Texas Permanent School Fund boosted its holdings in Signet Jewelers Ltd. (NYSE:SIG) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,971 shares of the company’s stock after purchasing an additional 1,308 shares during the period. Texas Permanent School Fund’s holdings in Signet Jewelers were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in SIG. State of New Jersey Common Pension Fund D acquired a new stake in Signet Jewelers in the fourth quarter valued at $19,062,000. JPMorgan Chase & Co. lifted its stake in Signet Jewelers by 95.6% in the third quarter. JPMorgan Chase & Co. now owns 542,140 shares of the company’s stock valued at $35,744,000 after acquiring an additional 265,018 shares during the last quarter. LSV Asset Management lifted its stake in Signet Jewelers by 160.1% in the fourth quarter. LSV Asset Management now owns 368,500 shares of the company’s stock valued at $11,707,000 after acquiring an additional 226,826 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Signet Jewelers in the third quarter valued at $12,958,000. Finally, Dimensional Fund Advisors LP lifted its stake in Signet Jewelers by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,976,414 shares of the company’s stock valued at $262,164,000 after acquiring an additional 166,590 shares during the last quarter.
NYSE SIG opened at $27.13 on Friday. The company has a quick ratio of 0.27, a current ratio of 2.20 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.41 billion, a PE ratio of 4.17, a P/E/G ratio of 1.31 and a beta of 1.04. Signet Jewelers Ltd. has a 52-week low of $23.61 and a 52-week high of $71.07.
A number of analysts have commented on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $60.00 price target (down previously from $69.00) on shares of Signet Jewelers in a research note on Monday, December 3rd. Nomura set a $42.00 target price on shares of Signet Jewelers and gave the stock a “hold” rating in a research note on Monday, December 10th. Wells Fargo & Co cut their target price on shares of Signet Jewelers from $42.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday, January 2nd. Citigroup cut shares of Signet Jewelers from a “neutral” rating to a “sell” rating and set a $24.76 target price for the company. in a research note on Friday, January 18th. Finally, Royal Bank of Canada cut their target price on shares of Signet Jewelers to $46.00 and set an “in-line” rating for the company in a research note on Friday, December 7th. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $41.53.
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Signet Jewelers Company Profile
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as JamesAllen.com, an online jewelry retailer Website.
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