Sapience Investments LLC grew its holdings in Signet Jewelers Ltd. (NYSE:SIG) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 532,010 shares of the company’s stock after purchasing an additional 22,255 shares during the quarter. Signet Jewelers comprises 4.1% of Sapience Investments LLC’s portfolio, making the stock its 2nd biggest holding. Sapience Investments LLC owned approximately 0.88% of Signet Jewelers worth $30,085,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of SIG. Discovery Capital Management LLC CT acquired a new stake in shares of Signet Jewelers in the fourth quarter valued at about $77,095,000. Alliancebernstein L.P. lifted its stake in shares of Signet Jewelers by 1,105.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,302,225 shares of the company’s stock valued at $73,641,000 after buying an additional 1,194,187 shares during the period. Schroder Investment Management Group bought a new stake in shares of Signet Jewelers in the fourth quarter valued at about $47,013,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Signet Jewelers by 998.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 528,255 shares of the company’s stock valued at $29,873,000 after buying an additional 480,155 shares during the period. Finally, Guggenheim Capital LLC lifted its stake in shares of Signet Jewelers by 86.4% in the fourth quarter. Guggenheim Capital LLC now owns 906,766 shares of the company’s stock valued at $51,277,000 after buying an additional 420,413 shares during the period.
Several research firms recently weighed in on SIG. Zacks Investment Research upgraded shares of Signet Jewelers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Royal Bank of Canada reduced their target price on shares of Signet Jewelers from $66.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, November 22nd. Wells Fargo & Co cut shares of Signet Jewelers from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $75.00 to $60.00 in a research note on Tuesday, November 21st. Finally, Telsey Advisory Group reduced their target price on shares of Signet Jewelers from $83.00 to $60.00 and set a “market perform” rating for the company in a research note on Wednesday, November 22nd. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $63.31.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Thursday, February 1st. Signet Jewelers’s dividend payout ratio is 20.39%.
In other Signet Jewelers news, insider Oded Edelman purchased 90,398 shares of the business’s stock in a transaction on Friday, January 12th. The stock was purchased at an average price of $55.31 per share, for a total transaction of $4,999,913.38. Following the completion of the purchase, the insider now directly owns 33,962 shares in the company, valued at $1,878,438.22. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by company insiders.
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Signet Jewelers Company Profile
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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