Segall Bryant & Hamill LLC Increases Holdings in Signet Jewelers Limited $SIG

Segall Bryant & Hamill LLC raised its stake in Signet Jewelers Limited (NYSE:SIG) by 163.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,919 shares of the company’s stock after acquiring an additional 21,660 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.09% of Signet Jewelers worth $3,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SIG. Salomon & Ludwin LLC bought a new position in Signet Jewelers in the 3rd quarter worth about $31,000. EverSource Wealth Advisors LLC increased its stake in Signet Jewelers by 171.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after purchasing an additional 428 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Signet Jewelers in the third quarter worth approximately $64,000. State of Wyoming bought a new position in shares of Signet Jewelers in the second quarter worth approximately $69,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Signet Jewelers by 48.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,146 shares of the company’s stock valued at $111,000 after buying an additional 372 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. Jefferies Financial Group boosted their price target on Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. UBS Group reaffirmed a “buy” rating on shares of Signet Jewelers in a research report on Wednesday, December 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $93.84 on Friday. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $110.20. The stock has a fifty day moving average of $91.99 and a 200 day moving average of $93.38. The stock has a market cap of $3.82 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.05 and a beta of 1.25.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.47. Signet Jewelers had a return on equity of 24.44% and a net margin of 2.13%.The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the company posted $0.25 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers 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.