Monarch Partners Asset Management LLC Has $19.70 Million Stake in Signet Jewelers Ltd. (SIG)

Monarch Partners Asset Management LLC raised its position in Signet Jewelers Ltd. (NYSE:SIG) by 34.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 298,863 shares of the company’s stock after acquiring an additional 76,703 shares during the period. Signet Jewelers makes up 1.8% of Monarch Partners Asset Management LLC’s investment portfolio, making the stock its 6th largest holding. Monarch Partners Asset Management LLC owned 0.58% of Signet Jewelers worth $19,704,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SIG. Wells Fargo & Company MN increased its holdings in shares of Signet Jewelers by 3.8% in the 2nd quarter. Wells Fargo & Company MN now owns 368,593 shares of the company’s stock valued at $20,550,000 after purchasing an additional 13,645 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Signet Jewelers by 11.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 697,621 shares of the company’s stock valued at $38,892,000 after purchasing an additional 74,022 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in shares of Signet Jewelers by 69.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 64,016 shares of the company’s stock valued at $3,569,000 after purchasing an additional 26,285 shares in the last quarter. Swiss National Bank increased its holdings in shares of Signet Jewelers by 2.8% in the 2nd quarter. Swiss National Bank now owns 102,800 shares of the company’s stock valued at $5,731,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Putnam Investments LLC purchased a new position in shares of Signet Jewelers in the 2nd quarter valued at about $7,945,000. Institutional investors own 93.60% of the company’s stock.

NYSE:SIG opened at $58.24 on Friday. The company has a quick ratio of 0.47, a current ratio of 2.69 and a debt-to-equity ratio of 0.48. Signet Jewelers Ltd. has a twelve month low of $33.11 and a twelve month high of $77.94. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Thursday, August 30th. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.32. Signet Jewelers had a negative net margin of 2.84% and a positive return on equity of 17.52%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the firm posted $1.33 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, research analysts forecast that Signet Jewelers Ltd. will post 4.24 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 2nd will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, November 1st. This represents a $1.48 annualized dividend and a yield of 2.54%. Signet Jewelers’s dividend payout ratio (DPR) is currently 22.73%.

A number of brokerages have recently issued reports on SIG. ValuEngine upgraded shares of Signet Jewelers from a “strong sell” rating to a “sell” rating in a report on Thursday, July 12th. Zacks Investment Research upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Thursday, July 12th. Citigroup upgraded shares of Signet Jewelers from a “sell” rating to a “neutral” rating in a report on Friday, October 26th. Nomura downgraded shares of Signet Jewelers from a “buy” rating to a “neutral” rating and set a $62.00 price target for the company. in a report on Tuesday, July 31st. They noted that the move was a valuation call. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $69.00 price target (up previously from $63.00) on shares of Signet Jewelers in a report on Friday, August 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. Signet Jewelers currently has an average rating of “Hold” and an average price target of $55.13.

Signet Jewelers Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as JamesAllen.com, an online jewelry retailer Website.

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

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