Signet Jewelers Limited (NYSE:SIG) Shares Sold by LSV Asset Management

LSV Asset Management lowered its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 28.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,100 shares of the company's stock after selling 30,200 shares during the period. LSV Asset Management owned 0.17% of Signet Jewelers worth $6,142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SIG. HighTower Advisors LLC acquired a new stake in Signet Jewelers during the third quarter worth approximately $225,000. Virtu Financial LLC acquired a new stake in Signet Jewelers during the 3rd quarter worth $210,000. Sanctuary Advisors LLC lifted its position in Signet Jewelers by 10.7% in the third quarter. Sanctuary Advisors LLC now owns 34,260 shares of the company's stock valued at $3,515,000 after acquiring an additional 3,312 shares during the last quarter. Franklin Resources Inc. lifted its position in Signet Jewelers by 0.9% in the third quarter. Franklin Resources Inc. now owns 34,122 shares of the company's stock valued at $3,330,000 after acquiring an additional 288 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Signet Jewelers by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 310,852 shares of the company's stock valued at $32,061,000 after acquiring an additional 3,238 shares in the last quarter.

Signet Jewelers Stock Performance

NYSE:SIG traded up $0.43 during midday trading on Friday, reaching $55.34. The stock had a trading volume of 1,225,372 shares, compared to its average volume of 1,146,320. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.37 billion, a P/E ratio of 6.37, a P/E/G ratio of 3.43 and a beta of 1.63. The firm has a fifty day simple moving average of $54.01 and a two-hundred day simple moving average of $73.43. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $112.06.

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

Signet Jewelers Increases Dividend

The firm also recently declared 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. The ex-dividend date is Friday, April 25th. This is an increase from Signet Jewelers's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.31%. Signet Jewelers's payout ratio is -168.42%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Bank of America reduced their target price on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. UBS Group raised their target price on shares of Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $70.00 target price (down from $80.00) on shares of Signet Jewelers in a report on Tuesday, April 8th. Telsey Advisory Group reiterated a "market perform" rating and set a $55.00 price target on shares of Signet Jewelers in a research note on Wednesday, March 19th. Finally, Cfra Research upgraded shares of Signet Jewelers to a "moderate buy" rating in a research note on Thursday, March 20th. Four 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, Signet Jewelers presently has an average rating of "Hold" and an average target price of $79.60.

Insider Buying and Selling

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the business's stock in a transaction that occurred on 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. The trade was a 12.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James Kevin Symancyk acquired 15,000 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average cost of $57.45 per share, with a total value of $861,750.00. Following the completion of the purchase, the chief executive officer now directly owns 50,710 shares in the company, valued at $2,913,289.50. This represents a 42.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.26% of the stock is currently owned by corporate 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.