33.4% during the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock valued at $63,000 after acquiring an additional 175 shares during the last quarter. Blue Trust Inc. grew its position 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 acquiring an additional 122 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Signet Jewelers during the second quarter worth approximately $180,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of Signet Jewelers by 6.8% in the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock worth $183,000 after acquiring an additional 116 shares during the last quarter.

Signet Jewelers Price Performance

NYSE SIG opened at $94.98 on Friday. Signet Jewelers Limited has a 1 year low of $65.12 and a 1 year high of $112.06. The stock has a market capitalization of $4.24 billion, a PE ratio of 7.72, a PEG ratio of 1.04 and a beta of 2.10. The business’s 50-day moving average is $82.07 and its 200 day moving average is $91.97.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period last year, the company earned $1.55 EPS. As a group, equities research analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.22%. Signet Jewelers’s dividend payout ratio is 9.43%.

Analyst Upgrades and Downgrades

SIG has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Bank of America decreased their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Telsey Advisory Group reduced their price target on Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating on the stock in a research report on Monday, September 9th. Finally, Citigroup reiterated a “buy” rating and issued a $119.00 price objective on shares of Signet Jewelers in a research report on Friday, June 14th. 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, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

Insider Activity

In related news, insider Rebecca Wooters sold 3,000 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $90.34, for a total value of $271,020.00. Following the completion of the transaction, the insider now directly owns 90,494 shares of the company’s stock, valued at $8,175,227.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Jamie Singleton sold 18,105 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $83.11, for a total value of $1,504,706.55. Following the sale, the insider now directly owns 162,942 shares of the company’s stock, valued at $13,542,109.62. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Rebecca Wooters sold 3,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $90.34, for a total value of $271,020.00. Following the transaction, the insider now directly owns 90,494 shares of the company’s stock, valued at approximately $8,175,227.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,202 shares of company stock valued at $4,422,789. 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.