Illinois Municipal Retirement Fund Has $4.97 Million Stock Position in Signet Jewelers Limited (NYSE:SIG)

Illinois Municipal Retirement Fund increased its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 22.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,568 shares of the company's stock after acquiring an additional 11,218 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.14% of Signet Jewelers worth $4,969,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning increased its holdings in shares of Signet Jewelers by 26.0% during the 3rd quarter. Creative Planning now owns 9,827 shares of the company's stock worth $1,014,000 after purchasing an additional 2,029 shares during the period. GW Henssler & Associates Ltd. acquired a new stake in Signet Jewelers during the third quarter worth about $227,000. Trajan Wealth LLC bought a new position in Signet Jewelers during the third quarter valued at about $258,000. Murphy Pohlad Asset Management LLC raised its holdings in Signet Jewelers by 1.5% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 28,325 shares of the company's stock valued at $2,921,000 after acquiring an additional 425 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Signet Jewelers during the 3rd quarter worth approximately $25,000.

Insider Activity

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the 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 $1,231,565.76. This represents a 12.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.26% of the stock is currently owned by corporate insiders.

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Analyst Upgrades and Downgrades

A number of research analysts recently commented on SIG shares. Telsey Advisory Group cut their target price on Signet Jewelers from $87.00 to $65.00 and set a "market perform" rating for the company in a research note on Wednesday, January 15th. Bank of America dropped their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company decreased their target price on shares of Signet Jewelers from $110.00 to $95.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com lowered shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.20.

Signet Jewelers Price Performance

Shares of NYSE:SIG traded up $2.61 on Friday, hitting $52.34. The stock had a trading volume of 3,395,137 shares, compared to its average volume of 1,752,114. The firm's 50 day moving average price is $63.18 and its 200-day moving average price is $81.46. 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 $49.68 and a twelve month high of $112.06. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 6.02, a price-to-earnings-growth ratio of 3.43 and a beta of 2.11.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.05). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. Signet Jewelers's quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share. On average, equities research analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 24th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Friday, January 24th. Signet Jewelers's payout ratio is presently 13.35%.

Signet Jewelers Company 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.