Victory Capital Management Inc. Boosts Position in Signet Jewelers Limited $SIG

Victory Capital Management Inc. boosted its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 43.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 335,483 shares of the company’s stock after buying an additional 101,487 shares during the quarter. Victory Capital Management Inc. owned approximately 0.82% of Signet Jewelers worth $32,180,000 at the end of the most recent quarter.

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

Signet Jewelers Stock Down 3.0%

Shares of Signet Jewelers stock opened at $90.90 on Monday. The firm has a market cap of $3.70 billion, a PE ratio of 27.13, a P/E/G ratio of 1.00 and a beta of 1.25. The business has a 50-day moving average price of $92.11 and a 200 day moving average price of $93.61. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $110.20.

Analyst Upgrades and Downgrades

SIG has been the subject of several analyst reports. Stephens initiated coverage on shares of Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price objective for the company. The Goldman Sachs Group upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Telsey Advisory Group restated a “market perform” rating and set a $96.00 price objective (up from $92.00) on shares of Signet Jewelers in a research note on Tuesday, December 2nd. Jefferies Financial Group raised their price target on shares of Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Finally, Wall Street Zen cut Signet Jewelers from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Signet Jewelers has an average rating of “Moderate Buy” and a consensus price target of $109.67.

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.