Russell Investments Group Ltd. Sells 120,005 Shares of Signet Jewelers Limited (NYSE:SIG)

Russell Investments Group Ltd. lowered its position in Signet Jewelers Limited (NYSE:SIG - Free Report) by 75.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,638 shares of the company's stock after selling 120,005 shares during the period. Russell Investments Group Ltd. owned 0.09% of Signet Jewelers worth $3,118,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SIG. Wells Fargo & Company MN raised its stake in shares of Signet Jewelers by 224.2% in the fourth quarter. Wells Fargo & Company MN now owns 109,444 shares of the company's stock worth $8,833,000 after purchasing an additional 75,688 shares during the last quarter. Integrated Quantitative Investments LLC purchased a new stake in shares of Signet Jewelers in the fourth quarter valued at about $274,000. ExodusPoint Capital Management LP boosted its holdings in Signet Jewelers by 463.6% during the fourth quarter. ExodusPoint Capital Management LP now owns 78,478 shares of the company's stock worth $6,334,000 after purchasing an additional 64,554 shares during the last quarter. Bryce Point Capital LLC bought a new stake in Signet Jewelers in the 4th quarter worth about $1,530,000. Finally, CIBC Private Wealth Group LLC increased its stake 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 valued at $123,000 after buying an additional 410 shares during the last quarter.

Insider Buying and Selling at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James Kevin Symancyk acquired 15,000 shares of the firm's stock in a transaction on Monday, March 31st. The stock was purchased at an average price of $57.45 per share, with a total value of $861,750.00. Following the acquisition, the chief executive officer now owns 50,710 shares of the company's stock, valued at $2,913,289.50. This represents a 42.01 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.26% of the company's stock.

Signet Jewelers Price Performance

Shares of NYSE:SIG traded down $2.92 on Monday, hitting $52.46. The company's stock had a trading volume of 378,833 shares, compared to its average volume of 1,145,333. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The company has a 50-day simple moving average of $54.01 and a 200 day simple moving average of $73.13. The company has a market capitalization of $2.25 billion, a PE ratio of 6.04, a PEG ratio of 3.43 and a beta of 1.63. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $112.06.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $2.33 billion. During the same quarter in the prior year, the firm earned $6.73 earnings per share. The firm's revenue was down 5.8% on a year-over-year basis. Sell-side analysts forecast 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. Stockholders of record on Friday, April 25th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Friday, April 25th. This is a positive change from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's payout ratio is -168.42%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SIG shares. Wells Fargo & Company restated an "equal weight" rating and issued a $70.00 price objective (down previously from $80.00) on shares of Signet Jewelers in a research note on Tuesday, April 8th. Bank of America reduced their price objective 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 lifted their price objective on Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Telsey Advisory Group reiterated a "market perform" rating and issued a $55.00 target price on shares of Signet Jewelers in a research note on Wednesday, March 19th. Finally, Cfra Research raised shares of Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $79.60.

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.