William Blair Investment Management LLC Buys 76,966 Shares of Signet Jewelers Limited (NYSE:SIG)

William Blair Investment Management LLC grew its stake in Signet Jewelers Limited (NYSE:SIG) by 33.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 309,129 shares of the company’s stock after purchasing an additional 76,966 shares during the period. William Blair Investment Management LLC’s holdings in Signet Jewelers were worth $24,950,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in shares of Signet Jewelers by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock valued at $57,000 after purchasing an additional 421 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Signet Jewelers in the 3rd quarter valued at approximately $77,000. KBC Group NV lifted its stake in shares of Signet Jewelers by 25.5% in the 3rd quarter. KBC Group NV now owns 1,293 shares of the company’s stock valued at $133,000 after purchasing an additional 263 shares during the last quarter. Raymond James Trust N.A. bought a new stake in shares of Signet Jewelers in the 3rd quarter valued at approximately $207,000. Finally, Virtu Financial LLC bought a new stake in shares of Signet Jewelers in the 3rd quarter valued at approximately $210,000.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Bank of America reduced their price target on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company reduced their price target on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Finally, Telsey Advisory Group reduced their price target on Signet Jewelers from $65.00 to $55.00 and set a “market perform” rating on the stock in a report on Thursday, March 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Signet Jewelers presently has a consensus rating of “Moderate Buy” and an average target price of $93.20.

Insiders Place Their Bets

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction of $180,415.29. Following the transaction, the director now directly owns 22,752 shares in the company, valued at $1,231,565.76. This trade represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.26% of the stock is currently owned by company insiders.

Signet Jewelers Trading Up 0.1 %

SIG opened at $48.38 on Wednesday. The stock’s fifty day moving average is $55.61 and its two-hundred day moving average is $78.81. The company has a market capitalization of $2.10 billion, a P/E ratio of 5.57, a PEG ratio of 3.43 and a beta of 2.20. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $112.06. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14.

About Signet Jewelers

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.