Armistice Capital LLC Invests $3.88 Million in Signet Jewelers Limited (NYSE:SIG)

Armistice Capital LLC has invested approximately $876,000 in Signet Jewelers Limited (NYSE:SIG) by acquiring 43,267 shares during the 2nd quarter. This investment represents 0.10% ownership in the company. Other institutional investors have also increased their stakes in Signet. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and a price target of $60. Recent insider trading includes significant share sales by Mary Elizabeth Finn and Rebecca Wooters. Signet's stock performance remains under scrutiny as it opened at $46.46.

Armistice Capital LLC bought a new stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 43,267 shares of the company's stock, valued at approximately $3,876,000. Armistice Capital LLC owned 0.10% of Signet Jewelers as of its most recent filing with the SEC.

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Signet Jewelers Stock Poised for Rebound After Earnings Drop

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of Signet Jewelers during the second quarter valued at approximately $51,000. Hexagon Capital Partners LLC increased its stake in Signet Jewelers by 33.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company's stock worth $63,000 after buying an additional 175 shares during the period. Blue Trust Inc. lifted its holdings in Signet Jewelers by 15.3% in the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company's stock worth $82,000 after buying an additional 122 shares in the last quarter. Lazard Asset Management LLC boosted its position in Signet Jewelers by 6.8% in the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company's stock valued at $183,000 after buying an additional 116 shares during the last quarter. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of Signet Jewelers during the fourth quarter valued at about $216,000.

Wall Street Analyst Weigh In

Several research firms recently commented on SIG. StockNews.com upgraded Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Monday, September 16th. Telsey Advisory Group cut their target price on Signet Jewelers from $105.00 to $87.00 and set a "market perform" rating on the stock in a research report on Monday, September 9th. UBS Group decreased their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. Wells Fargo & Company cut their price target on shares of Signet Jewelers from $125.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, August 27th. Finally, Bank of America decreased their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, September 13th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Signet Jewelers currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.60.

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Insider Activity at Signet Jewelers

In other Signet Jewelers news, insider Mary Elizabeth Finn sold 8,000 shares of the firm's stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $86.94, for a total value of $695,520.00. Following the sale, the insider now directly owns 54,821 shares in the company, valued at $4,766,137.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Signet Jewelers news, insider Mary Elizabeth Finn sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $86.94, for a total value of $695,520.00. Following the sale, the insider now owns 54,821 shares in the company, valued at $4,766,137.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rebecca Wooters sold 22,151 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total value of $2,192,949.00. Following the transaction, the insider now owns 68,343 shares of the company's stock, valued at $6,765,957. The disclosure for this sale can be found here. Insiders sold 72,353 shares of company stock worth $6,344,718 in the last 90 days. 3.26% of the stock is currently owned by company insiders.

Signet Jewelers Price Performance

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Signet Jewelers stock opened at $98.46 on Friday. Signet Jewelers Limited has a 12 month low of $65.12 and a 12 month high of $112.06. The company has a fifty day moving average price of $83.02 and a two-hundred day moving average price of $92.02. The company has a market cap of $4.39 billion, a PE ratio of 8.00, a P/E/G ratio of 1.11 and a beta of 2.10.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.14 by $0.11. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company's quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 EPS. Equities research analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, October 25th. Signet Jewelers's dividend payout ratio (DPR) is 9.43%.

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 Outlet, Zales Jewelers, 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.

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