Schwerin Boyle Capital Management Inc. Sells 44,000 Shares of Signet Jewelers Ltd. (SIG)

Schwerin Boyle Capital Management Inc. decreased its position in Signet Jewelers Ltd. (NYSE:SIG) by 23.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 147,522 shares of the company’s stock after selling 44,000 shares during the quarter. Schwerin Boyle Capital Management Inc. owned about 0.28% of Signet Jewelers worth $9,726,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SIG. PNC Financial Services Group Inc. boosted its position in Signet Jewelers by 19.3% during the second quarter. PNC Financial Services Group Inc. now owns 6,145 shares of the company’s stock worth $341,000 after purchasing an additional 993 shares during the period. Strs Ohio boosted its position in Signet Jewelers by 4.6% during the third quarter. Strs Ohio now owns 25,100 shares of the company’s stock worth $1,654,000 after purchasing an additional 1,100 shares during the period. Boston Partners boosted its position in Signet Jewelers by 3.2% during the second quarter. Boston Partners now owns 47,597 shares of the company’s stock worth $2,654,000 after purchasing an additional 1,474 shares during the period. Jupiter Asset Management Ltd. boosted its position in Signet Jewelers by 0.7% during the third quarter. Jupiter Asset Management Ltd. now owns 230,000 shares of the company’s stock worth $15,111,000 after purchasing an additional 1,500 shares during the period. Finally, Panagora Asset Management Inc. boosted its position in Signet Jewelers by 1.7% during the third quarter. Panagora Asset Management Inc. now owns 94,881 shares of the company’s stock worth $6,256,000 after purchasing an additional 1,620 shares during the period.

SIG opened at $52.73 on Monday. Signet Jewelers Ltd. has a 1-year low of $33.11 and a 1-year high of $71.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.69 and a quick ratio of 0.47. The company has a market capitalization of $2.74 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 1.92 and a beta of 0.89.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, August 30th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.32. Signet Jewelers had a positive return on equity of 17.52% and a negative net margin of 2.84%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the business earned $1.33 earnings per share. Signet Jewelers’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that Signet Jewelers Ltd. will post 4.22 EPS for the current year.

A number of equities research analysts have issued reports on SIG shares. Zacks Investment Research cut Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Telsey Advisory Group upped their target price on Signet Jewelers from $56.00 to $63.00 and gave the stock a “market perform” rating in a research report on Friday, August 24th. Citigroup raised Signet Jewelers from a “sell” rating to a “neutral” rating in a research report on Friday, October 26th. ValuEngine raised Signet Jewelers from a “strong sell” rating to a “sell” rating in a research report on Friday, August 10th. Finally, Wells Fargo & Co upped their target price on Signet Jewelers from $50.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 31st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $54.44.

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Signet Jewelers Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as JamesAllen.com, an online jewelry retailer Website.

Featured Story: Return on Investment (ROI)

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

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