Vaughan Nelson Investment Management L.P. Has $35.41 Million Position in Signet Jewelers Limited (NYSE:SIG)

Vaughan Nelson Investment Management L.P. lessened its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 34.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 343,315 shares of the company’s stock after selling 183,830 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.78% of Signet Jewelers worth $35,410,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SIG. Harbor Capital Advisors Inc. acquired a new position in Signet Jewelers in the third quarter valued at about $25,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Signet Jewelers in the 2nd quarter valued at approximately $51,000. Hexagon Capital Partners LLC boosted its stake in Signet Jewelers by 33.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after acquiring an additional 175 shares during the last quarter. Blue Trust Inc. grew its holdings in Signet Jewelers by 15.3% during the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after purchasing an additional 122 shares during the period. Finally, CWM LLC increased its stake in Signet Jewelers by 177.3% in the third quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after purchasing an additional 734 shares in the last quarter.

Analyst Ratings Changes

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

Signet Jewelers Stock Performance

Shares of NYSE SIG opened at $97.16 on Friday. The stock has a 50 day moving average price of $95.01 and a 200 day moving average price of $91.49. The stock has a market capitalization of $4.28 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.10 and a beta of 2.12. Signet Jewelers Limited has a 52 week low of $72.26 and a 52 week high of $112.06.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.14 by $0.11. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 EPS. As a group, research analysts forecast that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Announces Dividend

The firm 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 dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s payout ratio is currently 13.43%.

Insider Buying and Selling

In other Signet Jewelers news, CEO Virginia Drosos sold 3,475 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $101.67, for a total transaction of $353,303.25. Following the completion of the sale, the chief executive officer now owns 775,345 shares of the company’s stock, valued at $78,829,326.15. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joan M. Hilson sold 8,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total transaction of $756,560.00. Following the completion of the transaction, the insider now owns 200,844 shares in the company, valued at approximately $18,993,817.08. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,957 shares of company stock worth $5,239,306. Company insiders own 3.26% of the company’s stock.

Signet Jewelers 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.