Bank of Montreal Can Buys 2,660 Shares of Signet Jewelers Limited (NYSE:SIG)

Bank of Montreal Can boosted its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 40.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,274 shares of the company’s stock after purchasing an additional 2,660 shares during the quarter. Bank of Montreal Can’s holdings in Signet Jewelers were worth $831,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SIG. Nordea Investment Management AB raised its stake in shares of Signet Jewelers by 25.0% in the first quarter. Nordea Investment Management AB now owns 76,951 shares of the company’s stock valued at $7,627,000 after purchasing an additional 15,376 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Signet Jewelers during the 1st quarter worth about $1,093,000. Illinois Municipal Retirement Fund increased its stake in Signet Jewelers by 97.3% in the first quarter. Illinois Municipal Retirement Fund now owns 45,593 shares of the company’s stock valued at $4,562,000 after acquiring an additional 22,482 shares during the period. Boston Partners acquired a new position in Signet Jewelers in the first quarter worth about $1,088,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in Signet Jewelers by 209.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 25,092 shares of the company’s stock worth $2,511,000 after purchasing an additional 16,990 shares during the period.

Analyst Upgrades and Downgrades

SIG has been the topic of several analyst reports. Wells Fargo & Company lowered their price objective on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 27th. Bank of America dropped their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $87.00 target price on shares of Signet Jewelers in a report on Wednesday, October 2nd. Citigroup reiterated a “buy” rating and set a $119.00 price target on shares of Signet Jewelers in a research report on Friday, June 14th. Finally, UBS Group lowered their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $108.60.

Insider Buying and Selling at Signet Jewelers

In related news, insider Oded Edelman sold 1,398 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $94.53, for a total transaction of $132,152.94. Following the transaction, the insider now directly owns 32,666 shares in the company, valued at approximately $3,087,916.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $80.00, for a total value of $640,000.00. Following the completion of the sale, the insider now directly owns 46,821 shares in the company, valued at approximately $3,745,680. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Oded Edelman sold 1,398 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $94.53, for a total transaction of $132,152.94. Following the sale, the insider now directly owns 32,666 shares of the company’s stock, valued at approximately $3,087,916.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,892 shares of company stock worth $6,536,982. Corporate insiders own 3.26% of the company’s stock.

Signet Jewelers Stock Up 0.6 %

Signet Jewelers stock opened at $98.69 on Tuesday. The business’s 50-day simple moving average is $84.99 and its 200 day simple moving average is $92.00. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 8.02, a P/E/G ratio of 1.07 and a beta of 2.10. Signet Jewelers Limited has a 12-month low of $67.18 and a 12-month high of $112.06.

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 the consensus estimate of $1.14 by $0.11. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm earned $1.55 EPS. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. As a group, sell-side analysts expect that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Announces Dividend

The company also recently declared 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. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s dividend payout ratio is 9.43%.

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.