Blueshift Asset Management LLC Sells 4,175 Shares of Signet Jewelers Limited (NYSE:SIG)

Blueshift Asset Management LLC cut its holdings in Signet Jewelers Limited (NYSE:SIG) by 15.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,487 shares of the company’s stock after selling 4,175 shares during the quarter. Signet Jewelers accounts for approximately 0.7% of Blueshift Asset Management LLC’s holdings, making the stock its 21st largest position. Blueshift Asset Management LLC owned approximately 0.05% of Signet Jewelers worth $1,896,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Signet Jewelers by 1.0% during the third quarter. State Street Corp now owns 1,756,075 shares of the company’s stock valued at $181,122,000 after purchasing an additional 16,912 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Signet Jewelers by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 676,289 shares of the company’s stock worth $54,583,000 after buying an additional 6,393 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Signet Jewelers by 2.0% during the 4th quarter. Bank of New York Mellon Corp now owns 338,247 shares of the company’s stock valued at $27,300,000 after acquiring an additional 6,542 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Signet Jewelers by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 310,852 shares of the company’s stock valued at $32,061,000 after acquiring an additional 3,238 shares during the last quarter. Finally, William Blair Investment Management LLC grew its stake in shares of Signet Jewelers by 33.2% in the fourth quarter. William Blair Investment Management LLC now owns 309,129 shares of the company’s stock worth $24,950,000 after acquiring an additional 76,966 shares during the period.

Wall Street Analysts Forecast Growth

SIG has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Wells Fargo & Company lowered their price target on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $55.00 price objective on shares of Signet Jewelers in a report on Wednesday. Finally, Bank of America lowered their target price on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.20.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $54.13, for a total transaction of $180,415.29. Following the transaction, the director now owns 22,752 shares of the company’s stock, valued at $1,231,565.76. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.26% of the stock is currently owned by corporate insiders.

Signet Jewelers Trading Up 17.5 %

Shares of SIG stock opened at $56.73 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 6.53, a PEG ratio of 3.43 and a beta of 2.20. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $112.06. The firm has a fifty day moving average price of $55.25 and a 200-day moving average price of $78.66.

Signet Jewelers (NYSE:SIG) last released its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, beating the consensus estimate of $6.39 by $0.23. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.33 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. Signet Jewelers’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $6.73 earnings per share. As a group, equities analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

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.