Dimensional Fund Advisors LP Acquires 43,925 Shares of Signet Jewelers Limited $SIG

Dimensional Fund Advisors LP increased its holdings in Signet Jewelers Limited (NYSE:SIG) by 1.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,346,165 shares of the company’s stock after buying an additional 43,925 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of Signet Jewelers worth $225,046,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Salomon & Ludwin LLC bought a new stake in Signet Jewelers during the third quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its position in shares of Signet Jewelers by 171.2% during the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after buying an additional 428 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Signet Jewelers in the 3rd quarter valued at about $64,000. State of Wyoming purchased a new position in shares of Signet Jewelers in the 2nd quarter worth approximately $69,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Signet Jewelers by 48.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,146 shares of the company’s stock worth $111,000 after buying an additional 372 shares during the last quarter.

Signet Jewelers Price Performance

Shares of SIG opened at $90.90 on Friday. The company’s fifty day moving average price is $92.11 and its 200-day moving average price is $93.51. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $110.20. The firm has a market capitalization of $3.70 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.00 and a beta of 1.25.

Wall Street Analyst Weigh In

SIG has been the subject of a number of analyst reports. Wall Street Zen cut shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $96.00 price target (up from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Jefferies Financial Group upped their price target on Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Stephens initiated coverage on Signet Jewelers in a research report on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, The Goldman Sachs Group upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.67.

Signet Jewelers Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.