SIG Stock: Nationwide Fund Advisors Raises Holdings in Signet Jewelers Ltd

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Nationwide Fund Advisors raised its position in Signet Jewelers Ltd. (NYSE:SIG) by 23.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,447 shares of the company’s stock after purchasing an additional 4,852 shares during the quarter. Nationwide Fund Advisors’ holdings in Signet Jewelers were worth $1,693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in SIG. Commonwealth Bank of Australia increased its stake in shares of Signet Jewelers by 5.6% during the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock valued at $101,000 after acquiring an additional 85 shares during the period. Capstone Investment Advisors Netherlands B.V. acquired a new position in shares of Signet Jewelers during the second quarter valued at approximately $121,000. Tower Research Capital LLC TRC increased its stake in shares of Signet Jewelers by 19.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock valued at $128,000 after acquiring an additional 335 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Signet Jewelers during the second quarter valued at approximately $329,000. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Signet Jewelers by 105.6% during the second quarter. Cubist Systematic Strategies LLC now owns 6,978 shares of the company’s stock valued at $441,000 after acquiring an additional 3,584 shares during the period.

A number of research analysts recently commented on the stock. Cowen reiterated a “market perform” rating and set a $67.00 price objective (up previously from $61.00) on shares of Signet Jewelers in a research note on Tuesday, September 12th. ValuEngine cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Sunday. Needham & Company LLC restated a “buy” rating and set a $60.00 target price on shares of Signet Jewelers in a report on Wednesday, November 22nd. They noted that the move was a valuation call. Susquehanna Bancshares started coverage on shares of Signet Jewelers in a report on Thursday, November 2nd. They set a “neutral” rating and a $60.00 target price for the company. Finally, Telsey Advisory Group reduced their target price on shares of Signet Jewelers from $83.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $65.48.

Signet Jewelers Ltd. (NYSE SIG) opened at $56.55 on Monday. Signet Jewelers Ltd. has a 52 week low of $46.09 and a 52 week high of $96.39. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 0.76. The company has a market cap of $3,422.18, a P/E ratio of 9.30, a P/E/G ratio of 1.13 and a beta of 0.94.

Signet Jewelers Company Profile

Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.

Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

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