Signet Jewelers Limited (NYSE:SIG) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 6.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,941,685 shares of the company’s stock after selling 127,386 shares during the period. Pacer Advisors Inc.’s holdings in Signet Jewelers were worth $200,265,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SIG. Ritholtz Wealth Management increased its stake in shares of Signet Jewelers by 4.9% during the third quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock worth $254,000 after buying an additional 115 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Signet Jewelers by 6.8% in the first quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after acquiring an additional 116 shares during the period. Blue Trust Inc. lifted its holdings in shares of Signet Jewelers by 15.3% during the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after purchasing an additional 122 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Signet Jewelers by 1.4% during the second quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock worth $932,000 after purchasing an additional 144 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Signet Jewelers by 33.4% during the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after purchasing an additional 175 shares during the period.

Signet Jewelers Trading Up 2.2 %

Shares of NYSE:SIG opened at $96.66 on Thursday. The stock’s 50-day moving average price is $96.13 and its two-hundred day moving average price is $91.48. Signet Jewelers Limited has a 12-month low of $72.26 and a 12-month high of $112.06. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.07 and a beta of 2.12.

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

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s dividend payout ratio is currently 13.43%.

Insider Activity

In other news, CEO Virginia Drosos sold 600 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $101.25, for a total value of $60,750.00. Following the completion of the sale, the chief executive officer now owns 728,220 shares in the company, valued at $73,732,275. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Mary Elizabeth Finn sold 3,763 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $92.32, for a total value of $347,400.16. Following the sale, the insider now directly owns 43,058 shares of the company’s stock, valued at approximately $3,975,114.56. This represents a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,957 shares of company stock valued at $5,239,306 in the last three months. Corporate insiders own 3.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on SIG. Telsey Advisory Group reissued a “market perform” rating and issued a $87.00 target price on shares of Signet Jewelers in a report on Wednesday, October 2nd. Bank of America dropped their price target on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Wells Fargo & Company raised their price target on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group dropped their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Signet Jewelers has an average rating of “Moderate Buy” and a consensus price target of $109.60.

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.