CastleKnight Management LP Sells 1,700 Shares of Signet Jewelers Limited (NYSE:SIG)

by · The Cerbat Gem

CastleKnight Management LP trimmed its holdings in shares of Signet Jewelers Limited (NYSE:SIG – Free Report) by 12.3% in the second quarter, Holdings Channel.com reports. The fund owned 12,100 shares of the company’s stock after selling 1,700 shares during the quarter. CastleKnight Management LP’s holdings in Signet Jewelers were worth $790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Belpointe Asset Management LLC lifted its holdings in shares of Signet Jewelers by 67.9% during the 1st quarter. Belpointe Asset Management LLC now owns 403 shares of the company’s stock worth $31,000 after acquiring an additional 163 shares during the period. Quarry LP grew its holdings in shares of Signet Jewelers by 274.1% in the 1st quarter. Quarry LP now owns 404 shares of the company’s stock worth $31,000 after purchasing an additional 296 shares during the last quarter. Kistler Tiffany Companies LLC bought a new stake in shares of Signet Jewelers in the 2nd quarter worth about $42,000. NewEdge Advisors LLC bought a new stake in shares of Signet Jewelers in the 1st quarter worth about $51,000. Finally, State of Wyoming grew its holdings in shares of Signet Jewelers by 18.5% in the 4th quarter. State of Wyoming now owns 1,565 shares of the company’s stock worth $106,000 after purchasing an additional 244 shares during the last quarter.

Signet Jewelers Trading Up 0.7 %

Shares of Signet Jewelers stock traded up $0.65 during trading on Thursday, reaching $95.99. The company’s stock had a trading volume of 96,284 shares, compared to its average volume of 764,624. The stock has a 50-day moving average price of $75.07 and a two-hundred day moving average price of $72.44. The stock has a market capitalization of $4.31 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 1.09 and a beta of 2.10. Signet Jewelers Limited has a one year low of $57.10 and a one year high of $97.25.

Signet Jewelers (NYSE:SIG – Get Free Report) last announced its quarterly earnings data on Tuesday, December 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Signet Jewelers had a return on equity of 34.59% and a net margin of 6.47%. The company’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 EPS. As a group, sell-side analysts anticipate that Signet Jewelers Limited will post 9.82 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, January 26th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, January 25th. This represents a $0.92 annualized dividend and a yield of 0.96%. Signet Jewelers’s dividend payout ratio is currently 10.47%.

Insiders Place Their Bets

In other Signet Jewelers news, insider Stash Ptak sold 780 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $73.70, for a total transaction of $57,486.00. Following the completion of the sale, the insider now directly owns 27,023 shares of the company’s stock, valued at approximately $1,991,595.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Signet Jewelers news, CEO Virginia Drosos sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $74.84, for a total transaction of $748,400.00. Following the transaction, the chief executive officer now owns 997,740 shares in the company, valued at $74,670,861.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Stash Ptak sold 780 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $73.70, for a total value of $57,486.00. Following the transaction, the insider now owns 27,023 shares in the company, valued at approximately $1,991,595.10. The disclosure for this sale can be found here. In the last three months, insiders sold 97,249 shares of company stock valued at $7,326,024. 4.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SIG shares. Citigroup raised shares of Signet Jewelers from a “neutral” rating to a “buy” rating and upped their target price for the stock from $93.00 to $119.00 in a report on Wednesday. UBS Group upped their target price on shares of Signet Jewelers from $90.00 to $93.00 in a report on Friday, September 1st. Telsey Advisory Group upped their target price on shares of Signet Jewelers from $82.00 to $90.00 and gave the stock a “market perform” rating in a report on Wednesday. Bank of America lifted their price target on Signet Jewelers from $71.00 to $83.00 in a report on Friday, September 1st. Finally, Wells Fargo & Company lifted their price target on Signet Jewelers from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Signet Jewelers currently has an average rating of “Hold” and an average target price of $99.00.

Get Our Latest Stock Report on SIG

Signet Jewelers Profile

(Free Report)

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 Jewelers, Zales Outlet, 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.

See Also

Want to see what other hedge funds are holding SIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Signet Jewelers Limited (NYSE:SIG – Free Report).