Signet Jewelers Ltd. (SIG) Position Decreased by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in shares of Signet Jewelers Ltd. (NYSE:SIG) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 102,433 shares of the company’s stock after selling 4,820 shares during the quarter. Rhumbline Advisers’ holdings in Signet Jewelers were worth $6,753,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SIG. BlackRock Inc. raised its position in Signet Jewelers by 27.3% in the second quarter. BlackRock Inc. now owns 6,861,060 shares of the company’s stock valued at $382,504,000 after purchasing an additional 1,470,230 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Signet Jewelers by 30.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,809,824 shares of the company’s stock valued at $212,403,000 after purchasing an additional 886,476 shares during the last quarter. Contrarius Investment Management Ltd bought a new position in Signet Jewelers in the second quarter valued at about $121,682,000. Northern Trust Corp raised its position in Signet Jewelers by 62.2% in the second quarter. Northern Trust Corp now owns 928,880 shares of the company’s stock valued at $51,785,000 after purchasing an additional 356,193 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Signet Jewelers by 11.9% in the second quarter. Bank of New York Mellon Corp now owns 697,621 shares of the company’s stock valued at $38,892,000 after purchasing an additional 74,022 shares during the last quarter.

Shares of Signet Jewelers stock opened at $53.04 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 2.69 and a debt-to-equity ratio of 0.48. Signet Jewelers Ltd. has a 52 week low of $33.11 and a 52 week high of $71.07. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 1.92 and a beta of 0.89.

A number of equities analysts have recently issued reports on the company. Wells Fargo & Co restated a “hold” rating and set a $65.00 price objective (up from $50.00) on shares of Signet Jewelers in a research report on Thursday, August 30th. Telsey Advisory Group restated a “market perform” rating and set a $69.00 price objective (up from $63.00) on shares of Signet Jewelers in a research report on Friday, August 31st. Citigroup downgraded Signet Jewelers from a “neutral” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Tuesday, September 4th. Zacks Investment Research upgraded Signet Jewelers from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Thursday, September 6th. Finally, TheStreet upgraded Signet Jewelers from a “d+” rating to a “c-” rating in a research report on Tuesday, August 21st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. Signet Jewelers has an average rating of “Hold” and an average 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.

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

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