Anomaly Capital Management LP Has $61.94 Million Stock Position in Signet Jewelers Limited (NYSE:SIG)

Anomaly Capital Management LP raised its position in Signet Jewelers Limited (NYSE:SIG) by 12.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 691,451 shares of the company’s stock after purchasing an additional 76,534 shares during the quarter. Signet Jewelers makes up approximately 2.4% of Anomaly Capital Management LP’s holdings, making the stock its 18th biggest position. Anomaly Capital Management LP owned about 1.55% of Signet Jewelers worth $61,940,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Signet Jewelers by 6.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock valued at $213,809,000 after acquiring an additional 149,934 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Signet Jewelers by 6.5% in the second quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company’s stock valued at $185,347,000 after purchasing an additional 126,726 shares during the period. Eminence Capital LP lifted its stake 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 worth $81,457,000 after buying an additional 189,019 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of 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. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Signet Jewelers by 16.4% in the 2nd 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 during the last quarter.

Insider Activity

In related news, insider Mary Elizabeth Finn sold 3,763 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 43,058 shares in the company, valued at approximately $3,975,114.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Oded Edelman sold 9,000 shares of the firm’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 $2,117,070.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mary Elizabeth Finn sold 3,763 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $92.32, for a total transaction of $347,400.16. Following the transaction, the insider now owns 43,058 shares in the company, valued at approximately $3,975,114.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,202 shares of company stock worth $4,151,769. Insiders own 3.26% of the company’s stock.

Analysts Set New Price Targets

SIG has been the subject of a number of research analyst reports. 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 research report on Monday, September 9th. Citigroup restated a “buy” rating and set a $119.00 price objective on shares of Signet Jewelers in a research report on Friday, June 14th. Wells Fargo & Company reduced their target price on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, August 27th. Bank of America lowered their price target 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. Finally, StockNews.com raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Two investment 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 company has an average rating of “Moderate Buy” and a consensus target price of $108.60.

Signet Jewelers Price Performance

Shares of SIG stock opened at $94.98 on Monday. The stock’s fifty day simple moving average is $82.07 and its 200 day simple moving average is $91.90. Signet Jewelers Limited has a one year low of $65.12 and a one year high of $112.06. The firm has a market cap of $4.24 billion, a price-to-earnings 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 quarterly earnings data 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 return on equity of 29.90% and a net margin of 8.58%. The business’s revenue was down 7.6% on a year-over-year basis. During the same period last year, the business earned $1.55 earnings per share. On average, research analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Announces Dividend

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