Mangrove Partners IM LLC Makes New $974,000 Investment in Signet Jewelers Limited $SIG

Mangrove Partners IM LLC acquired a new position in Signet Jewelers Limited (NYSE:SIG) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,152 shares of the company’s stock, valued at approximately $974,000.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Signet Jewelers by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,346,165 shares of the company’s stock valued at $225,046,000 after purchasing an additional 43,925 shares during the period. American Century Companies Inc. boosted its position in shares of Signet Jewelers by 12.3% during the third quarter. American Century Companies Inc. now owns 1,592,735 shares of the company’s stock worth $152,775,000 after buying an additional 174,873 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Signet Jewelers by 9.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 944,668 shares of the company’s stock worth $90,613,000 after buying an additional 82,899 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Signet Jewelers by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after buying an additional 213,365 shares in the last quarter. Finally, Hood River Capital Management LLC acquired a new stake in Signet Jewelers in the 2nd quarter valued at approximately $56,537,000.

Signet Jewelers Trading Down 1.3%

Shares of NYSE SIG opened at $82.28 on Friday. Signet Jewelers Limited has a one year low of $46.62 and a one year high of $110.20. The business has a 50-day moving average price of $92.40 and a two-hundred day moving average price of $93.55. The firm has a market capitalization of $3.35 billion, a PE ratio of 24.56, a PEG ratio of 0.90 and a beta of 1.25.

Wall Street Analyst Weigh In

SIG has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Wells Fargo & Company decreased their target price on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 3rd. Zacks Research cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Telsey Advisory Group restated a “market perform” rating and set a $96.00 price target on shares of Signet Jewelers in a research report on Tuesday. Finally, UBS Group upped their price target on shares of Signet Jewelers from $115.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.00.

About Signet Jewelers

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.