Oppenheimer Asset Management Inc. Sells 2,181 Shares of Signet Jewelers Limited (SIG)

Oppenheimer Asset Management Inc. reduced its stake in Signet Jewelers Limited (NYSE:SIG) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,915 shares of the company’s stock after selling 2,181 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.37% of Signet Jewelers worth $14,902,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia boosted its position in shares of Signet Jewelers by 5.6% during the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock valued at $101,000 after buying an additional 85 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of Signet Jewelers during the second quarter valued at $121,000. Tower Research Capital LLC TRC boosted its position in shares of Signet Jewelers by 19.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock valued at $128,000 after buying an additional 335 shares during the last quarter. Monroe Bank & Trust MI purchased a new stake in shares of Signet Jewelers during the third quarter valued at $179,000. Finally, Pitcairn Co. purchased a new stake in shares of Signet Jewelers during the third quarter valued at $203,000.

Signet Jewelers Limited (NYSE:SIG) traded up $0.49 during mid-day trading on Thursday, reaching $50.92. The company’s stock had a trading volume of 1,722,500 shares, compared to its average volume of 1,920,142. Signet Jewelers Limited has a 52 week low of $46.09 and a 52 week high of $99.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.76 and a current ratio of 2.63. The company has a market capitalization of $3,045.97, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 1.01 and a beta of 0.94.

Several research firms recently commented on SIG. Needham & Company LLC set a $69.00 price objective on Signet Jewelers and gave the company a “buy” rating in a research report on Saturday, August 19th. Instinet reaffirmed a “buy” rating and set a $73.00 price objective (up from $70.00) on shares of Signet Jewelers in a research report on Monday, August 28th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $75.00 price objective (up from $70.00) on shares of Signet Jewelers in a research report on Thursday, August 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $66.00 price objective on shares of Signet Jewelers in a research report on Thursday, October 5th. Finally, Telsey Advisory Group increased their price objective on Signet Jewelers from $60.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $66.00.

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About Signet Jewelers

Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.

Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

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