Maverick Capital Ltd. Makes New $334,000 Investment in Signet Jewelers Limited (NYSE:SIG)

Maverick Capital Ltd. bought a new stake in shares of Signet Jewelers Limited (NYSE:SIG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,240 shares of the company’s stock, valued at approximately $334,000.

Other large investors have also recently made changes to their positions in the company. PDT Partners LLC lifted its stake in Signet Jewelers by 6.8% in the third quarter. PDT Partners LLC now owns 13,953 shares of the company’s stock worth $1,439,000 after acquiring an additional 892 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Signet Jewelers by 54.1% in the third quarter. Rockefeller Capital Management L.P. now owns 218,096 shares of the company’s stock worth $22,494,000 after purchasing an additional 76,597 shares in the last quarter. Martingale Asset Management L P raised its holdings in Signet Jewelers by 55.4% in the third quarter. Martingale Asset Management L P now owns 8,022 shares of the company’s stock worth $827,000 after purchasing an additional 2,861 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Signet Jewelers by 1.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 97,840 shares of the company’s stock worth $10,091,000 after purchasing an additional 1,304 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Signet Jewelers by 3.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,498 shares of the company’s stock worth $1,083,000 after purchasing an additional 330 shares in the last quarter.

Insiders Place Their Bets

In other Signet Jewelers news, insider Mary Elizabeth Finn sold 3,763 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $92.32, for a total value of $347,400.16. Following the sale, the insider now owns 43,058 shares in the company, valued at approximately $3,975,114.56. This represents a 8.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Rebecca Wooters sold 22,151 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total value of $2,192,949.00. Following the completion of the sale, the insider now owns 68,343 shares in the company, valued at approximately $6,765,957. This represents a 24.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,957 shares of company stock worth $4,599,306. Corporate insiders own 3.26% of the company’s stock.

Wall Street Analysts Forecast Growth

SIG has been the subject of a number of recent research reports. Bank of America reduced their target price on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th. UBS Group cut their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Telsey Advisory Group restated a “market perform” rating and set a $87.00 price objective on shares of Signet Jewelers in a report on Wednesday, November 27th. StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company upped their price objective on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.60.

Signet Jewelers Trading Up 0.2 %

Shares of NYSE:SIG opened at $100.20 on Monday. Signet Jewelers Limited has a twelve month low of $72.26 and a twelve month high of $112.06. The company’s 50 day moving average is $97.33 and its 200 day moving average is $91.67. The company has a market cap of $4.41 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 1.14 and a beta of 2.12.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.11. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company earned $1.55 EPS. Signet Jewelers’s quarterly revenue was down 7.6% on a year-over-year basis. Equities research analysts predict that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 1.16%. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.43%.

Signet Jewelers Company Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.