Dimensional Fund Advisors LP Acquires 43,925 Shares of Signet Jewelers Limited $SIG

Key Points

• Dimensional Fund Advisors LP raised its stake in Signet Jewelers by 1.9% in Q3, buying 43,925 shares to own 2,346,165 shares (about 5.73%) valued at roughly $225.0 million.
• Other institutional investors also increased positions in Q3, notably Victory Capital (+43.4%), American Century (+12.3%), Segall Bryant & Hamill (+163.4%) and Quantbot (+137.7%).
• Analysts' consensus is a "Moderate Buy" with an average target of $109.67; SIG opened at $90.90, has a $3.7B market cap, a PE of 27.13 and a 1-year range of $45.55–$110.20.

Dimensional Fund Advisors LP raised its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,346,165 shares of the company's stock after buying an additional 43,925 shares during the quarter. Dimensional Fund Advisors LP owned about 5.73% of Signet Jewelers worth $225,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in shares of Signet Jewelers by 43.4% during the 3rd quarter. Victory Capital Management Inc. now owns 335,483 shares of the company's stock valued at $32,180,000 after purchasing an additional 101,487 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in Signet Jewelers by 163.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 34,919 shares of the company's stock worth $3,349,000 after acquiring an additional 21,660 shares during the last quarter. Royce & Associates LP increased its stake in Signet Jewelers by 2.5% in the 3rd quarter. Royce & Associates LP now owns 210,076 shares of the company's stock worth $20,150,000 after acquiring an additional 5,078 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Signet Jewelers by 12.3% during the 3rd quarter. American Century Companies Inc. now owns 1,592,735 shares of the company's stock worth $152,775,000 after acquiring an additional 174,873 shares in the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of Signet Jewelers by 137.7% during the 3rd quarter. Quantbot Technologies LP now owns 40,819 shares of the company's stock worth $3,915,000 after acquiring an additional 23,646 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SIG shares. Wells Fargo & Company cut their target price on shares of Signet Jewelers from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Wednesday, December 3rd. Telsey Advisory Group reiterated a "market perform" rating and set a $96.00 price objective (up from $92.00) on shares of Signet Jewelers in a research report on Tuesday, December 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of Signet Jewelers in a research note on Wednesday, January 21st. Jefferies Financial Group boosted their target price on shares of Signet Jewelers from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, December 10th. Finally, The Goldman Sachs Group upgraded shares of Signet Jewelers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $109.67.

Signet Jewelers Price Performance

Shares of NYSE:SIG opened at $90.90 on Friday. The firm has a market capitalization of $3.70 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.00 and a beta of 1.25. The business has a 50 day simple moving average of $92.11 and a two-hundred day simple moving average of $93.51. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $110.20.

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.

Want to see what other hedge funds are holding SIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Signet Jewelers Limited (NYSE:SIG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.