Raymond James Financial Services Advisors Inc. Increases Position in Signet Jewelers Limited (NYSE:SIG)

Raymond James Financial Services Advisors Inc. increased its stake in Signet Jewelers Limited (NYSE:SIGGet Rating) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,780 shares of the company’s stock after purchasing an additional 1,314 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.06% of Signet Jewelers worth $1,589,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Signet Jewelers by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 6,181,170 shares of the company’s stock valued at $449,370,000 after acquiring an additional 31,035 shares in the last quarter. State Street Corp increased its holdings in Signet Jewelers by 2.5% during the 1st quarter. State Street Corp now owns 1,769,053 shares of the company’s stock valued at $128,610,000 after acquiring an additional 42,874 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Signet Jewelers by 74.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,441,350 shares of the company’s stock valued at $77,055,000 after acquiring an additional 613,036 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Signet Jewelers by 20.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 750,431 shares of the company’s stock valued at $54,556,000 after acquiring an additional 127,389 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Signet Jewelers by 43.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 639,516 shares of the company’s stock valued at $46,494,000 after acquiring an additional 192,995 shares in the last quarter. Hedge funds and other institutional investors own 97.88% of the company’s stock.

Analyst Upgrades and Downgrades

SIG has been the subject of several recent research reports. Bank of America raised their target price on shares of Signet Jewelers from $65.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, December 7th. Citigroup raised their target price on shares of Signet Jewelers from $60.00 to $77.00 in a report on Wednesday, December 7th. Telsey Advisory Group raised their price target on shares of Signet Jewelers from $72.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 7th. StockNews.com started coverage on shares of Signet Jewelers in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, UBS Group raised their price target on shares of Signet Jewelers from $79.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, December 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.00.

Signet Jewelers Price Performance

SIG opened at $73.30 on Thursday. The company’s 50 day simple moving average is $67.08 and its 200 day simple moving average is $62.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.37 and a current ratio of 1.56. Signet Jewelers Limited has a 1 year low of $48.31 and a 1 year high of $92.25. The stock has a market capitalization of $3.33 billion, a PE ratio of 11.82, a P/E/G ratio of 0.76 and a beta of 2.12.

Signet Jewelers Announces Dividend

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

Insider Buying and Selling

In other Signet Jewelers news, insider Stash Ptak sold 1,000 shares of Signet Jewelers stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the transaction, the insider now directly owns 34,333 shares of the company’s stock, valued at $2,574,975. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.76% of the company’s stock.

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.

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

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