Signet Jewelers Limited (NYSE:SIG) Shares Acquired by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. lifted its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 35.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,405 shares of the company’s stock after purchasing an additional 11,723 shares during the quarter. Coronation Fund Managers Ltd. owned about 0.10% of Signet Jewelers worth $3,978,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SIG. Cetera Investment Advisers boosted its holdings in Signet Jewelers by 2.2% in the second quarter. Cetera Investment Advisers now owns 11,793 shares of the company’s stock valued at $1,056,000 after acquiring an additional 257 shares during the last quarter. Truist Financial Corp boosted its holdings in Signet Jewelers by 204.3% in the second quarter. Truist Financial Corp now owns 10,062 shares of the company’s stock valued at $901,000 after acquiring an additional 6,755 shares during the last quarter. Creative Planning boosted its holdings in Signet Jewelers by 46.2% in the second quarter. Creative Planning now owns 7,798 shares of the company’s stock valued at $699,000 after acquiring an additional 2,464 shares during the last quarter. MidWestOne Financial Group Inc. boosted its holdings in Signet Jewelers by 63.3% in the second quarter. MidWestOne Financial Group Inc. now owns 16,974 shares of the company’s stock valued at $1,521,000 after acquiring an additional 6,579 shares during the last quarter. Finally, Select Equity Group L.P. boosted its holdings in Signet Jewelers by 2.9% in the second quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock valued at $622,562,000 after acquiring an additional 193,977 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages recently weighed in on SIG. StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Citigroup restated a “buy” rating and set a $119.00 price objective on shares of Signet Jewelers in a research note on Friday, June 14th. Telsey Advisory Group reduced their price objective on Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating on the stock in a research note on Monday, September 9th. UBS Group reduced their price objective on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company reduced their price objective on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.60.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, CEO Virginia Drosos sold 3,475 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $101.67, for a total value of $353,303.25. Following the completion of the sale, the chief executive officer now directly owns 775,345 shares in the company, valued at $78,829,326.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Signet Jewelers news, CEO Virginia Drosos sold 3,475 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $101.67, for a total value of $353,303.25. Following the transaction, the chief executive officer now owns 775,345 shares of the company’s stock, valued at $78,829,326.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eugenia Ulasewicz sold 3,334 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $87.94, for a total value of $293,191.96. Following the completion of the transaction, the director now directly owns 29,418 shares in the company, valued at approximately $2,587,018.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,828 shares of company stock worth $6,698,021. Company insiders own 3.26% of the company’s stock.

Signet Jewelers Stock Down 7.9 %

Shares of Signet Jewelers stock opened at $94.98 on Wednesday. The firm has a market cap of $4.18 billion, a P/E ratio of 7.72, a P/E/G ratio of 1.14 and a beta of 2.10. Signet Jewelers Limited has a fifty-two week low of $65.12 and a fifty-two week high of $112.06. The business has a 50-day moving average price of $83.91 and a 200 day moving average price of $91.98.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.11. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The business’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.55 earnings per share. As a group, equities research analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.22%. Signet Jewelers’s dividend payout ratio is presently 9.43%.

About Signet Jewelers

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.