Legal & General Group Plc Has $5.56 Million Holdings in Signet Jewelers Ltd. (SIG)

Legal & General Group Plc cut its position in Signet Jewelers Ltd. (NYSE:SIG) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,289 shares of the company’s stock after selling 3,621 shares during the period. Legal & General Group Plc owned about 0.16% of Signet Jewelers worth $5,558,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. acquired a new stake in shares of Signet Jewelers during the third quarter worth $28,227,000. Northern Trust Corp raised its holdings in shares of Signet Jewelers by 62.2% during the second quarter. Northern Trust Corp now owns 928,880 shares of the company’s stock worth $51,785,000 after acquiring an additional 356,193 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Signet Jewelers by 95.6% during the third quarter. JPMorgan Chase & Co. now owns 542,140 shares of the company’s stock worth $35,744,000 after acquiring an additional 265,018 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Signet Jewelers during the third quarter worth $12,958,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Signet Jewelers by 4.4% during the third quarter. Dimensional Fund Advisors LP now owns 3,976,414 shares of the company’s stock worth $262,164,000 after acquiring an additional 166,590 shares during the period.

Shares of SIG opened at $35.55 on Friday. Signet Jewelers Ltd. has a one year low of $28.30 and a one year high of $71.07. The stock has a market capitalization of $1.92 billion, a PE ratio of 5.46, a PEG ratio of 1.34 and a beta of 1.40. The company has a quick ratio of 0.27, a current ratio of 2.20 and a debt-to-equity ratio of 0.49.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, December 6th. The company reported ($1.06) EPS for the quarter, beating analysts’ consensus estimates of ($1.08) by $0.02. Signet Jewelers had a negative net margin of 3.23% and a positive return on equity of 15.90%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm posted $0.05 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, research analysts forecast that Signet Jewelers Ltd. will post 4.27 earnings per share for the current fiscal year.

A number of brokerages recently commented on SIG. Wells Fargo & Co dropped their price objective on shares of Signet Jewelers from $42.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, January 2nd. Telsey Advisory Group decreased their target price on shares of Signet Jewelers from $60.00 to $45.00 and set a “market perform” rating for the company in a research report on Tuesday, December 11th. Nomura set a $42.00 target price on shares of Signet Jewelers and gave the company a “hold” rating in a research report on Monday, December 10th. Royal Bank of Canada decreased their target price on shares of Signet Jewelers to $46.00 and set an “in-line” rating for the company in a research report on Friday, December 7th. Finally, Zacks Investment Research reaffirmed a “hold” rating on shares of Signet Jewelers in a research report on Thursday, November 15th. One investment analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. Signet Jewelers presently has an average rating of “Hold” and an average price target of $48.58.

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About Signet Jewelers

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as JamesAllen.com, an online jewelry retailer Website.

Further Reading: Systematic Risk

Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

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