Murphy Pohlad Asset Management LLC Cuts Stake in Signet Jewelers Limited (NYSE:SIG)

Murphy Pohlad Asset Management LLC cut its holdings in Signet Jewelers Limited (NYSE:SIG) by 26.3% in the fourth quarter, Holdings Channel reports. The fund owned 20,877 shares of the company’s stock after selling 7,448 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Signet Jewelers were worth $1,685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SIG. KBC Group NV lifted its position in shares of Signet Jewelers by 34.6% in the 4th quarter. KBC Group NV now owns 1,740 shares of the company’s stock worth $140,000 after purchasing an additional 447 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Signet Jewelers by 3.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,517 shares of the company’s stock worth $526,000 after buying an additional 205 shares during the period. SG Americas Securities LLC boosted its position in Signet Jewelers by 25.9% during the 4th quarter. SG Americas Securities LLC now owns 8,365 shares of the company’s stock valued at $675,000 after acquiring an additional 1,720 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Signet Jewelers by 100.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,731 shares of the company’s stock valued at $462,000 after acquiring an additional 2,867 shares during the period. Finally, Nordea Investment Management AB raised its position in shares of Signet Jewelers by 36.3% in the 4th quarter. Nordea Investment Management AB now owns 132,070 shares of the company’s stock worth $10,704,000 after acquiring an additional 35,174 shares in the last quarter.

Signet Jewelers Stock Down 0.1 %

NYSE:SIG opened at $58.60 on Thursday. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. Signet Jewelers Limited has a twelve month low of $54.44 and a twelve month high of $112.06. The company has a market cap of $2.55 billion, a PE ratio of 6.74, a P/E/G ratio of 3.84 and a beta of 2.13. The company’s 50 day moving average is $79.53 and its two-hundred day moving average is $85.58.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. Signet Jewelers’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. Analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, January 24th. Signet Jewelers’s dividend payout ratio (DPR) is 13.35%.

Analyst Upgrades and Downgrades

SIG has been the topic of several analyst reports. Wells Fargo & Company cut their target price on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Telsey Advisory Group cut their price objective on shares of Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 15th. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Bank of America cut their price target on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.20.

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.