Bank of New York Mellon Corp Trims Holdings in Signet Jewelers Limited (SIG)
Bank of New York Mellon Corp cut its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 506,972 shares of the company’s stock after selling 22,938 shares during the quarter. Bank of New York Mellon Corp owned 0.84% of Signet Jewelers worth $33,738,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Bank of Australia lifted its holdings in Signet Jewelers by 5.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock worth $101,000 after buying an additional 85 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. acquired a new stake in Signet Jewelers during the 2nd quarter worth approximately $121,000. Tower Research Capital LLC TRC lifted its holdings in Signet Jewelers by 19.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock worth $128,000 after buying an additional 335 shares in the last quarter. Pitcairn Co. acquired a new stake in Signet Jewelers during the 3rd quarter worth approximately $203,000. Finally, ING Groep NV acquired a new stake in Signet Jewelers during the 2nd quarter worth approximately $240,000.
Signet Jewelers Limited (SIG) traded up $1.91 during midday trading on Friday, hitting $53.22. 2,413,555 shares of the company were exchanged, compared to its average volume of 3,753,605. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 0.76. The stock has a market cap of $3,099.12, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 1.02 and a beta of 0.94. Signet Jewelers Limited has a 1 year low of $46.09 and a 1 year high of $98.88.
SIG has been the topic of a number of research reports. Cowen set a $54.00 target price on shares of Signet Jewelers and gave the stock a “hold” rating in a report on Saturday, November 25th. Wells Fargo & Company set a $97.00 price objective on shares of Signet Jewelers and gave the company a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research lowered shares of Signet Jewelers from a “hold” rating to a “strong sell” rating in a report on Monday, November 27th. Needham & Company LLC set a $69.00 price objective on shares of Signet Jewelers and gave the company a “buy” rating in a report on Friday, August 25th. Finally, Buckingham Research restated a “neutral” rating and issued a $51.00 price objective on shares of Signet Jewelers in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $66.00.
Signet Jewelers Profile
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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