Paloma Partners Management Co Sells 3,314 Shares of Signet Jewelers Limited (NYSE:SIG)

Paloma Partners Management Co trimmed its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 54.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 2,766 shares of the company’s stock after selling 3,314 shares during the quarter. Paloma Partners Management Co’s holdings in Signet Jewelers were worth $285,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in Signet Jewelers during the third quarter worth about $25,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Signet Jewelers during the 2nd quarter worth approximately $51,000. Hexagon Capital Partners LLC boosted its position 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 acquiring an additional 175 shares in the last quarter. Erste Asset Management GmbH bought a new position in Signet Jewelers in the third quarter valued at approximately $77,000. Finally, Blue Trust Inc. raised its position in Signet Jewelers by 15.3% during the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after purchasing an additional 122 shares in the last quarter.

Analysts Set New Price Targets

SIG has been the topic of a number of research analyst reports. UBS Group reduced their target price on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $87.00 price objective on shares of Signet Jewelers in a research note on Thursday. StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Wells Fargo & Company raised their price target on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.60.

Signet Jewelers Trading Down 11.9 %

Shares of SIG stock opened at $86.94 on Friday. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 1.11 and a beta of 2.10. The business’s 50-day moving average price is $97.31 and its 200-day moving average price is $91.62. Signet Jewelers Limited has a 12 month low of $72.26 and a 12 month high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.33%. Signet Jewelers’s payout ratio is 13.43%.

Insider Buying and Selling

In other Signet Jewelers news, insider Mary Elizabeth Finn sold 3,763 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $92.32, for a total transaction of $347,400.16. Following the completion of the transaction, the insider now owns 43,058 shares in the company, valued at approximately $3,975,114.56. This trade represents a 8.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rebecca Wooters sold 22,151 shares of the company’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 completion of the sale, the insider now directly owns 68,343 shares in the company, valued at approximately $6,765,957. This represents a 24.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,957 shares of company stock valued at $4,599,306 in the last three months. Insiders own 3.26% of the company’s stock.

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.