Charles Schwab Investment Management Inc. Raises Stake in Signet Jewelers Limited (NYSE:SIG)

Charles Schwab Investment Management Inc. lifted its stake in Signet Jewelers Limited (NYSE:SIG) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 676,289 shares of the company’s stock after acquiring an additional 6,393 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.56% of Signet Jewelers worth $54,583,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Signet Jewelers by 149.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock worth $57,000 after buying an additional 421 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Signet Jewelers in the 3rd quarter worth approximately $77,000. KBC Group NV lifted its stake in Signet Jewelers by 25.5% during the 3rd quarter. KBC Group NV now owns 1,293 shares of the company’s stock valued at $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 valued at approximately $207,000. Finally, Virtu Financial LLC purchased a new stake in Signet Jewelers in the 3rd quarter worth $210,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Telsey Advisory Group lowered their price target on shares of Signet Jewelers from $65.00 to $55.00 and set a “market perform” rating on the stock in a research report on Thursday. StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Wells Fargo & Company decreased their price target on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Finally, Bank of America dropped their price target on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.20.

Insider Transactions at Signet Jewelers

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction of $180,415.29. Following the completion of the transaction, the director now owns 22,752 shares in the company, valued at $1,231,565.76. This trade represents a 12.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.26% of the stock is currently owned by corporate insiders.

Signet Jewelers Trading Down 4.4 %

Shares of SIG stock opened at $46.27 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. The firm has a market capitalization of $2.01 billion, a PE ratio of 5.32, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20. The stock has a fifty day moving average of $57.97 and a two-hundred day moving average of $79.84. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $112.06.

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.