GW Henssler & Associates Ltd. Makes New Investment in Signet Jewelers Limited (NYSE:SIG)

GW Henssler & Associates Ltd. bought a new stake in shares of Signet Jewelers Limited (NYSE:SIG) during the third quarter, HoldingsChannel reports. The firm bought 2,204 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SIG. Nordea Investment Management AB boosted its stake in Signet Jewelers by 25.0% during the first quarter. Nordea Investment Management AB now owns 76,951 shares of the company’s stock worth $7,627,000 after acquiring an additional 15,376 shares in the last quarter. MidWestOne Financial Group Inc. grew its stake in shares of Signet Jewelers by 63.3% in the 2nd quarter. MidWestOne Financial Group Inc. now owns 16,974 shares of the company’s stock worth $1,521,000 after buying an additional 6,579 shares during the last quarter. Cetera Advisors LLC purchased a new position in Signet Jewelers during the first quarter valued at $1,093,000. Illinois Municipal Retirement Fund raised its stake in Signet Jewelers by 97.3% during the first quarter. Illinois Municipal Retirement Fund now owns 45,593 shares of the company’s stock valued at $4,562,000 after buying an additional 22,482 shares during the last quarter. Finally, Boston Partners purchased a new stake in shares of Signet Jewelers in the first quarter worth $1,088,000.

Analysts Set New Price Targets

SIG has been the subject of several recent analyst reports. Bank of America lowered 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. Wells Fargo & Company upped their target price on shares of Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Telsey Advisory Group reiterated a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a report on Wednesday, October 2nd. UBS Group decreased their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Finally, StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Signet Jewelers has an average rating of “Moderate Buy” and a consensus target price of $109.60.

Signet Jewelers Stock Up 1.0 %

Shares of SIG stock opened at $93.39 on Wednesday. The company has a 50 day moving average price of $91.23 and a 200-day moving average price of $91.69. Signet Jewelers Limited has a 52 week low of $67.18 and a 52 week high of $112.06. The firm has a market capitalization of $4.11 billion, a PE ratio of 10.81, a P/E/G ratio of 1.04 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 8.58% and a return on equity of 29.90%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 EPS. Analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s dividend payout ratio is 13.43%.

Insiders Place Their Bets

In other news, insider Oded Edelman sold 9,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $74.55, for a total transaction of $670,950.00. Following the completion of the sale, the insider now owns 28,398 shares of the company’s stock, valued at $2,117,070.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $80.00, for a total transaction of $640,000.00. Following the transaction, the insider now directly owns 46,821 shares in the company, valued at approximately $3,745,680. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Oded Edelman sold 9,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $74.55, for a total value of $670,950.00. Following the completion of the sale, the insider now owns 28,398 shares of the company’s stock, valued at approximately $2,117,070.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,957 shares of company stock valued at $5,910,256. Insiders own 3.26% of the company’s stock.

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.