Signet Jewelers Limited (NYSE:SIG) Shares Acquired by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 17.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,380 shares of the company’s stock after purchasing an additional 16,090 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.25% of Signet Jewelers worth $11,281,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SIG. Price T Rowe Associates Inc. MD increased its position in shares of Signet Jewelers by 4.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,791 shares of the company’s stock worth $3,682,000 after purchasing an additional 1,535 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Signet Jewelers in the 1st quarter valued at $293,000. Cetera Advisors LLC acquired a new position in shares of Signet Jewelers in the 1st quarter valued at $1,093,000. Hexagon Capital Partners LLC increased its position in shares of Signet Jewelers by 33.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock valued at $63,000 after acquiring an additional 175 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Signet Jewelers by 43.1% in the 2nd quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock valued at $475,000 after acquiring an additional 1,600 shares during the period.

Signet Jewelers Stock Down 1.1 %

SIG stock opened at $98.31 on Wednesday. The company’s 50-day simple moving average is $97.36 and its 200-day simple moving average is $91.58. Signet Jewelers Limited has a 52-week low of $72.26 and a 52-week high of $112.06. The firm has a market cap of $4.33 billion, a P/E ratio of 11.38, a PEG ratio of 1.13 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last posted its earnings results 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. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company posted $1.55 EPS. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, October 25th. Signet Jewelers’s dividend payout ratio is presently 13.43%.

Insider Activity at Signet Jewelers

In related news, insider Mary Elizabeth Finn sold 3,763 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $92.32, for a total value of $347,400.16. Following the transaction, the insider now directly owns 43,058 shares of the company’s stock, valued at approximately $3,975,114.56. This trade represents a 8.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Rebecca Wooters sold 22,151 shares of the firm’s stock in a transaction dated 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 $6,765,957. This represents a 24.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,957 shares of company stock valued at $4,599,306. 3.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on SIG. Wells Fargo & Company upped their target price on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group cut their target price on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Bank of America cut 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. Telsey Advisory Group reaffirmed a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a research report on Wednesday, November 27th. Finally, StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.60.

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.