Empowered Funds LLC Reduces Position in Signet Jewelers Limited (NYSE:SIG)

Empowered Funds LLC lessened its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 7.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 81,822 shares of the company's stock after selling 6,340 shares during the period. Empowered Funds LLC owned 0.19% of Signet Jewelers worth $6,604,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in Signet Jewelers during the 3rd quarter valued at $25,000. Erste Asset Management GmbH bought a new stake in Signet Jewelers during the 3rd quarter valued at $77,000. CWM LLC increased its stake in Signet Jewelers by 177.3% during the 3rd quarter. CWM LLC now owns 1,148 shares of the company's stock valued at $118,000 after purchasing an additional 734 shares in the last quarter. KBC Group NV increased its stake in Signet Jewelers by 25.5% during the 3rd quarter. KBC Group NV now owns 1,293 shares of the company's stock valued at $133,000 after purchasing an additional 263 shares in the last quarter. Finally, Raymond James Trust N.A. bought a new stake in Signet Jewelers during the 3rd quarter valued at $207,000.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SIG. StockNews.com lowered shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Wells Fargo & Company reduced their target price on shares of Signet Jewelers from $110.00 to $95.00 and set an "overweight" rating for the company in a research note on Wednesday, January 15th. Bank of America reduced their target price on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Finally, Telsey Advisory Group reduced their target price on shares of Signet Jewelers from $87.00 to $65.00 and set a "market perform" rating for the company in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Signet Jewelers presently has an average rating of "Moderate Buy" and a consensus price target of $95.20.

Signet Jewelers Stock Performance

SIG traded up $1.04 during trading on Friday, hitting $53.74. 1,616,407 shares of the company traded hands, compared to its average volume of 1,796,707. The firm has a market cap of $2.34 billion, a P/E ratio of 6.18, a price-to-earnings-growth ratio of 3.47 and a beta of 2.11. The stock's fifty day moving average is $69.22 and its 200 day moving average is $83.13. 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 one year low of $52.09 and a one year high of $112.06.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.37 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. Signet Jewelers's quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. As a group, equities analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The business 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. The ex-dividend date is Friday, January 24th. This represents a $1.16 annualized dividend and a yield of 2.16%. Signet Jewelers's payout ratio is currently 13.35%.

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.