Geode Capital Management LLC Has $103.61 Million Position in Signet Jewelers Limited (NYSE:SIG)

Geode Capital Management LLC cut its position in shares of Signet Jewelers Limited (NYSE:SIG) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,004,361 shares of the company’s stock after selling 13,211 shares during the quarter. Geode Capital Management LLC owned 2.28% of Signet Jewelers worth $103,610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in shares of Signet Jewelers by 43.1% during the 2nd quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock worth $475,000 after purchasing an additional 1,600 shares in the last quarter. Blue Trust Inc. increased its holdings in Signet Jewelers by 15.3% in the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after buying an additional 122 shares during the period. Raymond James & Associates raised its stake in shares of Signet Jewelers by 46.1% in the 2nd quarter. Raymond James & Associates now owns 53,947 shares of the company’s stock valued at $4,833,000 after buying an additional 17,030 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Signet Jewelers by 2.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the company’s stock worth $2,016,000 after acquiring an additional 600 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Signet Jewelers by 17.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,159 shares of the company’s stock valued at $283,000 after acquiring an additional 479 shares in the last quarter.

Signet Jewelers Price Performance

Signet Jewelers stock opened at $79.42 on Thursday. The business’s fifty day moving average is $94.65 and its two-hundred day moving average is $90.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. The firm has a market cap of $3.45 billion, a P/E ratio of 9.14, a P/E/G ratio of 1.04 and a beta of 2.10. Signet Jewelers Limited has a 52 week low of $72.26 and a 52 week high of $112.06.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the company earned $0.24 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. Equities research analysts forecast that Signet Jewelers Limited will post 9.88 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 24th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, January 24th. Signet Jewelers’s dividend payout ratio is 13.35%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Telsey Advisory Group restated a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a research report on Thursday, December 5th. Bank of America lowered their price target on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Wells Fargo & Company lifted their price objective on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, UBS Group lowered their target price on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Signet Jewelers has an average rating of “Moderate Buy” and a consensus target price of $109.60.

Insiders Place Their Bets

In related news, CEO Virginia Drosos sold 3,475 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total transaction of $353,303.25. Following the completion of the sale, the chief executive officer now directly owns 775,345 shares of the company’s stock, valued at $78,829,326.15. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Rebecca Wooters sold 22,151 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the completion of the transaction, the insider now directly owns 68,343 shares in the company, valued at approximately $6,765,957. The trade was a 24.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,194 shares of company stock valued at $4,251,906. 3.26% of the stock is currently owned by corporate insiders.

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.