MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income Has $10.38 Million Holdings in Signet Jewelers Limited (NYSE:SIG)

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income lessened its holdings in shares of Signet Jewelers Limited (NYSE:SIGGet Rating) by 2.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 142,745 shares of the company’s stock after selling 4,270 shares during the quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s holdings in Signet Jewelers were worth $10,378,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Select Equity Group L.P. raised its stake in Signet Jewelers by 5.9% during the 4th quarter. Select Equity Group L.P. now owns 5,541,332 shares of the company’s stock worth $482,262,000 after buying an additional 311,188 shares during the period. Geode Capital Management LLC raised its stake in shares of Signet Jewelers by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 934,346 shares of the company’s stock valued at $81,320,000 after purchasing an additional 33,967 shares during the period. Northern Trust Corp raised its stake in shares of Signet Jewelers by 0.9% in the 4th quarter. Northern Trust Corp now owns 847,755 shares of the company’s stock valued at $73,780,000 after purchasing an additional 7,280 shares during the period. Victory Capital Management Inc. raised its stake in shares of Signet Jewelers by 0.5% in the 1st quarter. Victory Capital Management Inc. now owns 828,314 shares of the company’s stock valued at $60,156,000 after purchasing an additional 4,300 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its position in shares of Signet Jewelers by 28.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 754,400 shares of the company’s stock valued at $65,655,000 after acquiring an additional 167,287 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Signet Jewelers Price Performance

Shares of NYSE SIG traded down $0.33 during midday trading on Friday, reaching $63.68. The company’s stock had a trading volume of 328,110 shares, compared to its average volume of 542,890. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.61 and a current ratio of 1.64. Signet Jewelers Limited has a fifty-two week low of $48.31 and a fifty-two week high of $111.92. The business’s 50 day moving average price is $58.89 and its two-hundred day moving average price is $68.47. The company has a market cap of $2.96 billion, a P/E ratio of 7.89, a P/E/G ratio of 0.64 and a beta of 2.30.

Signet Jewelers (NYSE:SIGGet Rating) last released its quarterly earnings results on Thursday, June 9th. The company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.57. Signet Jewelers had a net margin of 6.87% and a return on equity of 52.99%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the business earned $2.23 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts forecast that Signet Jewelers Limited will post 12.47 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, July 29th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.80 annualized dividend and a yield of 1.26%. Signet Jewelers’s dividend payout ratio is currently 9.91%.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, insider Stephen E. Lovejoy sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $57.37, for a total transaction of $573,700.00. Following the completion of the transaction, the insider now directly owns 88,732 shares in the company, valued at $5,090,554.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Oded Edelman sold 20,000 shares of the business’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $56.21, for a total value of $1,124,200.00. Following the sale, the insider now owns 65,398 shares of the company’s stock, valued at $3,676,021.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stephen E. Lovejoy sold 10,000 shares of the business’s stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $57.37, for a total transaction of $573,700.00. Following the completion of the sale, the insider now directly owns 88,732 shares in the company, valued at approximately $5,090,554.84. The disclosure for this sale can be found here. Company insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

SIG has been the topic of a number of recent research reports. Telsey Advisory Group lowered their target price on Signet Jewelers from $100.00 to $85.00 and set a “market perform” rating on the stock in a research report on Friday, June 10th. Citigroup lowered their target price on Signet Jewelers from $94.00 to $76.00 and set a “neutral” rating on the stock in a research report on Friday, June 10th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Finally, UBS Group reduced their price target on Signet Jewelers from $138.00 to $120.00 and set a “buy” rating for the company in a report on Friday, June 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $94.80.

About Signet Jewelers

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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 Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox.

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

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