Murphy Pohlad Asset Management LLC Buys 2,155 Shares of Signet Jewelers Limited (NYSE:SIG)

Murphy Pohlad Asset Management LLC raised its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 8.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,900 shares of the company’s stock after purchasing an additional 2,155 shares during the quarter. Murphy Pohlad Asset Management LLC owned 0.06% of Signet Jewelers worth $2,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of SIG. Hexagon Capital Partners LLC lifted its position in Signet Jewelers by 37.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock valued at $50,000 after purchasing an additional 127 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Signet Jewelers during the fourth quarter valued at approximately $64,000. Quadrant Capital Group LLC lifted its position in Signet Jewelers by 55.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,532 shares of the company’s stock valued at $164,000 after purchasing an additional 544 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Signet Jewelers by 6.8% in the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock worth $183,000 after acquiring an additional 116 shares during the last quarter. Finally, Greenleaf Trust bought a new stake in shares of Signet Jewelers in the 4th quarter worth approximately $202,000.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SIG shares. StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Wells Fargo & Company boosted their price objective on shares of Signet Jewelers from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Telsey Advisory Group restated a “market perform” rating and issued a $105.00 price objective on shares of Signet Jewelers in a report on Wednesday, July 24th. Finally, Citigroup reiterated a “buy” rating and set a $119.00 price target on shares of Signet Jewelers in a report on Friday, June 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.20.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,334 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $87.94, for a total transaction of $293,191.96. Following the transaction, the director now directly owns 29,418 shares of the company’s stock, valued at approximately $2,587,018.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Oded Edelman sold 9,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $74.55, for a total value of $670,950.00. Following the sale, the insider now directly owns 28,398 shares of the company’s stock, valued at approximately $2,117,070.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eugenia Ulasewicz sold 3,334 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $87.94, for a total transaction of $293,191.96. Following the completion of the sale, the director now directly owns 29,418 shares in the company, valued at $2,587,018.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,439 shares of company stock valued at $4,169,869. 3.26% of the stock is currently owned by company insiders.

Signet Jewelers Stock Performance

NYSE:SIG traded down $0.61 during midday trading on Friday, reaching $77.57. 737,794 shares of the stock traded hands, compared to its average volume of 779,421. The company has a fifty day moving average of $86.36 and a 200 day moving average of $95.51. Signet Jewelers Limited has a 12 month low of $65.12 and a 12 month high of $112.06. The stock has a market capitalization of $3.46 billion, a P/E ratio of 6.38, a PEG ratio of 0.79 and a beta of 2.16.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, June 13th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.52 billion. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 EPS. On average, analysts predict that Signet Jewelers Limited will post 10.6 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, July 26th. Signet Jewelers’s payout ratio is currently 9.43%.

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.