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

American Century Companies Inc. increased its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 18.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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.

Other hedge funds also recently added to or reduced their stakes in the company. Grace & White Inc. NY raised its stake in shares of Signet Jewelers by 6.1% in the fourth quarter. Grace & White Inc. NY now owns 207,262 shares of the company's stock valued at $16,728,000 after acquiring an additional 11,900 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in Signet Jewelers by 22.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 61,568 shares of the company's stock valued at $4,969,000 after purchasing an additional 11,218 shares in the last quarter. Magnetar Financial LLC purchased a new position in shares of Signet Jewelers in the 4th quarter valued at about $2,418,000. Van ECK Associates Corp grew its position in shares of Signet Jewelers by 30.5% during the fourth quarter. Van ECK Associates Corp now owns 36,655 shares of the company's stock worth $2,958,000 after buying an additional 8,574 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Signet Jewelers by 99.6% during the fourth quarter. US Bancorp DE now owns 19,598 shares of the company's stock worth $1,582,000 after buying an additional 9,778 shares during the period.

Insider Buying and Selling at Signet Jewelers

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of the sale, the director now directly owns 22,752 shares of the company's stock, valued at approximately $1,231,565.76. This represents a 12.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.26% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several equities analysts recently commented on SIG shares. Cfra Research raised Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Bank of America reduced their target price on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company dropped their price target on Signet Jewelers from $95.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Finally, UBS Group upped their price objective on Signet Jewelers from $85.00 to $89.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Signet Jewelers presently has a consensus rating of "Moderate Buy" and an average price target of $81.60.

Signet Jewelers Stock Down 2.6 %

SIG traded down $1.58 on Friday, reaching $58.84. The company's stock had a trading volume of 1,513,759 shares, compared to its average volume of 1,106,036. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $112.06. The business's 50 day moving average is $54.43 and its 200 day moving average is $77.82. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20.

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

Signet Jewelers Increases Dividend

The company also recently disclosed 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. This represents a $1.28 annualized dividend and a yield of 2.18%. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 25th. Signet Jewelers's payout ratio is presently -168.42%.

Signet Jewelers Company 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.