New York State Teachers Retirement System Decreases Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

New York State Teachers Retirement System lowered its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 67,799 shares of the company’s stock after selling 501 shares during the quarter. New York State Teachers Retirement System owned 0.16% of Signet Jewelers worth $5,472,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in Signet Jewelers in the 3rd quarter valued at $25,000. Erste Asset Management GmbH purchased a new stake in shares of Signet Jewelers during the 3rd quarter worth $77,000. CWM LLC raised its stake in Signet Jewelers by 177.3% in the third quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after buying an additional 734 shares during the last quarter. KBC Group NV raised its stake in Signet Jewelers by 25.5% in the third quarter. KBC Group NV now owns 1,293 shares of the company’s stock valued at $133,000 after buying an additional 263 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in Signet Jewelers in the third quarter valued at about $207,000.

Signet Jewelers Trading Down 3.0 %

Shares of NYSE SIG opened at $54.03 on Friday. Signet Jewelers Limited has a twelve month low of $52.09 and a twelve month 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 has a fifty day simple moving average of $66.78 and a 200-day simple moving average of $82.37. The stock has a market capitalization of $2.35 billion, a PE ratio of 6.22, a PEG ratio of 3.55 and a beta of 2.11.

Signet Jewelers (NYSE:SIG) last released its earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. On average, equities analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 2.15%. The ex-dividend date is Friday, January 24th. Signet Jewelers’s dividend payout ratio is presently 13.35%.

Analysts Set New Price Targets

SIG has been the topic of a number of research reports. Wells Fargo & Company cut their price objective on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Bank of America dropped their price objective on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Telsey Advisory Group decreased their target price on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.20.

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.