Bryce Point Capital LLC Makes New $1.53 Million Investment in Signet Jewelers Limited (NYSE:SIG)

Bryce Point Capital LLC purchased a new stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,959 shares of the company's stock, valued at approximately $1,530,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SIG. Smartleaf Asset Management LLC increased its stake in Signet Jewelers by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company's stock worth $57,000 after buying an additional 421 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Signet Jewelers during the third quarter worth about $77,000. CIBC Private Wealth Group LLC raised its stake in Signet Jewelers by 32.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company's stock valued at $123,000 after purchasing an additional 410 shares during the period. KBC Group NV lifted its holdings in Signet Jewelers by 34.6% in the 4th quarter. KBC Group NV now owns 1,740 shares of the company's stock worth $140,000 after purchasing an additional 447 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Signet Jewelers in the 3rd quarter worth approximately $210,000.

Signet Jewelers Trading Down 1.3 %

SIG traded down $0.70 on Monday, hitting $54.19. The company had a trading volume of 718,823 shares, compared to its average volume of 1,738,404. The business's fifty day simple moving average is $54.31 and its 200 day simple moving average is $76.52. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $112.06. The company has a market cap of $2.32 billion, a PE ratio of 6.24, a PEG ratio of 3.43 and a beta of 1.63.

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Signet Jewelers (NYSE:SIG - Get Free Report) last announced 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 firm had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.33 billion. During the same quarter in the previous year, the business earned $6.73 EPS. The company's quarterly revenue was down 5.8% on a year-over-year basis. Equities research analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.28 annualized dividend and a dividend yield of 2.36%. This is an increase from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's dividend payout ratio is currently -168.42%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America reduced their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Cfra Research upgraded shares of Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. UBS Group increased their price objective on shares of 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 reaffirmed a "market perform" rating and issued a $55.00 target price on shares of Signet Jewelers in a report on Wednesday, March 19th. Finally, Wells Fargo & Company cut their price target on Signet Jewelers from $95.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $81.60.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, CEO James Kevin Symancyk purchased 15,000 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average cost of $57.45 per share, with a total value of $861,750.00. Following the purchase, the chief executive officer now owns 50,710 shares of the company's stock, valued at approximately $2,913,289.50. The trade was a 42.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eugenia Ulasewicz sold 3,333 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of the transaction, the director now directly owns 22,752 shares in the company, valued at $1,231,565.76. This trade represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.26% of the company's stock.

About Signet Jewelers

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.