EntryPoint Capital LLC Invests $371,000 in Signet Jewelers Limited (NYSE:SIG)

EntryPoint Capital LLC purchased a new position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,602 shares of the company's stock, valued at approximately $371,000.

Several other hedge funds have also recently modified their holdings of SIG. Smartleaf Asset Management LLC raised its position in Signet Jewelers by 149.3% during 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 during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Signet Jewelers during the third quarter worth about $77,000. KBC Group NV raised its holdings in Signet Jewelers by 34.6% during the fourth 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. Raymond James Trust N.A. acquired a new stake in Signet Jewelers in the third quarter valued at about $207,000. Finally, Virtu Financial LLC purchased a new stake in Signet Jewelers in the 3rd quarter valued at approximately $210,000.

Signet Jewelers Trading Down 1.3 %

NYSE:SIG traded down $0.78 on Monday, reaching $58.05. The stock had a trading volume of 1,388,795 shares, compared to its average volume of 1,107,162. 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 $2.49 billion, a price-to-earnings ratio of 6.68, a P/E/G ratio of 3.43 and a beta of 2.20. The firm's fifty day moving average is $54.48 and its two-hundred day moving average is $77.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25.

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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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.39 by $0.23. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. Signet Jewelers's revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $6.73 earnings per share. Equities analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be given a $0.32 dividend. The ex-dividend date is Friday, April 25th. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 2.20%. Signet Jewelers's dividend payout ratio (DPR) is currently -168.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SIG. Cfra Research raised Signet Jewelers to a "moderate buy" rating in a research note 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 report on Wednesday, March 19th. Wells Fargo & Company cut their price target on shares of Signet Jewelers from $95.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. UBS Group upped their price target on Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Finally, Bank of America lowered their target price on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.60.

Insider Activity at Signet Jewelers

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