Federated Hermes Inc. Grows Stock Position in Signet Jewelers Limited (NYSE:SIG)

Federated Hermes Inc. raised its position in Signet Jewelers Limited (NYSE:SIG - Free Report) by 26.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,102 shares of the company's stock after acquiring an additional 5,258 shares during the quarter. Federated Hermes Inc. owned approximately 0.06% of Signet Jewelers worth $2,026,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in 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 acquiring an additional 421 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Signet Jewelers by 32.9% during the fourth 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 grew 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 valued at $140,000 after purchasing an additional 447 shares during the period. Virtu Financial LLC bought a new position in shares of Signet Jewelers in the third quarter worth about $210,000. Finally, HighTower Advisors LLC purchased a new position in shares of Signet Jewelers during the 3rd quarter valued at about $225,000.

Analyst Ratings Changes

Several equities analysts have weighed in on SIG shares. Cfra Research raised shares of Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. Bank of America dropped their target price on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Telsey Advisory Group reissued a "market perform" rating and set a $55.00 price target on shares of Signet Jewelers in a report on Wednesday, March 19th. UBS Group increased their target price on Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $70.00 price target (down from $80.00) on shares of Signet Jewelers in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $79.60.

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Insider Buying and Selling

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction 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. This trade represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James Kevin Symancyk bought 15,000 shares of Signet Jewelers stock in a transaction on Monday, March 31st. The stock was purchased at an average price of $57.45 per share, with a total value of $861,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 50,710 shares of the company's stock, valued at $2,913,289.50. This represents a 42.01 % increase in their position. The disclosure for this purchase can be found here. 3.26% of the stock is owned by corporate insiders.

Signet Jewelers Price Performance

NYSE:SIG traded up $0.52 during trading hours on Thursday, reaching $55.43. The stock had a trading volume of 778,948 shares, compared to its average volume of 1,140,142. The stock has a market capitalization of $2.38 billion, a PE ratio of 6.39, a PEG ratio of 3.43 and a beta of 1.63. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $112.06. The company has a 50 day moving average price of $53.97 and a two-hundred day moving average price of $74.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.39 by $0.23. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the firm earned $6.73 earnings per share. Signet Jewelers's revenue was down 5.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently disclosed 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. This represents a $1.28 annualized dividend and a dividend yield of 2.31%. This is a positive change from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 25th. Signet Jewelers's dividend payout ratio (DPR) is presently -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.