Victory Capital Management Inc. Lowers Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

Victory Capital Management Inc. reduced its position in shares of Signet Jewelers Limited (NYSE:SIG) by 61.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 18,642 shares of the company’s stock after selling 29,699 shares during the period. Victory Capital Management Inc.’s holdings in Signet Jewelers were worth $1,082,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of Signet Jewelers by 40.5% during the first quarter. Versant Capital Management Inc now owns 773 shares of the company’s stock worth $45,000 after buying an additional 223 shares during the period. SummerHaven Investment Management LLC boosted its position in shares of Signet Jewelers by 2.7% during the first quarter. SummerHaven Investment Management LLC now owns 9,214 shares of the company’s stock worth $535,000 after buying an additional 242 shares during the period. Yousif Capital Management LLC boosted its position in shares of Signet Jewelers by 2.0% during the first quarter. Yousif Capital Management LLC now owns 17,087 shares of the company’s stock worth $992,000 after buying an additional 341 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Signet Jewelers by 3.3% during the first quarter. Nisa Investment Advisors LLC now owns 10,784 shares of the company’s stock worth $626,000 after buying an additional 344 shares during the period. Finally, Gallagher Fiduciary Advisors LLC boosted its position in shares of Signet Jewelers by 14.7% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 2,788 shares of the company’s stock worth $225,000 after buying an additional 358 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently commented on SIG shares. CL King started coverage on Signet Jewelers in a research report on Monday, May 5th. They set a “buy” rating and a $80.00 price target for the company. Citigroup increased their price objective on Signet Jewelers from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Telsey Advisory Group increased their price objective on Signet Jewelers from $80.00 to $92.00 and gave the company a “market perform” rating in a research note on Friday, July 25th. Wall Street Zen cut Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Finally, Wells Fargo & Company increased their price objective on Signet Jewelers from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 4th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $88.86.

Signet Jewelers Price Performance

NYSE:SIG opened at $78.60 on Thursday. The firm has a market capitalization of $3.23 billion, a PE ratio of 85.44, a price-to-earnings-growth ratio of 0.73 and a beta of 1.39. The business’s fifty day moving average price is $78.38 and its 200 day moving average price is $64.33. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $106.28.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Tuesday, June 3rd. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.01 by $0.17. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a return on equity of 22.41% and a net margin of 0.63%. Signet Jewelers’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 earnings per share. As a group, equities analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 25th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.63%. The ex-dividend date is Friday, July 25th. Signet Jewelers’s dividend payout ratio (DPR) is presently 139.13%.

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.