Renaissance Technologies LLC Reduces Position in Signet Jewelers Limited (NYSE:SIG)

Renaissance Technologies LLC decreased its position in shares of Signet Jewelers Limited (NYSE:SIG) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 201,700 shares of the company’s stock after selling 12,348 shares during the period. Renaissance Technologies LLC owned 0.45% of Signet Jewelers worth $18,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SIG. Lazard Asset Management LLC increased 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 valued at $183,000 after acquiring an additional 116 shares during the period. Blue Trust Inc. increased its stake in Signet Jewelers by 15.3% in the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after purchasing an additional 122 shares during the period. SummerHaven Investment Management LLC raised its holdings in shares of Signet Jewelers by 1.4% in the second quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock valued at $932,000 after buying an additional 144 shares during the last quarter. Commerce Bank boosted its stake in shares of Signet Jewelers by 5.3% during the fourth quarter. Commerce Bank now owns 2,941 shares of the company’s stock worth $315,000 after buying an additional 148 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Signet Jewelers by 5.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock worth $303,000 after buying an additional 156 shares during the period.

Signet Jewelers Stock Down 2.2 %

Shares of SIG opened at $94.98 on Friday. Signet Jewelers Limited has a 52-week low of $65.12 and a 52-week high of $112.06. The company has a 50-day simple moving average of $82.07 and a 200-day simple moving average of $91.92. The company has a market capitalization of $4.24 billion, a PE ratio of 7.72, a P/E/G ratio of 1.04 and a beta of 2.10.

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

Signet Jewelers Dividend Announcement

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

Wall Street Analysts Forecast Growth

SIG has been the subject of several analyst reports. Citigroup reaffirmed a “buy” rating and set a $119.00 price objective on shares of Signet Jewelers in a research note on Friday, June 14th. StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Telsey Advisory Group dropped their price objective on shares of 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. UBS Group reduced their target price on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company dropped their price target on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 27th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently 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 sale, the insider now directly owns 90,494 shares of the company’s stock, valued at approximately $8,175,227.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Signet Jewelers news, insider Rebecca Wooters sold 3,000 shares of the company’s 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 sale, the insider now owns 90,494 shares of the company’s stock, valued at $8,175,227.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jamie Singleton sold 18,105 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $83.11, for a total transaction of $1,504,706.55. Following the transaction, the insider now directly owns 162,942 shares of the company’s stock, valued at $13,542,109.62. The disclosure for this sale can be found here. Insiders sold a total of 53,202 shares of company stock worth $4,422,789 over the last 90 days. 3.26% of the stock is currently owned by corporate insiders.

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.