American Century Companies Inc. Has $92.85 Million Position in Signet Jewelers Limited (NYSE:SIG)

American Century Companies Inc. raised its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 18.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,150,441 shares of the company's stock after buying an additional 182,948 shares during the period. American Century Companies Inc. owned about 2.65% of Signet Jewelers worth $92,852,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SIG. Magnetar Financial LLC acquired a new stake in Signet Jewelers during the fourth quarter valued at $2,418,000. Xponance Inc. lifted its position in shares of Signet Jewelers by 12.2% during the fourth quarter. Xponance Inc. now owns 3,149 shares of the company's stock worth $254,000 after purchasing an additional 343 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of Signet Jewelers by 33.2% in the fourth quarter. William Blair Investment Management LLC now owns 309,129 shares of the company's stock valued at $24,950,000 after purchasing an additional 76,966 shares in the last quarter. Cibc World Markets Corp purchased a new stake in Signet Jewelers during the 4th quarter worth approximately $319,000. Finally, Royce & Associates LP lifted its holdings in Signet Jewelers by 5.0% during the 4th quarter. Royce & Associates LP now owns 202,280 shares of the company's stock worth $16,326,000 after buying an additional 9,559 shares in the last quarter.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction of $180,415.29. Following the transaction, the director now owns 22,752 shares in the company, valued at approximately $1,231,565.76. This trade represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.26% of the company's stock.

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Signet Jewelers Trading Down 1.8 %

SIG traded down $1.13 during midday trading on Tuesday, hitting $60.14. The company's stock had a trading volume of 1,464,466 shares, compared to its average volume of 1,064,196. The firm has a market cap of $2.62 billion, a P/E ratio of 6.92, a PEG ratio of 3.43 and a beta of 2.20. The firm has a 50-day moving average price of $54.27 and a two-hundred day moving average price of $78.18. Signet Jewelers Limited has a 52-week low of $45.55 and a 52-week high of $112.06. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, topping analysts' consensus estimates of $6.39 by $0.23. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the business posted $6.73 EPS. Signet Jewelers's quarterly revenue was down 5.8% compared to the same quarter last year. On average, research analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, April 25th. This represents a $1.28 dividend on an annualized basis and a yield of 2.13%. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's dividend payout ratio is presently -168.42%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group upped their price objective on Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Telsey Advisory Group reiterated a "market perform" rating and issued a $55.00 price objective on shares of Signet Jewelers in a research note on Wednesday, March 19th. Wells Fargo & Company cut their target price on shares of Signet Jewelers from $95.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Finally, Bank of America dropped their price target on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $81.60.

Signet Jewelers Profile

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.