Wedge Capital Management L L P NC Raises Holdings in Signet Jewelers Ltd. (NYSE:SIG)

Wedge Capital Management L L P NC boosted its position in Signet Jewelers Ltd. (NYSE:SIG) by 8.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,456 shares of the company’s stock after purchasing an additional 1,109 shares during the period. Wedge Capital Management L L P NC’s holdings in Signet Jewelers were worth $242,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SIG. CenterStar Asset Management LLC increased its stake in Signet Jewelers by 136.0% in the 2nd quarter. CenterStar Asset Management LLC now owns 1,660 shares of the company’s stock valued at $29,000 after purchasing an additional 6,270 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Signet Jewelers by 105.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,951 shares of the company’s stock valued at $35,000 after purchasing an additional 1,000 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Signet Jewelers in the 2nd quarter valued at approximately $43,000. FNY Investment Advisers LLC purchased a new position in Signet Jewelers in the 3rd quarter valued at approximately $77,000. Finally, Point72 Hong Kong Ltd increased its stake in Signet Jewelers by 77.2% in the 2nd quarter. Point72 Hong Kong Ltd now owns 4,817 shares of the company’s stock valued at $86,000 after purchasing an additional 2,098 shares in the last quarter.

SIG has been the subject of several research analyst reports. Zacks Investment Research raised Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 price objective for the company in a research note on Monday, August 12th. Bank of America dropped their price objective on Signet Jewelers from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. ValuEngine downgraded Signet Jewelers from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Citigroup dropped their price objective on Signet Jewelers from $17.00 to $12.00 and set a “sell” rating for the company in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.29.

NYSE:SIG traded up $0.15 during trading hours on Friday, reaching $17.52. 1,112,577 shares of the company traded hands, compared to its average volume of 2,208,602. The firm’s 50-day moving average is $16.53 and its 200-day moving average is $17.48. The stock has a market cap of $909.06 million, a P/E ratio of 4.71, a P/E/G ratio of 0.87 and a beta of 1.00. The company has a debt-to-equity ratio of 1.95, a current ratio of 2.10 and a quick ratio of 0.37. Signet Jewelers Ltd. has a 1-year low of $10.40 and a 1-year high of $59.78.

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Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, September 5th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.26. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Signet Jewelers had a positive return on equity of 17.75% and a negative net margin of 2.99%. Signet Jewelers’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. As a group, research analysts predict that Signet Jewelers Ltd. will post 3.09 earnings per share for the current year.

The business also recently announced a — dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.37 per share. This represents a yield of 10.5%. The ex-dividend date is Thursday, October 31st. Signet Jewelers’s dividend payout ratio (DPR) is presently 39.78%.

In related news, CEO Virginia Drosos bought 4,000 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $14.14 per share, for a total transaction of $56,560.00. Following the acquisition, the chief executive officer now owns 232,181 shares in the company, valued at $3,283,039.34. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joan M. Hilson bought 7,500 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average price of $14.46 per share, for a total transaction of $108,450.00. Following the acquisition, the chief financial officer now owns 33,127 shares in the company, valued at approximately $479,016.42. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by corporate insiders.

About Signet Jewelers

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.

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Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

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