Magnetar Financial LLC Purchases Shares of 29,958 Signet Jewelers Limited (NYSE:SIG)

Magnetar Financial LLC acquired a new stake in Signet Jewelers Limited (NYSE:SIG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 29,958 shares of the company's stock, valued at approximately $2,418,000. Magnetar Financial LLC owned 0.07% of Signet Jewelers at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SIG. Grace & White Inc. NY boosted its holdings in shares of Signet Jewelers by 6.1% in the fourth quarter. Grace & White Inc. NY now owns 207,262 shares of the company's stock valued at $16,728,000 after purchasing an additional 11,900 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of Signet Jewelers by 22.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 61,568 shares of the company's stock worth $4,969,000 after buying an additional 11,218 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Signet Jewelers by 30.5% during the fourth quarter. Van ECK Associates Corp now owns 36,655 shares of the company's stock valued at $2,958,000 after buying an additional 8,574 shares during the period. US Bancorp DE raised its holdings in shares of Signet Jewelers by 99.6% in the fourth quarter. US Bancorp DE now owns 19,598 shares of the company's stock valued at $1,582,000 after acquiring an additional 9,778 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in Signet Jewelers by 5.0% in the fourth quarter. Royce & Associates LP now owns 202,280 shares of the company's stock worth $16,326,000 after acquiring an additional 9,559 shares during the period.

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Insider Activity

In other Signet Jewelers news, 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 transaction of $180,415.29. Following the sale, the director now owns 22,752 shares of the company's stock, valued at approximately $1,231,565.76. The trade was a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.26% of the company's stock.

Signet Jewelers Stock Down 1.8 %

SIG traded down $1.13 during trading on Tuesday, hitting $60.14. The stock had a trading volume of 1,464,466 shares, compared to its average volume of 1,066,283. The stock has a 50 day simple moving average of $54.27 and a two-hundred day simple moving average of $78.18. 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 twelve month low of $45.55 and a twelve month high of $112.06. The company has a market capitalization of $2.62 billion, a PE ratio of 6.92, a PEG ratio of 3.43 and a beta of 2.20.

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, 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 firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the business posted $6.73 EPS. The business's revenue for the quarter was down 5.8% compared to the same quarter last year. On average, research analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current 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 issued a dividend of $0.32 per share. The ex-dividend date is Friday, April 25th. This represents a $1.28 annualized dividend and a dividend yield of 2.13%. This is an increase from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's dividend payout ratio is -168.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. StockNews.com lowered shares of Signet Jewelers from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Telsey Advisory Group reissued a "market perform" rating and issued a $55.00 price objective on shares of Signet Jewelers in a research note on Wednesday, March 19th. Wells Fargo & Company dropped their target price on Signet Jewelers from $95.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. UBS Group lifted 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. Finally, Bank of America decreased their price objective on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $81.60.

About Signet Jewelers

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.