Signet Jewelers Limited (NYSE:SIG) is Cooper Creek Partners Management LLC's Largest Position

Cooper Creek Partners Management LLC increased its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 1,046.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,889,413 shares of the company's stock after acquiring an additional 1,724,592 shares during the quarter. Signet Jewelers makes up about 4.7% of Cooper Creek Partners Management LLC's portfolio, making the stock its largest position. Cooper Creek Partners Management LLC owned approximately 4.34% of Signet Jewelers worth $152,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Smartleaf Asset Management LLC raised its stake in shares of Signet Jewelers by 149.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 703 shares of the company's stock worth $57,000 after purchasing an additional 421 shares during the last quarter. Sterling Capital Management LLC raised its position in Signet Jewelers by 832.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,362 shares of the company's stock valued at $110,000 after buying an additional 1,216 shares during the last quarter. CIBC Private Wealth Group LLC lifted 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 acquiring an additional 410 shares in the last quarter. KBC Group NV grew its stake in shares of 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 acquiring an additional 447 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Signet Jewelers in the third quarter valued at about $210,000.

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Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $70.00 price objective (down from $80.00) on shares of Signet Jewelers in a research report on Tuesday, April 8th. Bank of America dropped their price target on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. UBS Group raised their target price on Signet Jewelers from $85.00 to $89.00 and gave the company 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. Finally, Cfra Research upgraded Signet Jewelers to a "moderate buy" rating in a research note on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $79.60.

Insider Activity at Signet Jewelers

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

Signet Jewelers Price Performance

Shares of SIG traded down $0.33 during mid-day trading on Wednesday, reaching $55.05. 1,097,579 shares of the stock traded hands, compared to its average volume of 1,141,427. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $112.06. The firm has a fifty day moving average price of $53.97 and a 200 day moving average price of $74.03. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 3.43 and a beta of 1.63.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.73 earnings per share. As a group, equities research analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors 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 annualized dividend and a dividend yield of 2.33%. This is an increase from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's dividend payout ratio (DPR) is -168.42%.

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.