UBS Asset Management Americas Inc. decreased its holdings in shares of Signet Jewelers Ltd. (NYSE:SIG) by 80.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,748 shares of the company’s stock after selling 281,761 shares during the period. UBS Asset Management Americas Inc. owned 0.11% of Signet Jewelers worth $3,831,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Schroder Investment Management Group bought a new position in shares of Signet Jewelers in the 4th quarter worth approximately $47,013,000. Global X Management Co. LLC raised its position in shares of Signet Jewelers by 3,283.0% in the 4th quarter. Global X Management Co. LLC now owns 11,908 shares of the company’s stock worth $673,000 after acquiring an additional 11,556 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Signet Jewelers by 35.8% in the 4th quarter. Wells Fargo & Company MN now owns 350,150 shares of the company’s stock worth $19,801,000 after acquiring an additional 92,256 shares in the last quarter. Hosking Partners LLP raised its position in shares of Signet Jewelers by 7.4% in the 4th quarter. Hosking Partners LLP now owns 127,883 shares of the company’s stock worth $7,232,000 after acquiring an additional 8,834 shares in the last quarter. Finally, Barings LLC raised its position in shares of Signet Jewelers by 75.3% in the 4th quarter. Barings LLC now owns 46,800 shares of the company’s stock worth $2,647,000 after acquiring an additional 20,100 shares in the last quarter.
Shares of Signet Jewelers Ltd. (SIG) opened at $47.91 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 0.76. The firm has a market capitalization of $2,959.23, a P/E ratio of 7.88, a P/E/G ratio of 1.01 and a beta of 0.73. Signet Jewelers Ltd. has a 52 week low of $46.09 and a 52 week high of $77.94.
In related news, insider Oded Edelman purchased 90,398 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The shares were bought at an average price of $55.31 per share, for a total transaction of $4,999,913.38. Following the purchase, the insider now directly owns 33,962 shares of the company’s stock, valued at approximately $1,878,438.22. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company’s stock.
Several research analysts have recently issued reports on SIG shares. Bank of America set a $66.00 target price on Signet Jewelers and gave the stock a “buy” rating in a research report on Saturday, November 25th. Nomura reissued a “buy” rating and issued a $64.00 target price on shares of Signet Jewelers in a research report on Wednesday, November 22nd. Needham & Company LLC reissued a “buy” rating and issued a $60.00 target price on shares of Signet Jewelers in a research report on Wednesday, November 22nd. They noted that the move was a valuation call. Vetr lowered Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $57.72 target price for the company. in a research report on Monday, December 11th. Finally, ValuEngine upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $62.78.
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About Signet Jewelers
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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