Signet Jewelers Limited (NYSE:SIG) Shares Purchased by Creative Planning

Creative Planning boosted its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 26.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,827 shares of the company’s stock after purchasing an additional 2,029 shares during the period. Creative Planning’s holdings in Signet Jewelers were worth $1,014,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Khrom Capital Management LLC acquired a new position in shares of Signet Jewelers during the second quarter worth $58,357,000. Eminence Capital LP boosted its position in Signet Jewelers by 71.3% during the 2nd quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock worth $75,644,000 after acquiring an additional 351,588 shares during the period. Select Equity Group L.P. lifted its stake in shares of Signet Jewelers by 2.9% in the 2nd quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock worth $622,562,000 after acquiring an additional 193,977 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Signet Jewelers by 38.2% in the first quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock valued at $65,646,000 after buying an additional 181,207 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Signet Jewelers by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock valued at $213,809,000 after purchasing an additional 149,934 shares during the last quarter.

Insider Activity

In related news, CEO Virginia Drosos sold 3,475 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total value of $353,303.25. Following the completion of the transaction, the chief executive officer now owns 775,345 shares in the company, valued at $78,829,326.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Signet Jewelers news, CEO Virginia Drosos sold 3,475 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $101.67, for a total transaction of $353,303.25. Following the completion of the sale, the chief executive officer now directly owns 775,345 shares of the company’s stock, valued at approximately $78,829,326.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Oded Edelman sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $74.55, for a total transaction of $670,950.00. Following the completion of the transaction, the insider now directly owns 28,398 shares in the company, valued at $2,117,070.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,957 shares of company stock valued at $5,910,256 over the last three months. 3.26% of the stock is owned by insiders.

Analysts Set New Price Targets

SIG has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Telsey Advisory Group reiterated a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a report on Wednesday, October 2nd. Wells Fargo & Company increased their target price on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Bank of America reduced their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.60.

Signet Jewelers Price Performance

SIG stock opened at $91.68 on Friday. The business has a fifty day moving average price of $91.51 and a 200 day moving average price of $91.70. Signet Jewelers Limited has a fifty-two week low of $67.18 and a fifty-two week high of $112.06. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 1.04 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last announced 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. The company had revenue of $1.49 billion for 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 for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.55 earnings per share. On average, equities analysts expect that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

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 dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.27%. Signet Jewelers’s payout ratio is 13.43%.

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.