Signet Jewelers Limited (NYSE:SIG) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP lifted its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 36.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,357 shares of the company’s stock after acquiring an additional 888 shares during the period. Aigen Investment Management LP’s holdings in Signet Jewelers were worth $271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SIG. Harbor Capital Advisors Inc. acquired a new position in shares of Signet Jewelers in the 3rd quarter valued at $25,000. Smartleaf Asset Management LLC raised its position 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 worth $57,000 after buying an additional 421 shares during the period. Erste Asset Management GmbH acquired a new position in Signet Jewelers in the third quarter valued at $77,000. KBC Group NV grew its position in Signet Jewelers by 25.5% during the third quarter. KBC Group NV now owns 1,293 shares of the company’s stock valued at $133,000 after acquiring an additional 263 shares during the period. Finally, Raymond James Trust N.A. purchased a new stake in Signet Jewelers during the third quarter valued at about $207,000.

Insiders Place Their Bets

In other news, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction of $180,415.29. Following the sale, the director now directly owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.26% of the stock is currently owned by company insiders.

Signet Jewelers Stock Up 0.3 %

Shares of NYSE:SIG opened at $50.13 on Friday. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20. The company has a 50 day moving average of $59.94 and a two-hundred day moving average of $80.49. Signet Jewelers Limited has a 52-week low of $46.66 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.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SIG shares. Telsey Advisory Group reduced their price objective on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 15th. Bank of America decreased 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 note on Wednesday, January 15th. Wells Fargo & Company dropped their price objective on shares of Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Finally, StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus target price 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.