State of Wisconsin Investment Board lessened its position in shares of Signet Jewelers Limited (NYSE:SIG) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,325 shares of the company’s stock after selling 4,549 shares during the quarter. State of Wisconsin Investment Board owned about 0.08% of Signet Jewelers worth $3,216,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in SIG. Morgan Stanley raised its position in shares of Signet Jewelers by 34.5% during the 1st quarter. Morgan Stanley now owns 148,486 shares of the company’s stock valued at $10,286,000 after buying an additional 38,074 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Signet Jewelers during the 1st quarter valued at approximately $8,174,000. Nuveen Asset Management LLC purchased a new stake in shares of Signet Jewelers during the 1st quarter valued at approximately $901,000. Bank of Montreal Can raised its position in Signet Jewelers by 29.5% in the second quarter. Bank of Montreal Can now owns 20,407 shares of the company’s stock valued at $1,292,000 after purchasing an additional 4,647 shares during the period. Finally, Gateway Investment Advisers LLC raised its position in Signet Jewelers by 1.8% in the second quarter. Gateway Investment Advisers LLC now owns 5,201 shares of the company’s stock valued at $329,000 after purchasing an additional 91 shares during the period.
Shares of Signet Jewelers Limited (NYSE SIG) traded up $0.39 during mid-day trading on Thursday, hitting $51.31. 1,374,151 shares of the company were exchanged, compared to its average volume of 1,917,828. The company has a current ratio of 2.63, a quick ratio of 0.76 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3,045.97, a P/E ratio of 7.71, a P/E/G ratio of 1.01 and a beta of 0.94. Signet Jewelers Limited has a 12-month low of $46.09 and a 12-month high of $99.19.
A number of analysts have issued reports on SIG shares. Wells Fargo & Company set a $97.00 target price on Signet Jewelers and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Needham & Company LLC set a $69.00 target price on Signet Jewelers and gave the company a “buy” rating in a research report on Saturday, August 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $63.00 target price on shares of Signet Jewelers in a research report on Thursday, August 17th. Instinet reissued a “buy” rating and issued a $73.00 target price (up previously from $70.00) on shares of Signet Jewelers in a research report on Monday, August 28th. Finally, Zacks Investment Research raised Signet Jewelers from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Monday, September 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. Signet Jewelers has a consensus rating of “Hold” and a consensus price target of $66.00.
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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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