Signet Jewelers Limited (NYSE:SIG) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC lowered its holdings in Signet Jewelers Limited (NYSE:SIG) by 27.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,694 shares of the company’s stock after selling 36,197 shares during the period. Verition Fund Management LLC owned about 0.22% of Signet Jewelers worth $10,076,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SIG. Lazard Asset Management LLC grew its holdings in shares of Signet Jewelers by 6.8% during the first quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after buying an additional 116 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Signet Jewelers by 4.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,791 shares of the company’s stock worth $3,682,000 after acquiring an additional 1,535 shares during the period. Tidal Investments LLC purchased a new position in Signet Jewelers during the 1st quarter valued at about $293,000. Cetera Advisors LLC acquired a new position in shares of Signet Jewelers in the 1st quarter valued at about $1,093,000. Finally, Boston Partners purchased a new stake in shares of Signet Jewelers in the first quarter worth approximately $1,088,000.

Insider Activity at Signet Jewelers

In related news, insider Joan M. Hilson sold 8,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $94.57, for a total transaction of $756,560.00. Following the completion of the transaction, the insider now owns 200,844 shares of the company’s stock, valued at approximately $18,993,817.08. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Virginia Drosos sold 3,475 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total value of $353,303.25. Following the sale, the chief executive officer now owns 775,345 shares of the company’s stock, valued at approximately $78,829,326.15. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,957 shares of company stock worth $4,599,306. 3.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SIG shares. Bank of America dropped their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Wells Fargo & Company upped their price target on shares of Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group reduced their price objective on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a report on Wednesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus price target of $109.60.

Signet Jewelers Trading Up 0.2 %

Shares of NYSE:SIG opened at $100.20 on Friday. The stock has a market capitalization of $4.41 billion, a PE ratio of 11.60, a P/E/G ratio of 1.14 and a beta of 2.12. Signet Jewelers Limited has a 1 year low of $72.26 and a 1 year high of $112.06. The firm has a fifty day moving average price of $97.33 and a 200 day moving average price of $91.73.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, topping 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 company posted $1.55 EPS. The firm’s revenue was down 7.6% on a year-over-year basis. On average, sell-side analysts forecast that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

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

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.