Victory Capital Management Inc. Buys 15,726 Shares of Signet Jewelers Limited (NYSE:SIG)

Victory Capital Management Inc. boosted its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 48.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,341 shares of the company’s stock after acquiring an additional 15,726 shares during the quarter. Victory Capital Management Inc. owned about 0.11% of Signet Jewelers worth $3,902,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SIG. Atria Investments Inc bought a new position in shares of Signet Jewelers during the third quarter valued at approximately $254,000. Aigen Investment Management LP bought a new position in shares of Signet Jewelers during the third quarter valued at approximately $255,000. KBC Group NV grew its stake in shares of Signet Jewelers by 25.5% during 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. Royce & Associates LP grew its stake in shares of Signet Jewelers by 5.9% during the third quarter. Royce & Associates LP now owns 192,721 shares of the company’s stock valued at $19,877,000 after buying an additional 10,750 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Signet Jewelers by 11.2% during the third quarter. Empowered Funds LLC now owns 88,162 shares of the company’s stock valued at $9,093,000 after buying an additional 8,880 shares during the last quarter.

Insiders Place Their Bets

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction 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 sale, the director now owns 22,752 shares in the company, valued at $1,231,565.76. This represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.26% of the stock is owned by company insiders.

Signet Jewelers Stock Up 3.3 %

Signet Jewelers stock opened at $47.96 on Friday. The business has a fifty day moving average of $56.75 and a two-hundred day moving average of $79.34. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The firm has a market cap of $2.09 billion, a P/E ratio of 5.52, a P/E/G ratio of 3.43 and a beta of 2.20. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $112.06.

Analyst Upgrades and Downgrades

SIG has been the topic of a number of analyst reports. Telsey Advisory Group cut their target price on Signet Jewelers from $65.00 to $55.00 and set a “market perform” rating on the stock in a research note on Thursday. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Wells Fargo & Company dropped their price objective on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Finally, 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 research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $93.20.

Signet Jewelers Company 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.