Jain Global LLC Buys New Position in Signet Jewelers Limited $SIG

Jain Global LLC purchased a new position in shares of Signet Jewelers Limited (NYSE:SIG) during the third quarter, Holdings Channel reports. The firm purchased 68,109 shares of the company’s stock, valued at approximately $6,533,000.

Several other institutional investors also recently added to or reduced their stakes in SIG. American Century Companies Inc. boosted its holdings in shares of Signet Jewelers by 12.3% in the third quarter. American Century Companies Inc. now owns 1,592,735 shares of the company’s stock valued at $152,775,000 after acquiring an additional 174,873 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Signet Jewelers by 1.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,346,165 shares of the company’s stock worth $225,046,000 after acquiring an additional 43,925 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Signet Jewelers by 212.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 500,589 shares of the company’s stock valued at $48,016,000 after acquiring an additional 340,228 shares during the period. Segall Bryant & Hamill LLC raised its position in Signet Jewelers by 163.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 34,919 shares of the company’s stock valued at $3,349,000 after purchasing an additional 21,660 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in Signet Jewelers by 149.1% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 33,882 shares of the company’s stock valued at $3,250,000 after purchasing an additional 20,282 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, January 21st. UBS Group upped 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, March 10th. Zacks Research downgraded shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Wells Fargo & Company lowered their price target on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 3rd. Finally, The Goldman Sachs Group upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $83.83 on Tuesday. Signet Jewelers Limited has a fifty-two week low of $47.63 and a fifty-two week high of $110.20. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.25. The stock’s fifty day moving average is $92.29 and its two-hundred day moving average is $93.55.

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.