Signet Jewelers Limited $SIG Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of Signet Jewelers Limited (NYSE:SIG) by 43.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 335,483 shares of the company’s stock after purchasing an additional 101,487 shares during the quarter. Victory Capital Management Inc.’s holdings in Signet Jewelers were worth $32,180,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Segall Bryant & Hamill LLC boosted its position in shares of Signet Jewelers by 163.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 34,919 shares of the company’s stock worth $3,349,000 after purchasing an additional 21,660 shares during the period. Royce & Associates LP boosted its stake in shares of Signet Jewelers by 2.5% in the 3rd quarter. Royce & Associates LP now owns 210,076 shares of the company’s stock valued at $20,150,000 after buying an additional 5,078 shares during the period. American Century Companies Inc. raised its holdings in Signet Jewelers by 12.3% in the third quarter. American Century Companies Inc. now owns 1,592,735 shares of the company’s stock valued at $152,775,000 after acquiring an additional 174,873 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Signet Jewelers by 137.7% in the 3rd quarter. Quantbot Technologies LP now owns 40,819 shares of the company’s stock valued at $3,915,000 after purchasing an additional 23,646 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Signet Jewelers during the 3rd quarter worth $64,000.

Wall Street Analysts Forecast Growth

SIG has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $96.00 price target (up from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Zacks Research lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Wall Street Zen cut shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, January 21st. Finally, Stephens initiated coverage on Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Signet Jewelers currently has an average rating of “Moderate Buy” and an average price target of $109.67.

Signet Jewelers Stock Down 3.0%

NYSE:SIG opened at $90.90 on Monday. The stock has a market cap of $3.70 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.00 and a beta of 1.25. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $110.20. The firm’s fifty day simple moving average is $92.11 and its 200-day simple moving average is $93.61.

Signet Jewelers Company 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.