Signet Jewelers Limited (NYSE:SIG) Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of Signet Jewelers Limited (NYSE:SIG) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 310,852 shares of the company’s stock after purchasing an additional 3,238 shares during the quarter. JPMorgan Chase & Co. owned about 0.71% of Signet Jewelers worth $32,061,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in Signet Jewelers during the third quarter valued at about $25,000. Brown Brothers Harriman & Co. acquired a new stake in Signet Jewelers in the 2nd quarter valued at about $51,000. Erste Asset Management GmbH bought a new position in shares of Signet Jewelers during the 3rd quarter valued at about $77,000. CWM LLC grew its stake in shares of Signet Jewelers by 177.3% in the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock worth $118,000 after purchasing an additional 734 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Signet Jewelers by 25.5% in the 3rd quarter. KBC Group NV now owns 1,293 shares of the company’s stock worth $133,000 after purchasing an additional 263 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SIG. Telsey Advisory Group restated a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a report on Thursday, December 5th. Wells Fargo & Company raised their price objective on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Bank of America cut 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. UBS Group decreased their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. 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 presently has an average rating of “Moderate Buy” and a consensus price target of $109.60.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $76.36 on Tuesday. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 8.79, a P/E/G ratio of 1.04 and a beta of 2.13. Signet Jewelers Limited has a 1-year low of $72.26 and a 1-year high of $112.06. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $90.37 and its 200-day simple moving average is $88.50.

Signet Jewelers (NYSE:SIG) last released its earnings results on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. On average, sell-side analysts predict that Signet Jewelers Limited will post 9.88 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 24th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, January 24th. Signet Jewelers’s dividend payout ratio (DPR) is currently 13.35%.

Insider Activity

In other news, insider Joan M. Hilson sold 8,000 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total transaction of $756,560.00. Following the transaction, the insider now owns 200,844 shares in the company, valued at $18,993,817.08. This represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mary Elizabeth Finn sold 4,237 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $100.10, for a total value of $424,123.70. Following the sale, the insider now owns 38,821 shares of the company’s stock, valued at approximately $3,885,982.10. This trade represents a 9.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,170 shares of company stock worth $1,573,500 in the last ninety days. Corporate insiders own 3.26% of the company’s stock.

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.