State of New Jersey Common Pension Fund D Boosts Stock Position in Signet Jewelers Limited (NYSE:SIG)

State of New Jersey Common Pension Fund D grew its holdings in Signet Jewelers Limited (NYSE:SIG) by 33.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,096 shares of the company’s stock after purchasing an additional 6,079 shares during the period. State of New Jersey Common Pension Fund D owned about 0.05% of Signet Jewelers worth $2,485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SIG. Khrom Capital Management LLC bought a new position in shares of Signet Jewelers in the second quarter worth about $58,357,000. Eminence Capital LP boosted its position in Signet Jewelers by 71.3% in the 2nd quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock valued at $75,644,000 after buying an additional 351,588 shares during the period. Select Equity Group L.P. grew its stake in Signet Jewelers by 2.9% in the 2nd quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock worth $622,562,000 after acquiring an additional 193,977 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Signet Jewelers by 38.2% during the first quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock worth $65,646,000 after acquiring an additional 181,207 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Signet Jewelers by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock valued at $213,809,000 after acquiring an additional 149,934 shares in the last quarter.

Insider Buying and Selling

In other Signet Jewelers news, insider Mary Elizabeth Finn sold 8,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $80.00, for a total value of $640,000.00. Following the completion of the sale, the insider now directly owns 46,821 shares in the company, valued at approximately $3,745,680. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Virginia Drosos sold 3,475 shares of the company’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 directly owns 775,345 shares of the company’s stock, valued at $78,829,326.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $80.00, for a total value of $640,000.00. Following the sale, the insider now directly owns 46,821 shares of the company’s stock, valued at approximately $3,745,680. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,957 shares of company stock worth $5,239,306 in the last ninety days. 3.26% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock opened at $97.92 on Thursday. The company has a market capitalization of $4.31 billion, a PE ratio of 11.33, a P/E/G ratio of 1.12 and a beta of 2.12. The company has a 50-day simple moving average of $94.20 and a two-hundred day simple moving average of $91.52. Signet Jewelers Limited has a one year low of $72.26 and a one year high of $112.06.

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

Signet Jewelers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.18%. 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.