William Blair Investment Management LLC Raises Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

William Blair Investment Management LLC grew its stake in Signet Jewelers Limited (NYSE:SIG) by 33.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 309,129 shares of the company’s stock after buying an additional 76,966 shares during the quarter. William Blair Investment Management LLC owned approximately 0.71% of Signet Jewelers worth $24,950,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp increased its position in Signet Jewelers by 1.0% in the third quarter. State Street Corp now owns 1,756,075 shares of the company’s stock worth $181,122,000 after buying an additional 16,912 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Signet Jewelers by 1.0% in the fourth 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 in the last quarter. Bank of New York Mellon Corp increased its position in Signet Jewelers by 2.0% in the fourth quarter. Bank of New York Mellon Corp now owns 338,247 shares of the company’s stock worth $27,300,000 after buying an additional 6,542 shares in the last quarter. JPMorgan Chase & Co. increased its position in Signet Jewelers by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 310,852 shares of the company’s stock worth $32,061,000 after buying an additional 3,238 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in Signet Jewelers by 54.1% in the third quarter. Rockefeller Capital Management L.P. now owns 218,096 shares of the company’s stock worth $22,494,000 after buying an additional 76,597 shares in the last quarter.

Insider Activity at Signet Jewelers

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction of $180,415.29. Following the completion of the transaction, the director now directly owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. This represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SIG has been the subject of a number of recent analyst reports. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Bank of America dropped their price objective on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Telsey Advisory Group dropped their price objective on Signet Jewelers from $65.00 to $55.00 and set a “market perform” rating for the company in a research note on Thursday, March 13th. Finally, Wells Fargo & Company dropped their price objective on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus price target of $93.20.

Signet Jewelers Price Performance

Shares of Signet Jewelers stock opened at $48.38 on Wednesday. The stock has a 50 day moving average of $55.61 and a 200 day moving average of $78.81. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $112.06. The firm has a market cap of $2.10 billion, a PE ratio of 5.57, a PEG ratio of 3.43 and a beta of 2.20. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14.

Signet Jewelers 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.