Mutual of America Capital Management LLC Decreases Stake in Signet Jewelers Limited (NYSE:SIG)

Mutual of America Capital Management LLC cut its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 8.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,709 shares of the company’s stock after selling 631 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Signet Jewelers were worth $692,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SIG. Harbor Capital Advisors Inc. acquired a new stake in shares of Signet Jewelers in the third quarter worth approximately $25,000. Brown Brothers Harriman & Co. purchased a new position in Signet Jewelers in the 2nd quarter valued at $51,000. Hexagon Capital Partners LLC boosted its stake in Signet Jewelers by 33.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after purchasing an additional 175 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Signet Jewelers by 15.3% during the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after buying an additional 122 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Signet Jewelers by 177.3% during the third quarter. CWM LLC now owns 1,148 shares of the company’s stock worth $118,000 after buying an additional 734 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have commented 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. UBS Group cut their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Wells Fargo & Company boosted their price objective on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $87.00 target price on shares of Signet Jewelers in a research note on Wednesday, October 2nd. Finally, Bank of America lowered their price target on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.60.

Insider Activity

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the company’s 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 directly owns 26,085 shares of the company’s stock, valued at $2,598,848.55. This represents a 11.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Virginia Drosos sold 3,475 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $101.67, for a total value of $353,303.25. Following the transaction, the chief executive officer now owns 775,345 shares in the company, valued at $78,829,326.15. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,957 shares of company stock worth $4,599,306. 3.26% of the stock is currently owned by corporate insiders.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $102.09 on Wednesday. Signet Jewelers Limited has a fifty-two week low of $72.26 and a fifty-two week high of $112.06. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 1.16 and a beta of 2.12. The stock’s fifty day moving average is $96.86 and its two-hundred day moving average is $91.57.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business earned $1.55 earnings per share. Signet Jewelers’s revenue was down 7.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Signet Jewelers Limited will post 10.8 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, October 25th. Signet Jewelers’s payout ratio is 13.43%.

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.