California Public Employees Retirement System boosted its position in Signet Jewelers Ltd. (NYSE:SIG) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,271 shares of the company’s stock after acquiring an additional 15,535 shares during the quarter. California Public Employees Retirement System’s holdings in Signet Jewelers were worth $10,534,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Monroe Bank & Trust MI bought a new position in Signet Jewelers in the third quarter valued at $179,000. First Mercantile Trust Co. bought a new position in Signet Jewelers in the fourth quarter valued at $157,000. GSA Capital Partners LLP bought a new position in Signet Jewelers in the third quarter valued at $202,000. Pitcairn Co. bought a new position in Signet Jewelers in the third quarter valued at $203,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in Signet Jewelers in the third quarter valued at $231,000.
Shares of Signet Jewelers Ltd. (NYSE SIG) opened at $50.28 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.76 and a current ratio of 2.63. Signet Jewelers Ltd. has a 1 year low of $46.09 and a 1 year high of $77.94. The stock has a market cap of $3,040.00, a PE ratio of 8.73, a price-to-earnings-growth ratio of 1.05 and a beta of 0.71.
SIG has been the topic of a number of research analyst reports. Bank of America set a $66.00 target price on Signet Jewelers and gave the company a “buy” rating in a research note on Saturday, November 25th. Nomura reissued a “buy” rating and issued a $64.00 target price on shares of Signet Jewelers in a research note on Wednesday, November 22nd. Needham & Company LLC reissued a “buy” rating and issued a $60.00 target price on shares of Signet Jewelers in a research note on Wednesday, November 22nd. They noted that the move was a valuation call. Vetr cut Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $57.72 target price on the stock. in a research note on Monday, December 11th. Finally, ValuEngine cut Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $64.67.
In other news, insider Oded Edelman bought 90,398 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was bought at an average cost of $55.31 per share, for a total transaction of $4,999,913.38. Following the completion of the acquisition, the insider now owns 33,962 shares in the company, valued at approximately $1,878,438.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.52% of the company’s stock.
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Signet Jewelers Company Profile
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.
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