Russell Investments Group Ltd. reduced its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 90,183 shares of the company’s stock after selling 6,261 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% of Signet Jewelers worth $6,006,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Signet Jewelers by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 6,650,379 shares of the company’s stock worth $420,569,000 after buying an additional 97,075 shares during the period. Capital Research Global Investors raised its holdings in Signet Jewelers by 1.7% during the 2nd quarter. Capital Research Global Investors now owns 5,377,336 shares of the company’s stock worth $340,063,000 after buying an additional 88,336 shares during the period. BlackRock Inc. raised its holdings in Signet Jewelers by 6.6% during the 2nd quarter. BlackRock Inc. now owns 4,416,710 shares of the company’s stock worth $279,313,000 after buying an additional 272,979 shares during the period. State Street Corp raised its holdings in Signet Jewelers by 2.1% during the 2nd quarter. State Street Corp now owns 3,365,495 shares of the company’s stock worth $212,841,000 after buying an additional 69,756 shares during the period. Finally, Investec Asset Management LTD raised its holdings in Signet Jewelers by 14.1% during the 2nd quarter. Investec Asset Management LTD now owns 1,902,829 shares of the company’s stock worth $120,335,000 after buying an additional 235,207 shares during the period.
Signet Jewelers Limited (NYSE SIG) traded up $1.91 during midday trading on Monday, hitting $53.22. 2,415,000 shares of the stock were exchanged, compared to its average volume of 1,919,925. The company has a quick ratio of 0.76, a current ratio of 2.63 and a debt-to-equity ratio of 0.33. Signet Jewelers Limited has a 12 month low of $46.09 and a 12 month high of $98.88. The firm has a market capitalization of $3,220.00, a P/E ratio of 8.14, a PEG ratio of 1.06 and a beta of 0.94.
Several brokerages have commented on SIG. Cowen restated a “market perform” rating and set a $67.00 target price (up from $61.00) on shares of Signet Jewelers in a report on Tuesday, September 12th. Vetr downgraded shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $57.72 target price on the stock. in a report on Monday. Needham & Company LLC set a $69.00 price objective on shares of Signet Jewelers and gave the company a “buy” rating in a report on Saturday, August 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $63.00 price objective on shares of Signet Jewelers in a report on Thursday, August 17th. Finally, Telsey Advisory Group lifted their price objective on shares of Signet Jewelers from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $65.48.
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Signet Jewelers 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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