Empowered Funds LLC Boosts Stake in Signet Jewelers Limited (NYSE:SIG)

Empowered Funds LLC raised its position in Signet Jewelers Limited (NYSE:SIG) by 11.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,162 shares of the company’s stock after purchasing an additional 8,880 shares during the quarter. Empowered Funds LLC owned 0.20% of Signet Jewelers worth $9,093,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Royce & Associates LP raised its holdings in Signet Jewelers by 5.9% in the third quarter. Royce & Associates LP now owns 192,721 shares of the company’s stock valued at $19,877,000 after buying an additional 10,750 shares during the period. KBC Group NV increased its position in shares of Signet Jewelers by 25.5% in 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 in the last quarter. Aigen Investment Management LP purchased a new position in shares of Signet Jewelers in the 3rd quarter valued at $255,000. Versor Investments LP acquired a new position in shares of Signet Jewelers during the 3rd quarter valued at $977,000. Finally, State of New Jersey Common Pension Fund D boosted its position in Signet Jewelers by 33.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 24,096 shares of the company’s stock worth $2,485,000 after purchasing an additional 6,079 shares during the period.

Analyst Ratings Changes

SIG has been the subject of several analyst reports. UBS Group decreased their target price on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Bank of America dropped their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company lifted their price objective on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $87.00 price objective on shares of Signet Jewelers in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and an average price target of $109.60.

Signet Jewelers Price Performance

Shares of SIG opened at $97.16 on Friday. Signet Jewelers Limited has a 12-month low of $72.26 and a 12-month high of $112.06. The business’s fifty day moving average price is $95.01 and its 200 day moving average price is $91.53. The stock has a market capitalization of $4.28 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.11 and a beta of 2.12.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.14 by $0.11. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 EPS. As a group, research analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s dividend payout ratio (DPR) is 13.43%.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, insider Mary Elizabeth Finn sold 3,763 shares of the business’s stock in a transaction dated 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 directly owns 43,058 shares of the company’s stock, valued at $3,975,114.56. The trade was a 8.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joan M. Hilson sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total transaction of $756,560.00. Following the completion of the sale, the insider now owns 200,844 shares in the company, valued at $18,993,817.08. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,957 shares of company stock worth $5,239,306 in the last 90 days. 3.26% of the stock is currently owned by company insiders.

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.