William Blair Investment Management LLC Has $26.01 Million Stock Position in Signet Jewelers Limited $SIG

William Blair Investment Management LLC reduced its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 11.1% in the third quarter, HoldingsChannel.com reports. The firm owned 271,136 shares of the company’s stock after selling 33,748 shares during the period. William Blair Investment Management LLC’s holdings in Signet Jewelers were worth $26,007,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Hood River Capital Management LLC bought a new position in shares of Signet Jewelers during the 2nd quarter worth approximately $56,537,000. Arrowstreet Capital Limited Partnership raised its position in shares of Signet Jewelers by 321.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company’s stock valued at $68,554,000 after purchasing an additional 657,444 shares during the period. Divisadero Street Capital Management LP purchased a new stake in shares of Signet Jewelers during the 2nd quarter valued at approximately $50,342,000. Bowen Hanes & Co. Inc. purchased a new stake in shares of Signet Jewelers during the 3rd quarter valued at approximately $47,837,000. Finally, LSV Asset Management boosted its holdings in Signet Jewelers by 263.4% in the 3rd quarter. LSV Asset Management now owns 567,300 shares of the company’s stock worth $54,415,000 after buying an additional 411,200 shares during the period.

Signet Jewelers Stock Performance

Shares of NYSE:SIG opened at $96.27 on Tuesday. The firm has a market capitalization of $3.92 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 1.06 and a beta of 1.25. Signet Jewelers Limited has a 52-week low of $45.55 and a 52-week high of $110.20. The firm has a fifty day moving average of $91.45 and a 200 day moving average of $93.25.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.47. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Signet Jewelers had a return on equity of 24.44% and a net margin of 2.13%.Signet Jewelers’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.25 EPS. On average, sell-side analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SIG. Zacks Research lowered shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Jefferies Financial Group lifted their price target on Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Telsey Advisory Group reiterated a “market perform” rating and set a $96.00 price objective (up from $92.00) on shares of Signet Jewelers in a research note on Tuesday, December 2nd. The Goldman Sachs Group upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, UBS Group reaffirmed a “buy” rating on shares of Signet Jewelers in a report on Wednesday, December 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

Signet Jewelers Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.