Segall Bryant & Hamill LLC Acquires 21,660 Shares of Signet Jewelers Limited $SIG

Segall Bryant & Hamill LLC increased its stake in Signet Jewelers Limited (NYSE:SIG) by 163.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,919 shares of the company’s stock after purchasing an additional 21,660 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Signet Jewelers were worth $3,349,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Royal Bank of Canada increased its position in Signet Jewelers by 87.2% in the first quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock worth $1,020,000 after buying an additional 8,183 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Signet Jewelers by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock valued at $49,333,000 after acquiring an additional 213,365 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Signet Jewelers by 9.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company’s stock worth $7,117,000 after acquiring an additional 10,964 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Signet Jewelers during the 2nd quarter worth approximately $599,000. Finally, Atria Investments Inc bought a new stake in Signet Jewelers during the 2nd quarter worth approximately $319,000.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SIG shares. Zacks Research cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Stephens began coverage on shares of Signet Jewelers in a report on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 target price for the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $96.00 price target (up from $92.00) on shares of Signet Jewelers in a research note on Tuesday, December 2nd. Wall Street Zen cut Signet Jewelers from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 22nd. Finally, Jefferies Financial Group boosted their price objective on Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $109.67.

Signet Jewelers Stock Performance

SIG opened at $93.84 on Friday. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.05 and a beta of 1.25. The company has a fifty day moving average of $91.99 and a 200 day moving average of $93.38. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $110.20.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.16 by $0.47. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, equities research analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

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.