Mackenzie Financial Corp Has $3.65 Million Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

Mackenzie Financial Corp grew its holdings in Signet Jewelers Limited (NYSE:SIG) by 75.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,705 shares of the company’s stock after acquiring an additional 17,509 shares during the period. Mackenzie Financial Corp owned 0.09% of Signet Jewelers worth $3,646,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new stake in Signet Jewelers in the second quarter worth $51,000. Hexagon Capital Partners LLC increased its position in Signet Jewelers by 33.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after buying an additional 175 shares during the period. Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 122 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Signet Jewelers in the second quarter worth $180,000. Finally, Lazard Asset Management LLC increased its position in Signet Jewelers by 6.8% during the first 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 period.

Wall Street Analyst Weigh In

Several research firms have issued reports on SIG. UBS Group decreased their price target 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 target price on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Citigroup reaffirmed a “buy” rating and issued a $119.00 price target on shares of Signet Jewelers in a report on Friday, June 14th. Telsey Advisory Group decreased their price objective on Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating on the stock in a report on Monday, September 9th. Finally, Wells Fargo & Company cut their target price on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Signet Jewelers Stock Down 7.9 %

Shares of SIG opened at $94.98 on Wednesday. The company has a 50-day moving average price of $83.91 and a two-hundred day moving average price of $91.98. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 7.72, a P/E/G ratio of 1.13 and a beta of 2.10. Signet Jewelers Limited has a 12 month low of $65.12 and a 12 month high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.14 by $0.11. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company earned $1.55 EPS. Signet Jewelers’s revenue was down 7.6% on a year-over-year basis. Equities research analysts expect that Signet Jewelers Limited will post 10.8 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

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

Insider Transactions at Signet Jewelers

In other news, insider Rebecca Wooters sold 22,151 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total value of $2,192,949.00. Following the transaction, the insider now directly owns 68,343 shares of the company’s stock, valued at approximately $6,765,957. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Eugenia Ulasewicz sold 3,334 shares of Signet Jewelers stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $87.94, for a total value of $293,191.96. Following the completion of the transaction, the director now directly owns 29,418 shares of the company’s stock, valued at $2,587,018.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rebecca Wooters sold 22,151 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the sale, the insider now directly owns 68,343 shares in the company, valued at approximately $6,765,957. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,828 shares of company stock valued at $6,698,021. Corporate insiders own 3.26% of the company’s stock.

Signet Jewelers 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.