IBM Retirement Fund decreased its position in shares of Signet Jewelers Limited (NYSE:SIG) by 6.8% during the third quarter, Holdings Channel reports. The fund owned 7,385 shares of the company’s stock after selling 543 shares during the period. IBM Retirement Fund’s holdings in Signet Jewelers Limited were worth $550,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Signet Jewelers Limited by 0.4% in the second quarter. Vanguard Group Inc. now owns 6,825,467 shares of the company’s stock worth $562,486,000 after buying an additional 24,299 shares during the last quarter. Farallon Capital Management LLC boosted its position in shares of Signet Jewelers Limited by 47.0% in the second quarter. Farallon Capital Management LLC now owns 2,812,471 shares of the company’s stock worth $231,776,000 after buying an additional 899,618 shares during the last quarter. Nicholas Co. Inc. WI boosted its position in shares of Signet Jewelers Limited by 885.3% in the second quarter. Nicholas Co. Inc. WI now owns 1,082,895 shares of the company’s stock worth $89,241,000 after buying an additional 972,995 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of Signet Jewelers Limited by 154.4% in the second quarter. Point72 Asset Management L.P. now owns 1,063,000 shares of the company’s stock worth $87,602,000 after buying an additional 645,100 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Signet Jewelers Limited by 8.2% in the second quarter. TIAA CREF Investment Management LLC now owns 887,180 shares of the company’s stock worth $73,113,000 after buying an additional 67,038 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

Institutional Ownership by Quarter for Signet Jewelers Limited (NYSE:SIG)

Shares of Signet Jewelers Limited (NYSE:SIG) traded down 4.24% during trading on Friday, hitting $80.78. The stock had a trading volume of 3,152,030 shares. The company has a market cap of $5.62 billion, a P/E ratio of 12.09 and a beta of 1.22. Signet Jewelers Limited has a 12 month low of $72.65 and a 12 month high of $125.45. The stock has a 50-day moving average price of $92.49 and a 200 day moving average price of $86.14.

Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. Signet Jewelers Limited had a return on equity of 19.67% and a net margin of 7.93%. The company’s revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 earnings per share. Equities analysts expect that Signet Jewelers Limited will post $7.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Friday, January 27th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Wednesday, January 25th. Signet Jewelers Limited’s dividend payout ratio is presently 15.88%.

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SIG has been the topic of a number of recent research reports. Citigroup Inc. reiterated a “neutral” rating and set a $90.00 price target (up from $83.00) on shares of Signet Jewelers Limited in a research report on Saturday, November 26th. Wells Fargo & Company restated an “outperform” rating and issued a $109.00 target price (up previously from $102.50) on shares of Signet Jewelers Limited in a report on Monday, November 28th. Royal Bank Of Canada raised their target price on shares of Signet Jewelers Limited from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday. Vetr cut shares of Signet Jewelers Limited from a “hold” rating to a “sell” rating and set a $86.00 target price on the stock. in a report on Monday, November 14th. Finally, Zacks Investment Research cut shares of Signet Jewelers Limited from a “buy” rating to a “hold” rating in a report on Tuesday, December 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $105.75.

About Signet Jewelers Limited

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.

5 Day Chart for NYSE:SIG

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