Pacer Advisors Inc. Trims Position in Signet Jewelers Limited (NYSE:SIG)

Pacer Advisors Inc. lowered its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,638,702 shares of the company’s stock after selling 302,983 shares during the quarter. Pacer Advisors Inc.’s holdings in Signet Jewelers were worth $132,260,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in Signet Jewelers by 1.0% during the 3rd quarter. State Street Corp now owns 1,756,075 shares of the company’s stock worth $181,122,000 after acquiring an additional 16,912 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Signet Jewelers by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 669,896 shares of the company’s stock worth $69,093,000 after purchasing an additional 30,820 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Signet Jewelers by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 310,852 shares of the company’s stock worth $32,061,000 after purchasing an additional 3,238 shares during the period. Rockefeller Capital Management L.P. grew its position in Signet Jewelers by 54.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 218,096 shares of the company’s stock valued at $22,494,000 after buying an additional 76,597 shares during the last quarter. Finally, Royce & Associates LP increased its stake in Signet Jewelers by 5.9% in the 3rd quarter. Royce & Associates LP now owns 192,721 shares of the company’s stock valued at $19,877,000 after buying an additional 10,750 shares during the period.

Signet Jewelers Stock Performance

Shares of SIG opened at $60.46 on Monday. The company has a market capitalization of $2.63 billion, a PE ratio of 6.96, a P/E/G ratio of 3.84 and a beta of 2.13. Signet Jewelers Limited has a 52-week low of $54.44 and a 52-week high of $112.06. The company has a 50-day simple moving average of $81.72 and a 200-day simple moving average of $86.19. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the business posted $0.24 earnings per share. Equities research analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, January 24th. This represents a $1.16 annualized dividend and a yield of 1.92%. Signet Jewelers’s dividend payout ratio is presently 13.35%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Bank of America cut their price target on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Telsey Advisory Group lowered their price objective on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, January 15th. Finally, StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus target price of $95.20.

Signet Jewelers 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.