Blueshift Asset Management LLC Sells 4,175 Shares of Signet Jewelers Limited (NYSE:SIG)

Blueshift Asset Management LLC trimmed its holdings in Signet Jewelers Limited (NYSE:SIG) by 15.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,487 shares of the company’s stock after selling 4,175 shares during the quarter. Signet Jewelers makes up approximately 0.7% of Blueshift Asset Management LLC’s holdings, making the stock its 21st biggest position. Blueshift Asset Management LLC’s holdings in Signet Jewelers were worth $1,896,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Magnetar Financial LLC purchased a new position in shares of Signet Jewelers during the fourth quarter valued at about $2,418,000. Xponance Inc. lifted its position in shares of Signet Jewelers by 12.2% in the fourth quarter. Xponance Inc. now owns 3,149 shares of the company’s stock worth $254,000 after buying an additional 343 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Signet Jewelers by 33.2% during the fourth quarter. William Blair Investment Management LLC now owns 309,129 shares of the company’s stock valued at $24,950,000 after buying an additional 76,966 shares during the last quarter. Cibc World Markets Corp purchased a new position in Signet Jewelers during the 4th quarter valued at approximately $319,000. Finally, Royce & Associates LP increased its stake in Signet Jewelers by 5.0% in the 4th quarter. Royce & Associates LP now owns 202,280 shares of the company’s stock worth $16,326,000 after acquiring an additional 9,559 shares during the last quarter.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers 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 completion of the sale, the director now directly owns 22,752 shares in the company, valued at approximately $1,231,565.76. This trade represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.26% of the stock is owned by corporate insiders.

Signet Jewelers Trading Up 17.5 %

SIG stock opened at $56.73 on Thursday. The firm’s fifty day simple moving average is $55.25 and its two-hundred day simple moving average is $78.66. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20. 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 twelve month low of $45.55 and a twelve month high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, topping analysts’ consensus estimates of $6.39 by $0.23. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the prior year, the company posted $6.73 EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

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.