Grantham Mayo Van Otterloo & Co. LLC Lowers Stake in Signet Jewelers Limited $SIG

Grantham Mayo Van Otterloo & Co. LLC trimmed its position in Signet Jewelers Limited (NYSE:SIG) by 39.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,607 shares of the company’s stock after selling 24,594 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.09% of Signet Jewelers worth $3,607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. increased its position in Signet Jewelers by 12.3% during the 3rd quarter. American Century Companies Inc. now owns 1,592,735 shares of the company’s stock worth $152,775,000 after purchasing an additional 174,873 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Signet Jewelers by 1.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,346,165 shares of the company’s stock valued at $225,046,000 after buying an additional 43,925 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Signet Jewelers by 212.2% during the third quarter. JPMorgan Chase & Co. now owns 500,589 shares of the company’s stock valued at $48,016,000 after buying an additional 340,228 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in Signet Jewelers by 163.4% during the third quarter. Segall Bryant & Hamill LLC now owns 34,919 shares of the company’s stock worth $3,349,000 after buying an additional 21,660 shares during the period. Finally, Convergence Investment Partners LLC purchased a new stake in Signet Jewelers during the third quarter worth approximately $1,447,000.

Signet Jewelers Trading Up 0.9%

NYSE SIG opened at $91.54 on Tuesday. The company’s fifty day simple moving average is $92.25 and its 200-day simple moving average is $93.67. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $110.20. The stock has a market cap of $3.72 billion, a P/E ratio of 27.33, a PEG ratio of 1.00 and a beta of 1.25.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SIG shares. UBS Group reissued a “buy” rating on shares of Signet Jewelers in a research note on Wednesday, December 31st. Stephens began coverage on shares of Signet Jewelers in a research report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price target for the company. Wells Fargo & Company lowered their price target on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a research report on Wednesday, January 21st. Finally, Wall Street Zen cut Signet Jewelers from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Signet Jewelers currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.67.

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.