Pacer Advisors Inc. Lowers Holdings in Signet Jewelers Limited (NYSE:SIG)

Key Points

• Pacer Advisors Inc. reduced its position in Signet Jewelers by 65.4%, now holding approximately 1.32% of the company’s shares valued at $32.92 million.
• Signet Jewelers reported a quarterly EPS of $1.18, surpassing analysts' expectations, and announced a quarterly dividend of $0.32 per share, yielding 1.51%.
• Analyst ratings on Signet Jewelers are mixed, with several upgrades leading to an average target price of $88.86, while Jefferies issued a "buy" rating with a target price of $102.00.

Pacer Advisors Inc. lessened its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 65.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 566,966 shares of the company's stock after selling 1,071,736 shares during the period. Pacer Advisors Inc. owned about 1.32% of Signet Jewelers worth $32,918,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Signet Jewelers by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,550,233 shares of the company's stock worth $205,830,000 after buying an additional 139,109 shares in the last quarter. Cooper Creek Partners Management LLC raised its stake in Signet Jewelers by 1,046.3% in the fourth quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company's stock worth $152,495,000 after buying an additional 1,724,592 shares in the last quarter. Anomaly Capital Management LP raised its stake in Signet Jewelers by 862.5% in the fourth quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company's stock worth $142,253,000 after buying an additional 1,579,410 shares in the last quarter. Khrom Capital Management LLC raised its stake in Signet Jewelers by 24.2% in the fourth quarter. Khrom Capital Management LLC now owns 1,149,682 shares of the company's stock worth $92,791,000 after buying an additional 224,339 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Signet Jewelers by 37.4% in the fourth quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company's stock worth $85,155,000 after buying an additional 286,974 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently commented on SIG shares. Wells Fargo & Company boosted their price objective on shares of Signet Jewelers from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. CL King started coverage on shares of Signet Jewelers in a research note on Monday, May 5th. They issued a "buy" rating and a $80.00 price objective for the company. Bank of America boosted their price objective on shares of Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Telsey Advisory Group boosted their price objective on shares of Signet Jewelers from $80.00 to $92.00 and gave the stock a "market perform" rating in a research note on Friday. Finally, Citigroup lifted their price target on shares of Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $88.86.

Signet Jewelers Price Performance

NYSE SIG traded up $0.59 on Friday, hitting $84.51. The stock had a trading volume of 489,825 shares, compared to its average volume of 894,464. The business's fifty day moving average price is $77.31 and its 200 day moving average price is $64.06. Signet Jewelers Limited has a 52-week low of $45.55 and a 52-week high of $106.28. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 91.86, a price-to-earnings-growth ratio of 0.76 and a beta of 1.39.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.17. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. The business's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.11 earnings per share. As a group, sell-side analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, July 25th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, July 25th. Signet Jewelers's dividend payout ratio (DPR) is presently 139.13%.

About Signet Jewelers

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.