Texas Permanent School Fund Has $1.91 Million Stake in Signet Jewelers Limited (NYSE:SIG)

Texas Permanent School Fund trimmed its position in shares of Signet Jewelers Limited (NYSE:SIG – Get Rating) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,457 shares of the company’s stock after selling 1,410 shares during the quarter. Texas Permanent School Fund owned approximately 0.07% of Signet Jewelers worth $1,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Miller Howard Investments Inc. NY acquired a new stake in Signet Jewelers in the 2nd quarter worth approximately $210,000. Victory Capital Management Inc. lifted its holdings in Signet Jewelers by 74.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,441,350 shares of the company’s stock worth $77,055,000 after purchasing an additional 613,036 shares during the last quarter. Assetmark Inc. lifted its holdings in Signet Jewelers by 21.3% in the 2nd quarter. Assetmark Inc. now owns 12,756 shares of the company’s stock worth $682,000 after purchasing an additional 2,239 shares during the last quarter. CSS LLC IL acquired a new stake in Signet Jewelers in the 2nd quarter worth approximately $864,000. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Signet Jewelers by 27.3% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 210,763 shares of the company’s stock worth $11,267,000 after purchasing an additional 45,214 shares during the last quarter. 97.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Telsey Advisory Group boosted their target price on Signet Jewelers from $72.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, December 7th. UBS Group lifted their price target on Signet Jewelers from $79.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, December 7th. Citigroup lifted their price target on Signet Jewelers from $60.00 to $77.00 in a research report on Wednesday, December 7th. Bank of America lifted their price target on Signet Jewelers from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 7th. Finally, StockNews.com began coverage on Signet Jewelers in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.00.

Signet Jewelers Stock Performance

SIG opened at $73.43 on Wednesday. The stock has a market cap of $3.34 billion, a PE ratio of 11.84, a P/E/G ratio of 0.75 and a beta of 2.12. The company has a current ratio of 1.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.11. Signet Jewelers Limited has a 1 year low of $48.31 and a 1 year high of $94.34. The stock’s 50 day simple moving average is $65.90 and its 200-day simple moving average is $62.11.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Stockholders of record on Friday, January 27th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Thursday, January 26th. Signet Jewelers’s dividend payout ratio is presently 12.90%.

Signet Jewelers Profile

(Get Rating)

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 Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox.