Brandywine Global Investment Management LLC lessened its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 33.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 152,092 shares of the company's stock after selling 76,259 shares during the quarter. Brandywine Global Investment Management LLC owned 0.35% of Signet Jewelers worth $12,275,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of SIG. Grace & White Inc. NY raised its position in Signet Jewelers by 6.1% during the 4th quarter. Grace & White Inc. NY now owns 207,262 shares of the company's stock worth $16,728,000 after buying an additional 11,900 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of 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 buying an additional 11,218 shares during the period. Magnetar Financial LLC acquired a new position in shares of Signet Jewelers in the 4th quarter valued at about $2,418,000. Van ECK Associates Corp boosted its stake in shares of Signet Jewelers by 30.5% in 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 during the last quarter. Finally, US Bancorp DE grew its holdings in 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 acquiring an additional 9,778 shares during the period.
Analysts Set New Price Targets
A number of research analysts have issued reports on SIG shares. UBS Group boosted their price target on Signet Jewelers from $85.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Telsey Advisory Group reissued a "market perform" rating and set a $55.00 price target on shares of Signet Jewelers in a report on Wednesday, March 19th. Wells Fargo & Company dropped their price target on shares of Signet Jewelers from $95.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Bank of America decreased their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Finally, StockNews.com cut Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Signet Jewelers presently has an average rating of "Moderate Buy" and a consensus target price of $81.60.
Check Out Our Latest Research Report on Signet Jewelers
Signet Jewelers Price Performance
SIG traded down $5.84 during midday trading on Thursday, hitting $54.70. 1,991,298 shares of the company traded hands, compared to its average volume of 1,113,216. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 6.29, a PEG ratio of 3.43 and a beta of 2.20. The business has a 50 day simple moving average of $54.55 and a two-hundred day simple moving average of $77.16. 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 Limited has a 52-week low of $45.55 and a 52-week high of $112.06.
Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share 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 firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period last year, the company posted $6.73 EPS. Signet Jewelers's quarterly revenue was down 5.8% compared to the same quarter last year. On average, equities analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share 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 issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.28 dividend on an annualized basis and a yield of 2.34%. This is a positive change from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's dividend payout ratio (DPR) is presently -168.42%.
Insiders Place Their Bets
In other Signet Jewelers news, CEO James Kevin Symancyk acquired 15,000 shares of the business's stock in a transaction on Monday, March 31st. The stock was bought at an average price of $57.45 per share, for a total transaction of $861,750.00. Following the acquisition, the chief executive officer now owns 50,710 shares in the company, valued at approximately $2,913,289.50. The trade was a 42.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eugenia Ulasewicz sold 3,333 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $54.13, for a total value 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 represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.26% of the stock is currently owned by corporate insiders.
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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