PDT Partners LLC Has $1.44 Million Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

PDT Partners LLC grew its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 6.8% during the 3rd quarter, Holdings Channel reports. The firm owned 13,953 shares of the company’s stock after buying an additional 892 shares during the period. PDT Partners LLC’s holdings in Signet Jewelers were worth $1,439,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SIG. Harbor Capital Advisors Inc. bought a new position in shares of Signet Jewelers in the third quarter valued at $25,000. Brown Brothers Harriman & Co. acquired a new position in shares of Signet Jewelers during the 2nd quarter worth about $51,000. Hexagon Capital Partners LLC increased its stake in shares of Signet Jewelers by 33.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after purchasing an additional 175 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Signet Jewelers by 15.3% in the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after purchasing an additional 122 shares during the period. Finally, CWM LLC lifted its stake in Signet Jewelers by 177.3% in the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after purchasing an additional 734 shares during the last quarter.

Insider Transactions at Signet Jewelers

In related news, insider Joan M. Hilson sold 8,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total transaction of $756,560.00. Following the sale, the insider now owns 200,844 shares in the company, valued at approximately $18,993,817.08. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction that occurred on Monday, October 21st. The shares were 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 directly owns 26,085 shares in the company, valued at $2,598,848.55. This trade represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,957 shares of company stock valued at $4,599,306. 3.26% of the stock is owned by corporate insiders.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock opened at $100.20 on Monday. The firm has a 50-day moving average of $97.33 and a 200-day moving average of $91.67. Signet Jewelers Limited has a 52-week low of $72.26 and a 52-week high of $112.06. The stock has a market cap of $4.41 billion, a PE ratio of 11.60, a PEG ratio of 1.14 and a beta of 2.12.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share (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 firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. Equities research analysts predict that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.16%. Signet Jewelers’s payout ratio is 13.43%.

Wall Street Analysts Forecast Growth

SIG has been the topic of several research analyst reports. Bank of America dropped their price objective 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. Telsey Advisory Group reaffirmed a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a report on Wednesday, November 27th. StockNews.com raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Thursday. 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. Finally, UBS Group decreased their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $109.60.

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.