US Bancorp DE Acquires 9,778 Shares of Signet Jewelers Limited (NYSE:SIG)

US Bancorp DE grew its position in shares of Signet Jewelers Limited (NYSE:SIG) by 99.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,598 shares of the company’s stock after purchasing an additional 9,778 shares during the period. US Bancorp DE’s holdings in Signet Jewelers were worth $1,582,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in shares of Signet Jewelers in the 3rd quarter valued at about $25,000. Erste Asset Management GmbH purchased a new position in Signet Jewelers during the 3rd quarter valued at about $77,000. KBC Group NV grew its holdings in shares of Signet Jewelers by 25.5% during the 3rd quarter. KBC Group NV now owns 1,293 shares of the company’s stock worth $133,000 after acquiring an additional 263 shares during the period. Raymond James Trust N.A. purchased a new position in shares of Signet Jewelers during the 3rd quarter worth approximately $207,000. Finally, Virtu Financial LLC purchased a new position in shares of Signet Jewelers during the 3rd quarter worth approximately $210,000.

Signet Jewelers Trading Up 0.3 %

Shares of SIG stock opened at $50.13 on Friday. The firm has a market capitalization of $2.18 billion, a PE ratio of 5.77, a PEG ratio of 3.43 and a beta of 2.20. The stock has a fifty day simple moving average of $59.94 and a two-hundred day simple moving average of $80.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. Signet Jewelers Limited has a 52-week low of $46.66 and a 52-week high of $112.06.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SIG. Wells Fargo & Company reduced their target price 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 target on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Telsey Advisory Group dropped their price target 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.20.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of the sale, the director now owns 22,752 shares of the company’s stock, valued at $1,231,565.76. This trade represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.26% of the stock is owned by insiders.

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.