Signet Jewelers Limited $SIG is Lakewood Capital Management LP’s 9th Largest Position

Lakewood Capital Management LP reduced its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 24.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 486,300 shares of the company’s stock after selling 157,700 shares during the quarter. Signet Jewelers accounts for 3.5% of Lakewood Capital Management LP’s portfolio, making the stock its 9th biggest holding. Lakewood Capital Management LP owned about 1.19% of Signet Jewelers worth $46,646,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SIG. Royal Bank of Canada lifted its stake in Signet Jewelers by 87.2% during the 1st quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock valued at $1,020,000 after acquiring an additional 8,183 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Signet Jewelers by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $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 raised its holdings in shares of Signet Jewelers by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company’s stock valued at $7,117,000 after purchasing an additional 10,964 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Signet Jewelers during the second quarter valued at approximately $599,000. Finally, Savant Capital LLC bought a new position in Signet Jewelers during the second quarter valued at approximately $278,000.

Signet Jewelers Trading Down 1.3%

Shares of SIG stock opened at $82.28 on Friday. Signet Jewelers Limited has a 12 month low of $46.62 and a 12 month high of $110.20. The stock has a market cap of $3.35 billion, a P/E ratio of 24.56, a P/E/G ratio of 0.90 and a beta of 1.25. The company has a 50 day simple moving average of $92.40 and a two-hundred day simple moving average of $93.55.

Analyst Upgrades and Downgrades

SIG has been the topic of several research reports. Wells Fargo & Company dropped their target price on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 3rd. Wall Street Zen raised Signet Jewelers from a “buy” rating to a “strong-buy” rating in a report on Saturday. UBS Group raised their price target on Signet Jewelers from $115.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Signet Jewelers in a report on Monday. Finally, The Goldman Sachs Group upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.00.

About Signet Jewelers

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.