Signet Jewelers Limited (NYSE:SIG) Shares Sold by MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income lowered its stake in Signet Jewelers Limited (NYSE:SIGGet Rating) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,745 shares of the company’s stock after selling 4,270 shares during the period. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income owned approximately 0.29% of Signet Jewelers worth $10,378,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SIG. Quadrant Capital Group LLC increased its holdings in shares of Signet Jewelers by 153.3% in the first quarter. Quadrant Capital Group LLC now owns 423 shares of the company’s stock valued at $31,000 after purchasing an additional 256 shares during the period. USA Financial Portformulas Corp acquired a new position in shares of Signet Jewelers in the fourth quarter valued at approximately $33,000. EverSource Wealth Advisors LLC acquired a new position in shares of Signet Jewelers in the fourth quarter valued at approximately $34,000. Lazard Asset Management LLC increased its holdings in shares of Signet Jewelers by 54.4% in the fourth quarter. Lazard Asset Management LLC now owns 585 shares of the company’s stock valued at $50,000 after purchasing an additional 206 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new position in Signet Jewelers during the fourth quarter worth $85,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Signet Jewelers Price Performance

Shares of SIG traded down $0.33 during trading hours on Friday, reaching $63.68. 328,110 shares of the company traded hands, compared to its average volume of 542,890. The company has a quick ratio of 0.61, a current ratio of 1.64 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $2.96 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 0.64 and a beta of 2.30. Signet Jewelers Limited has a fifty-two week low of $48.31 and a fifty-two week high of $111.92. The stock has a fifty day simple moving average of $58.89 and a 200 day simple moving average of $68.47.

Signet Jewelers (NYSE:SIGGet Rating) last issued its quarterly earnings results on Thursday, June 9th. The company reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.57. Signet Jewelers had a return on equity of 52.99% and a net margin of 6.87%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company earned $2.23 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, research analysts predict that Signet Jewelers Limited will post 12.47 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, July 29th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, July 28th. Signet Jewelers’s dividend payout ratio is currently 9.91%.

Insider Activity

In other news, insider Stephen E. Lovejoy sold 10,000 shares of Signet Jewelers stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $57.37, for a total value of $573,700.00. Following the transaction, the insider now directly owns 88,732 shares of the company’s stock, valued at approximately $5,090,554.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Stephen E. Lovejoy sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $57.37, for a total transaction of $573,700.00. Following the sale, the insider now directly owns 88,732 shares in the company, valued at approximately $5,090,554.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Oded Edelman sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $56.21, for a total value of $1,124,200.00. Following the sale, the insider now owns 65,398 shares in the company, valued at $3,676,021.58. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

SIG has been the subject of several research analyst reports. UBS Group cut their price objective on Signet Jewelers from $138.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, June 10th. Telsey Advisory Group cut their price objective on Signet Jewelers from $100.00 to $85.00 and set a “market perform” rating for the company in a research report on Friday, June 10th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Finally, Citigroup dropped their price target on Signet Jewelers from $94.00 to $76.00 and set a “neutral” rating for the company in a research report on Friday, June 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Signet Jewelers presently has an average rating of “Hold” and an average price target of $94.80.

About Signet Jewelers

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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 Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox.

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Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

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