Victory Capital Management Inc. Has $3.36 Million Holdings in Signet Jewelers Limited (NYSE:SIG)

Victory Capital Management Inc. lessened its stake in Signet Jewelers Limited (NYSE:SIG) by 94.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,615 shares of the company’s stock after selling 563,453 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Signet Jewelers worth $3,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its stake in shares of Signet Jewelers by 4.9% in the 3rd quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock valued at $254,000 after purchasing an additional 115 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Signet Jewelers by 6.8% in the first quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after purchasing an additional 116 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Signet Jewelers by 15.3% in the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after purchasing an additional 122 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Signet Jewelers by 1.4% in the second quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock valued at $932,000 after purchasing an additional 144 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in shares of Signet Jewelers by 33.4% in the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock valued at $63,000 after purchasing an additional 175 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SIG shares. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Wells Fargo & Company upped their price objective on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Bank of America reduced their target price on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. UBS Group reduced their target price on shares of 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, Telsey Advisory Group reaffirmed a “market perform” rating and set a $87.00 price objective on shares of Signet Jewelers in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and an average target price of $109.60.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, insider Rebecca Wooters sold 22,151 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the completion of the sale, the insider now owns 68,343 shares of the company’s stock, valued at approximately $6,765,957. This represents a 24.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $99.63, for a total value of $332,066.79. Following the transaction, the director now owns 26,085 shares in the company, valued at $2,598,848.55. The trade was a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,957 shares of company stock valued at $4,599,306. 3.26% of the stock is currently owned by company insiders.

Signet Jewelers Trading Up 2.4 %

Shares of NYSE SIG opened at $102.60 on Friday. The stock has a 50-day moving average price of $96.62 and a two-hundred day moving average price of $91.54. Signet Jewelers Limited has a 12 month low of $72.26 and a 12 month high of $112.06. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.14 and a beta of 2.12.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.11. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. The firm’s revenue was down 7.6% compared to the same quarter last year. On average, sell-side analysts predict that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Friday, October 25th. Signet Jewelers’s dividend payout ratio is presently 13.43%.

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.