2,469 Shares in Signet Jewelers Limited (NYSE:SIG) Purchased by Aigen Investment Management LP

Aigen Investment Management LP bought a new stake in shares of Signet Jewelers Limited (NYSE:SIG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,469 shares of the company’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of Signet Jewelers by 9.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,680 shares of the company’s stock worth $268,000 after purchasing an additional 229 shares during the period. Sei Investments Co. increased its stake in Signet Jewelers by 44.4% in the 1st quarter. Sei Investments Co. now owns 11,689 shares of the company’s stock worth $1,170,000 after acquiring an additional 3,594 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Signet Jewelers by 5.3% in the 1st quarter. ProShare Advisors LLC now owns 8,823 shares of the company’s stock valued at $883,000 after acquiring an additional 445 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Signet Jewelers by 4.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,303 shares of the company’s stock valued at $1,331,000 after acquiring an additional 570 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Signet Jewelers by 5.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 46,278 shares of the company’s stock valued at $4,568,000 after acquiring an additional 2,550 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Thursday. Telsey Advisory Group restated a “market perform” rating and set a $87.00 price objective on shares of Signet Jewelers in a research report on Wednesday, October 2nd. Bank of America cut their target price on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Wells Fargo & Company raised their price target on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group cut their price objective on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Signet Jewelers currently has an average rating of “Moderate Buy” and a consensus price target of $109.60.

Insider Transactions at Signet Jewelers

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 transaction of $332,066.79. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock in a transaction that occurred on 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 owns 46,821 shares in the company, valued at approximately $3,745,680. This represents a 14.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,957 shares of company stock worth $5,239,306. Insiders own 3.26% of the company’s stock.

Signet Jewelers Stock Down 0.5 %

Shares of NYSE:SIG opened at $97.16 on Friday. The stock has a market cap of $4.28 billion, a PE ratio of 11.25, a PEG ratio of 1.11 and a beta of 2.12. The company’s fifty day moving average is $95.01 and its 200 day moving average is $91.49. Signet Jewelers Limited has a 52 week low of $72.26 and a 52 week high of $112.06.

Signet Jewelers (NYSE:SIG) last released 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 for the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 earnings per share. Sell-side analysts anticipate that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s dividend payout ratio is 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.