14,100 Shares in Signet Jewelers Limited (NYSE:SIG) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Signet Jewelers Limited (NYSE:SIG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,100 shares of the company's stock, valued at approximately $1,138,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of SIG. Smartleaf Asset Management LLC lifted its position in shares of 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 in the last quarter. Erste Asset Management GmbH acquired a new position in Signet Jewelers during the 3rd quarter worth $77,000. KBC Group NV boosted its position 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 during the last quarter. Virtu Financial LLC acquired a new stake in shares of Signet Jewelers in the 3rd quarter valued at $210,000. Finally, HighTower Advisors LLC bought a new stake in shares of Signet Jewelers during the third quarter worth $225,000.

Analyst Upgrades and Downgrades

SIG has been the topic of several recent research reports. Cfra Research upgraded Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. StockNews.com lowered shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. UBS Group boosted their price target on shares of Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $55.00 price objective on shares of Signet Jewelers in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company dropped their target price on shares of Signet Jewelers from $95.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $81.60.

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Signet Jewelers Trading Down 12.1 %

NYSE:SIG traded down $7.35 during trading hours on Thursday, hitting $53.18. The stock had a trading volume of 462,948 shares, compared to its average volume of 1,107,523. The business's 50 day moving average is $54.55 and its 200-day moving average is $77.16. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 6.12, a P/E/G ratio of 3.43 and a beta of 2.20. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $112.06. 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 issued its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, topping 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 quarter last year, the business posted $6.73 EPS. The firm's revenue was down 5.8% compared to the same quarter last year. Sell-side analysts anticipate 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. Shareholders of record on Friday, April 25th will be issued a dividend of $0.32 per share. This is an increase from Signet Jewelers's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, April 25th. Signet Jewelers's dividend payout ratio (DPR) is -168.42%.

Insider Buying and Selling at Signet Jewelers

In other news, CEO James Kevin Symancyk purchased 15,000 shares of the company's stock in a transaction on Monday, March 31st. The shares were purchased at an average price of $57.45 per share, with a total value of $861,750.00. Following the purchase, the chief executive officer now directly owns 50,710 shares of the company's stock, valued at $2,913,289.50. This trade represents a 42.01 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Eugenia Ulasewicz sold 3,333 shares of the company'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 transaction, the director now directly owns 22,752 shares of the company's stock, valued at $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. 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.