Raymond James & Associates Sells 557 Shares of Signet Jewelers Limited (NYSE:SIG)

Raymond James & Associates reduced its stake in Signet Jewelers Limited (NYSE:SIG) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,390 shares of the company’s stock after selling 557 shares during the period. Raymond James & Associates owned 0.12% of Signet Jewelers worth $5,507,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SIG. Allspring Global Investments Holdings LLC raised its stake in shares of Signet Jewelers by 9.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,680 shares of the company’s stock valued at $268,000 after purchasing an additional 229 shares during the period. Nordea Investment Management AB increased its position 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 acquiring an additional 15,376 shares during the last quarter. Empowered Funds LLC increased its position in shares of Signet Jewelers by 7.5% in the first quarter. Empowered Funds LLC now owns 71,918 shares of the company’s stock valued at $7,197,000 after acquiring an additional 4,989 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of 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 last quarter. Finally, Swiss National Bank increased its position in shares of Signet Jewelers by 4.0% in the first quarter. Swiss National Bank now owns 87,500 shares of the company’s stock valued at $8,756,000 after acquiring an additional 3,400 shares during the last quarter.

Signet Jewelers Stock Up 0.4 %

NYSE SIG opened at $92.04 on Friday. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 1.05 and a beta of 2.10. The stock has a fifty day simple moving average of $92.02 and a 200 day simple moving average of $91.68. Signet Jewelers Limited has a twelve month low of $68.15 and a twelve month high of $112.06.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.11. The business had revenue of $1.49 billion for 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 business’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 earnings per share. Research 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 declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.26%. Signet Jewelers’s payout ratio is currently 13.43%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a report on Tuesday. 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. Bank of America reduced their price target on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Finally, UBS Group reduced their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.60.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $99.63, for a total value of $332,066.79. Following the completion of the transaction, the director now directly owns 26,085 shares of the company’s stock, valued at $2,598,848.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Signet Jewelers news, insider Joan M. Hilson sold 8,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total value of $756,560.00. Following the transaction, the insider now owns 200,844 shares in the company, valued at approximately $18,993,817.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $99.63, for a total transaction of $332,066.79. Following the completion of the transaction, the director now directly owns 26,085 shares of the company’s stock, valued at approximately $2,598,848.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,957 shares of company stock worth $5,910,256 in the last quarter. 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.