Signet Jewelers Limited (NYSE:SIG) Holdings Raised by Grace & White Inc. NY

Grace & White Inc. NY increased its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,262 shares of the company's stock after purchasing an additional 11,900 shares during the quarter. Signet Jewelers accounts for 3.1% of Grace & White Inc. NY's investment portfolio, making the stock its 8th largest position. Grace & White Inc. NY owned approximately 0.48% of Signet Jewelers worth $16,728,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SIG. Harbor Capital Advisors Inc. acquired a new stake in shares of Signet Jewelers during the 3rd quarter valued at approximately $25,000. Erste Asset Management GmbH acquired a new position in Signet Jewelers during the third quarter worth $77,000. CWM LLC boosted its position in Signet Jewelers by 177.3% during the third quarter. CWM LLC now owns 1,148 shares of the company's stock worth $118,000 after purchasing an additional 734 shares in the last quarter. KBC Group NV grew its holdings in Signet Jewelers by 25.5% in the third quarter. KBC Group NV now owns 1,293 shares of the company's stock valued at $133,000 after purchasing an additional 263 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new position in shares of Signet Jewelers in the third quarter valued at $207,000.

Wall Street Analysts Forecast Growth

SIG has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective 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. Bank of America reduced their price target on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Finally, Telsey Advisory Group reduced their target price on Signet Jewelers from $87.00 to $65.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Signet Jewelers presently has an average rating of "Moderate Buy" and a consensus target price of $95.20.

Signet Jewelers Trading Up 2.0 %

Shares of NYSE:SIG traded up $1.04 during trading on Friday, reaching $53.74. The stock had a trading volume of 1,616,407 shares, compared to its average volume of 1,953,849. 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 $2.34 billion, a P/E ratio of 6.18, a PEG ratio of 3.47 and a beta of 2.11. The business has a fifty day moving average price of $69.22 and a 200-day moving average price of $83.12. Signet Jewelers Limited has a fifty-two week low of $52.09 and a fifty-two week high of $112.06.

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

Signet Jewelers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 24th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Friday, January 24th. Signet Jewelers's dividend payout ratio (DPR) is 13.35%.

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.