Fuller & Thaler Asset Management Inc. Sells 384,725 Shares of Signet Jewelers Limited (NYSE:SIG)

Fuller & Thaler Asset Management Inc. reduced its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 56.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,421 shares of the company's stock after selling 384,725 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.68% of Signet Jewelers worth $23,843,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of Signet Jewelers in the 3rd quarter worth $210,000. Franklin Resources Inc. grew its stake in shares of Signet Jewelers by 0.9% in the third quarter. Franklin Resources Inc. now owns 34,122 shares of the company's stock worth $3,330,000 after acquiring an additional 288 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Signet Jewelers by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 310,852 shares of the company's stock valued at $32,061,000 after purchasing an additional 3,238 shares during the last quarter. Nordea Investment Management AB lifted its position in Signet Jewelers by 36.3% during the fourth quarter. Nordea Investment Management AB now owns 132,070 shares of the company's stock valued at $10,704,000 after purchasing an additional 35,174 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its holdings in Signet Jewelers by 100.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,731 shares of the company's stock worth $462,000 after purchasing an additional 2,867 shares during the last quarter.

Signet Jewelers Price Performance

Shares of NYSE SIG traded up $0.06 during midday trading on Monday, reaching $59.11. The stock had a trading volume of 635,754 shares, compared to its average volume of 1,154,174. 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 Limited has a 12-month low of $45.55 and a 12-month high of $112.06. The stock has a 50-day moving average of $54.26 and a 200-day moving average of $71.67. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 6.80, a price-to-earnings-growth ratio of 3.43 and a beta of 1.63.

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

Signet Jewelers Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.28 annualized dividend and a dividend yield of 2.17%. This is an increase from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's dividend payout ratio is currently -168.42%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Signet Jewelers

In related news, CEO James Kevin Symancyk acquired 15,000 shares of the stock in a transaction on Monday, March 31st. The stock was bought at an average cost of $57.45 per share, with a total value of $861,750.00. Following the transaction, the chief executive officer now directly owns 50,710 shares in the company, valued at approximately $2,913,289.50. This represents a 42.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Eugenia Ulasewicz sold 3,333 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of 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. Company insiders own 3.26% of the company's stock.

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.