DF Dent & Co. Inc. Takes $1.55 Million Position in Signet Jewelers Limited (NYSE:SIG)

DF Dent & Co. Inc. acquired a new stake in Signet Jewelers Limited (NYSE:SIG - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 15,000 shares of the company's stock, valued at approximately $1,547,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Khrom Capital Management LLC acquired a new stake in shares of Signet Jewelers in the second quarter valued at approximately $58,357,000. Eminence Capital LP increased its stake in Signet Jewelers by 71.3% in the 2nd quarter. Eminence Capital LP now owns 844,428 shares of the company's stock valued at $75,644,000 after buying an additional 351,588 shares during the last quarter. Select Equity Group L.P. increased its stake in Signet Jewelers by 2.9% in the 2nd quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company's stock valued at $622,562,000 after buying an additional 193,977 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Signet Jewelers by 6.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company's stock worth $213,809,000 after buying an additional 149,934 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Signet Jewelers by 6.5% during the 2nd quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company's stock worth $185,347,000 after buying an additional 126,726 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SIG. Wells Fargo & Company lifted their target price on Signet Jewelers from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. UBS Group dropped their price objective on Signet Jewelers from $145.00 to $132.00 and set a "buy" rating on the stock in a research note on Wednesday, September 11th. StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Friday. Bank of America lowered their target price on shares of Signet Jewelers from $108.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, September 13th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $87.00 price target on shares of Signet Jewelers in a research note on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $109.60.

Signet Jewelers Stock Up 5.6 %

Shares of SIG stock traded up $4.86 during trading on Friday, reaching $91.80. 2,129,008 shares of the company's stock were exchanged, compared to its average volume of 806,746. Signet Jewelers Limited has a twelve month low of $72.26 and a twelve month high of $112.06. The firm's fifty day moving average price is $96.90 and its 200-day moving average price is $91.49. The stock has a market capitalization of $4.04 billion, a PE ratio of 10.56, a PEG ratio of 1.12 and a beta of 2.10.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.05). The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The firm's quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. As a group, analysts anticipate that Signet Jewelers Limited will post 10.78 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, January 24th. Signet Jewelers's dividend payout ratio is 13.35%.

Insiders Place Their Bets

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the firm's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $99.63, for a total value of $332,066.79. Following the transaction, the director now owns 26,085 shares in the company, valued at approximately $2,598,848.55. This trade represents a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Virginia Drosos sold 600 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $101.25, for a total transaction of $60,750.00. Following the sale, the chief executive officer now directly owns 728,220 shares of the company's stock, valued at $73,732,275. This represents a 0.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,957 shares of company stock worth $4,599,306 in the last quarter. 3.26% of the stock is currently owned by corporate insiders.

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.