Mangrove Partners IM LLC Buys Shares of 10,152 Signet Jewelers Limited $SIG

Mangrove Partners IM LLC purchased a new stake in Signet Jewelers Limited (NYSE:SIG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,152 shares of the company’s stock, valued at approximately $974,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SIG. Salomon & Ludwin LLC purchased a new stake in shares of Signet Jewelers in the third quarter valued at about $31,000. EverSource Wealth Advisors LLC boosted its holdings 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 worth $54,000 after purchasing an additional 428 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Signet Jewelers in the third quarter valued at $64,000. State of Wyoming purchased a new stake in shares of Signet Jewelers in the second quarter valued at $69,000. Finally, Neo Ivy Capital Management acquired a new position in Signet Jewelers in the third quarter valued at $82,000.

Signet Jewelers Trading Down 1.3%

Signet Jewelers stock opened at $82.28 on Friday. Signet Jewelers Limited has a 52 week low of $46.62 and a 52 week high of $110.20. The stock has a market cap of $3.35 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 0.90 and a beta of 1.25. The stock has a 50 day moving average of $92.40 and a 200-day moving average of $93.55.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SIG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, January 21st. The Goldman Sachs Group upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Wall Street Zen raised shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a research report on Saturday. UBS Group boosted their target price on shares of Signet Jewelers from $115.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Company dropped their price target on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $110.00.

About Signet Jewelers

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.