Signet Jewelers Limited (NYSE:SIG) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its position in Signet Jewelers Limited (NYSE:SIG) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,061 shares of the company’s stock after selling 1,199 shares during the quarter. Sanctuary Advisors LLC owned 0.08% of Signet Jewelers worth $2,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of SIG. Harbor Capital Advisors Inc. acquired a new position in Signet Jewelers during the 3rd quarter worth $25,000. Erste Asset Management GmbH acquired a new position in Signet Jewelers during the 3rd quarter worth $77,000. CWM LLC grew its stake in Signet Jewelers by 177.3% during the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock worth $118,000 after purchasing an additional 734 shares in the last quarter. KBC Group NV grew its stake in Signet Jewelers by 25.5% during the 3rd quarter. KBC Group NV now owns 1,293 shares of the company’s stock worth $133,000 after purchasing an additional 263 shares in the last quarter. Finally, Raymond James Trust N.A. acquired a new position in Signet Jewelers during the 3rd quarter worth $207,000.

Wall Street Analysts Forecast Growth

SIG has been the subject of several analyst reports. Telsey Advisory Group lowered their target price on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company lowered their target price on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Bank of America lowered their target price on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus target price of $95.20.

Insider Activity

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of the sale, the director now directly owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. The trade was a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.26% of the company’s stock.

Signet Jewelers Stock Down 2.8 %

Shares of NYSE SIG opened at $52.60 on Friday. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 3.43 and a beta of 2.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The business has a 50-day moving average of $66.15 and a two-hundred day moving average of $82.25. Signet Jewelers Limited has a 1 year low of $52.09 and a 1 year high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 24th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, January 24th. Signet Jewelers’s payout ratio is currently 13.35%.

Signet Jewelers 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.