Invesco Ltd. Acquires 53,758 Shares of Signet Jewelers Limited (NYSE:SIG)

Invesco Ltd. grew its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 19.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 334,725 shares of the company's stock after buying an additional 53,758 shares during the period. Invesco Ltd. owned 0.77% of Signet Jewelers worth $27,016,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in Signet Jewelers by 149.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 703 shares of the company's stock worth $57,000 after purchasing an additional 421 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in Signet Jewelers by 32.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company's stock worth $123,000 after buying an additional 410 shares during the period. KBC Group NV grew its stake in Signet Jewelers by 34.6% in the 4th quarter. KBC Group NV now owns 1,740 shares of the company's stock valued at $140,000 after buying an additional 447 shares in the last quarter. Virtu Financial LLC bought a new stake in Signet Jewelers during the 3rd quarter valued at $210,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Signet Jewelers during the third quarter worth $225,000.

Signet Jewelers Price Performance

Shares of SIG stock traded up $0.72 during trading hours on Wednesday, hitting $56.91. 1,152,235 shares of the company's stock were exchanged, compared to its average volume of 1,149,601. The company has a market capitalization of $2.44 billion, a PE ratio of 6.54, a PEG ratio of 3.43 and a beta of 1.63. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $112.06. The business's 50 day simple moving average is $54.04 and its 200-day simple moving average is $72.69.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, topping 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 analysts' expectations of $2.33 billion. The firm's revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $6.73 EPS. On average, equities research analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors 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 2.25%. This is an increase from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, April 25th. Signet Jewelers's payout ratio is presently -168.42%.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, CEO James Kevin Symancyk purchased 15,000 shares of the stock in a transaction on Monday, March 31st. The stock was acquired at an average price 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 of the company's stock, valued at approximately $2,913,289.50. This trade represents a 42.01 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction that occurred on Friday, February 21st. The stock was 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 in the company, valued at approximately $1,231,565.76. This represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on SIG. Cfra Research upgraded Signet Jewelers to a "moderate buy" rating in a research note on Thursday, March 20th. 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. UBS Group boosted their price target on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Bank of America decreased their price target 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. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $70.00 price objective (down previously from $80.00) on shares of Signet Jewelers in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $79.60.

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.