Zurcher Kantonalbank Zurich Cantonalbank Has $1.04 Million Stock Position in Signet Jewelers Limited (NYSE:SIG)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Signet Jewelers Limited (NYSE:SIG) by 23.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,909 shares of the company’s stock after purchasing an additional 2,411 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Signet Jewelers were worth $1,042,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in shares of Signet Jewelers by 3.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,517 shares of the company’s stock worth $526,000 after buying an additional 205 shares during the period. KBC Group NV boosted its position in Signet Jewelers by 25.5% during the third quarter. KBC Group NV now owns 1,293 shares of the company’s stock valued at $133,000 after acquiring an additional 263 shares during the last quarter. Franklin Resources Inc. grew its holdings in Signet Jewelers by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 34,122 shares of the company’s stock worth $3,330,000 after acquiring an additional 288 shares during the period. Atria Investments Inc raised its position in shares of Signet Jewelers by 14.5% in the 4th quarter. Atria Investments Inc now owns 2,815 shares of the company’s stock worth $227,000 after acquiring an additional 356 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Signet Jewelers by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock valued at $57,000 after purchasing an additional 421 shares during the period.

Signet Jewelers Price Performance

Shares of NYSE:SIG opened at $56.73 on Thursday. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $112.06. The stock’s 50 day moving average is $55.25 and its 200-day moving average is $78.66. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 6.53, a PEG ratio of 3.43 and a beta of 2.20.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, topping the consensus estimate of $6.39 by $0.23. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The business’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.73 earnings per share. Sell-side analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Insider Buying and Selling at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the transaction, the director now owns 22,752 shares in the company, valued at $1,231,565.76. This trade represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.26% of the company’s stock.

Analyst Upgrades and Downgrades

SIG has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on 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 lowered their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Telsey Advisory Group reiterated a “market perform” rating and set a $55.00 target price on shares of Signet Jewelers in a research report on Wednesday. Finally, StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Signet Jewelers currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.20.

About Signet Jewelers

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.