Versor Investments LP Makes New Investment in Signet Jewelers Limited (NYSE:SIG)

Versor Investments LP bought a new position in Signet Jewelers Limited (NYSE:SIG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,476 shares of the company’s stock, valued at approximately $977,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Select Equity Group L.P. lifted its stake in shares of Signet Jewelers by 2.9% in the second quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock worth $622,562,000 after buying an additional 193,977 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Signet Jewelers by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock worth $213,809,000 after buying an additional 149,934 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Signet Jewelers by 6.5% in the second quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company’s stock worth $185,347,000 after buying an additional 126,726 shares in the last quarter. Eminence Capital LP lifted its stake in shares of Signet Jewelers by 71.3% in the second quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock worth $75,644,000 after buying an additional 351,588 shares in the last quarter. Finally, Anomaly Capital Management LP lifted its stake in shares of Signet Jewelers by 12.4% in the second quarter. Anomaly Capital Management LP now owns 691,451 shares of the company’s stock worth $61,940,000 after buying an additional 76,534 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SIG shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $87.00 target price on shares of Signet Jewelers in a research note on Wednesday, October 2nd. Wells Fargo & Company increased their price objective 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. Bank of America lowered their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research report 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 on the stock in a research report on Wednesday, September 11th. Finally, StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.60.

Insider Transactions at Signet Jewelers

In other news, CEO Virginia Drosos sold 600 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $101.25, for a total value of $60,750.00. Following the completion of the sale, the chief executive officer now directly owns 728,220 shares of the company’s stock, valued at $73,732,275. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Virginia Drosos sold 600 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $101.25, for a total transaction of $60,750.00. Following the completion of the transaction, the chief executive officer now directly owns 728,220 shares of the company’s stock, valued at approximately $73,732,275. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rebecca Wooters sold 22,151 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the transaction, the insider now directly owns 68,343 shares of the company’s stock, valued at $6,765,957. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,957 shares of company stock valued at $5,910,256 over the last three months. Corporate insiders own 3.26% of the company’s stock.

Signet Jewelers Trading Up 0.5 %

Shares of SIG stock opened at $98.07 on Tuesday. Signet Jewelers Limited has a 12 month low of $69.55 and a 12 month high of $112.06. The stock has a market cap of $4.32 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.11 and a beta of 2.12. The company has a 50 day simple moving average of $93.49 and a two-hundred day simple moving average of $91.50.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.11. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company earned $1.55 earnings per share. The firm’s revenue was down 7.6% on a year-over-year basis. As a group, equities analysts forecast that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid 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 dividend payout ratio (DPR) is presently 13.43%.

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.