Pacer Advisors Inc. Sells 127,386 Shares of Signet Jewelers Limited (NYSE:SIG)

Pacer Advisors Inc. lessened its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,941,685 shares of the company’s stock after selling 127,386 shares during the quarter. Pacer Advisors Inc. owned about 4.41% of Signet Jewelers worth $200,265,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Select Equity Group L.P. increased its stake in Signet Jewelers by 2.9% in the 2nd quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock worth $622,562,000 after purchasing an additional 193,977 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Signet Jewelers by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock valued at $213,809,000 after purchasing an additional 149,934 shares in the last quarter. Eminence Capital LP boosted its holdings in Signet Jewelers by 71.3% in the second quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock worth $75,644,000 after acquiring an additional 351,588 shares in the last quarter. Anomaly Capital Management LP boosted its holdings in Signet Jewelers by 12.4% in the second quarter. Anomaly Capital Management LP now owns 691,451 shares of the company’s stock worth $61,940,000 after acquiring an additional 76,534 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Signet Jewelers by 38.2% in the first quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock worth $65,646,000 after purchasing an additional 181,207 shares during the last quarter.

Signet Jewelers Price Performance

NYSE:SIG opened at $96.66 on Thursday. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.07 and a beta of 2.12. The company has a 50 day moving average price of $96.13 and a 200-day moving average price of $91.48. Signet Jewelers Limited has a 1-year low of $72.26 and a 1-year high of $112.06.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.14 by $0.11. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 EPS. On average, sell-side analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s payout ratio is presently 13.43%.

Wall Street Analyst Weigh In

A number of analysts have commented on SIG shares. UBS Group reduced their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $87.00 price objective on shares of Signet Jewelers in a research note on Wednesday, October 2nd. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Bank of America reduced their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Finally, Wells Fargo & Company lifted their price objective on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Signet Jewelers has an average rating of “Moderate Buy” and a consensus target price of $109.60.

Insider Buying and Selling

In other news, insider Mary Elizabeth Finn sold 8,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $80.00, for a total transaction of $640,000.00. Following the completion of the sale, the insider now owns 46,821 shares of the company’s stock, valued at $3,745,680. This represents a 14.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $99.63, for a total transaction of $332,066.79. Following the transaction, the director now directly owns 26,085 shares in the company, valued at approximately $2,598,848.55. The trade was a 11.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,957 shares of company stock valued at $5,239,306. 3.26% of the stock is owned by corporate insiders.

Signet Jewelers Company Profile

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.