Murphy Pohlad Asset Management LLC Trims Holdings in Signet Jewelers Limited (NYSE:SIG)

Murphy Pohlad Asset Management LLC lowered its position in shares of Signet Jewelers Limited (NYSE:SIG) by 26.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,877 shares of the company’s stock after selling 7,448 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Signet Jewelers were worth $1,685,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of Signet Jewelers in the third quarter worth about $25,000. Erste Asset Management GmbH purchased a new stake in Signet Jewelers during the 3rd quarter valued at approximately $77,000. CWM LLC raised its position in shares of Signet Jewelers by 177.3% during the third quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after buying an additional 734 shares during the last quarter. KBC Group NV boosted its position in shares of Signet Jewelers by 25.5% during the third quarter. KBC Group NV now owns 1,293 shares of the company’s stock worth $133,000 after acquiring an additional 263 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in Signet Jewelers in the 3rd quarter worth $207,000.

Signet Jewelers Stock Down 0.1 %

Shares of SIG opened at $58.60 on Thursday. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. Signet Jewelers Limited has a 52-week low of $54.44 and a 52-week high of $112.06. The company has a market cap of $2.55 billion, a PE ratio of 6.74, a P/E/G ratio of 3.84 and a beta of 2.13. The business has a fifty day moving average of $79.53 and a 200 day moving average of $85.58.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the firm posted $0.24 earnings per share. Signet Jewelers’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, sell-side analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Friday, January 24th. Signet Jewelers’s dividend payout ratio is currently 13.35%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Telsey Advisory Group reduced their target price on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, January 15th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Wells Fargo & Company reduced their price target on shares of Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Finally, Bank of America lowered their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.20.

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.