Cerity Partners LLC Increases Holdings in Signet Jewelers Limited (NYSE:SIG)

Cerity Partners LLC raised its position in Signet Jewelers Limited (NYSE:SIG) by 52.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,875 shares of the company’s stock after purchasing an additional 4,747 shares during the quarter. Cerity Partners LLC’s holdings in Signet Jewelers were worth $1,431,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in shares of Signet Jewelers in the 3rd quarter valued at about $25,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Signet Jewelers in the 2nd quarter worth approximately $51,000. Hexagon Capital Partners LLC increased its stake in shares of Signet Jewelers by 33.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after purchasing an additional 175 shares in the last quarter. Blue Trust Inc. increased its position in Signet Jewelers by 15.3% during the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after purchasing an additional 122 shares in the last quarter. Finally, CWM LLC lifted its holdings in Signet Jewelers by 177.3% in the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after purchasing an additional 734 shares in the last quarter.

Insiders Place Their Bets

In other Signet Jewelers news, insider Mary Elizabeth Finn sold 3,763 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $92.32, for a total value of $347,400.16. Following the completion of the sale, the insider now directly owns 43,058 shares of the company’s stock, valued at $3,975,114.56. This trade represents a 8.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Virginia Drosos sold 3,475 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 775,345 shares in the company, valued at approximately $78,829,326.15. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,957 shares of company stock worth $4,599,306 in the last three months. Corporate insiders own 3.26% of the company’s stock.

Analyst Upgrades and Downgrades

SIG has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Telsey Advisory Group restated a “market perform” rating and set a $87.00 price objective on shares of Signet Jewelers in a report on Wednesday, November 27th. UBS Group lowered their price objective on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Bank of America decreased 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. Finally, StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus target price of $109.60.

Signet Jewelers Stock Performance

Shares of NYSE SIG opened at $98.31 on Wednesday. The stock has a market cap of $4.33 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 1.13 and a beta of 2.10. The firm has a 50 day moving average price of $97.36 and a two-hundred day moving average price of $91.58. Signet Jewelers Limited has a 52-week low of $72.26 and a 52-week high of $112.06.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.11. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. Signet Jewelers’s revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 earnings per share. Analysts predict that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a $0.29 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. Signet Jewelers’s payout ratio is presently 13.43%.

About Signet Jewelers

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.