Versor Investments LP Buys New Stake in Signet Jewelers Limited (NYSE:SIG)

Versor Investments LP acquired a new stake in shares of Signet Jewelers Limited (NYSE:SIG) in the 3rd quarter, Holdings Channel reports. The firm acquired 9,476 shares of the company’s stock, valued at approximately $977,000.

Several other institutional investors have also bought and sold shares of SIG. Khrom Capital Management LLC bought a new position in Signet Jewelers during the second quarter valued at $58,357,000. Eminence Capital LP lifted its position in Signet Jewelers by 71.3% during the second quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock valued at $75,644,000 after purchasing an additional 351,588 shares during the last quarter. Select Equity Group L.P. lifted its position in Signet Jewelers by 2.9% during the second quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock valued at $622,562,000 after purchasing an additional 193,977 shares during the last quarter. Janus Henderson Group PLC lifted its position in Signet Jewelers by 38.2% during the first quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock valued at $65,646,000 after purchasing an additional 181,207 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Signet Jewelers by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock valued at $213,809,000 after purchasing an additional 149,934 shares during the last quarter.

Signet Jewelers Price Performance

Shares of SIG opened at $98.07 on Tuesday. Signet Jewelers Limited has a 1-year low of $69.55 and a 1-year high of $112.06. The company has a 50-day moving average of $93.49 and a 200 day moving average of $91.50. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 1.11 and a beta of 2.12.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share 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 company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business posted $1.55 EPS. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, equities analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s dividend payout ratio (DPR) is 13.43%.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, CEO Virginia Drosos sold 3,475 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $101.67, for a total transaction of $353,303.25. Following the transaction, the chief executive officer now owns 775,345 shares of the company’s stock, valued at approximately $78,829,326.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Signet Jewelers news, CEO Virginia Drosos sold 3,475 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $101.67, for a total transaction of $353,303.25. Following the transaction, the chief executive officer now owns 775,345 shares of the company’s stock, valued at approximately $78,829,326.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mary Elizabeth Finn sold 4,237 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $100.10, for a total transaction of $424,123.70. Following the transaction, the insider now directly owns 38,821 shares in the company, valued at $3,885,982.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,957 shares of company stock valued at $5,910,256. Company insiders own 3.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on SIG. Bank of America lowered their price objective 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. Telsey Advisory Group restated a “market perform” rating and issued a $87.00 target price on shares of Signet Jewelers in a report on Wednesday, October 2nd. Wells Fargo & Company raised their target price on shares of Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. UBS Group lowered their target price on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Finally, StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $109.60.

Signet Jewelers Company 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.