Wells Fargo & Company MN Acquires 75,688 Shares of Signet Jewelers Limited (NYSE:SIG)

Wells Fargo & Company MN lifted its holdings in Signet Jewelers Limited (NYSE:SIG - Free Report) by 224.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 109,444 shares of the company's stock after purchasing an additional 75,688 shares during the quarter. Wells Fargo & Company MN owned about 0.25% of Signet Jewelers worth $8,833,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SIG. Smartleaf Asset Management LLC boosted its position in shares of Signet Jewelers by 149.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 703 shares of the company's stock worth $57,000 after buying an additional 421 shares during the period. CIBC Private Wealth Group LLC boosted its position in Signet Jewelers by 32.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company's stock worth $123,000 after acquiring an additional 410 shares during the last quarter. KBC Group NV grew its stake in shares of Signet Jewelers by 34.6% during the 4th quarter. KBC Group NV now owns 1,740 shares of the company's stock worth $140,000 after acquiring an additional 447 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Signet Jewelers in the third quarter valued at approximately $210,000. Finally, HighTower Advisors LLC bought a new stake in shares of Signet Jewelers in the third quarter worth $225,000.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, CEO James Kevin Symancyk bought 15,000 shares of the stock in a transaction dated Monday, March 31st. The shares were bought at an average cost of $57.45 per share, with a total value of $861,750.00. Following the completion of the acquisition, the chief executive officer now owns 50,710 shares of the company's stock, valued at $2,913,289.50. This trade represents a 42.01 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 value of $180,415.29. Following the completion of the sale, the director now owns 22,752 shares of the company's stock, valued at approximately $1,231,565.76. This trade represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.26% of the stock is currently owned by corporate insiders.

Signet Jewelers Stock Performance

Shares of NYSE SIG traded up $0.43 during midday trading on Friday, hitting $55.34. 1,225,372 shares of the company's stock were exchanged, compared to its average volume of 1,148,301. 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 firm has a market capitalization of $2.37 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 3.43 and a beta of 1.63. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $112.06. The company's 50 day moving average price is $54.01 and its 200 day moving average price is $73.13.

Signet Jewelers (NYSE:SIG - Get Free Report) last released 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. The firm 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 company's quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $6.73 earnings per share. As a group, analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be issued a dividend of $0.32 per share. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Friday, April 25th. Signet Jewelers's dividend payout ratio (DPR) is presently -168.42%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SIG. Cfra Research raised shares of Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. UBS Group raised their price objective on Signet Jewelers from $85.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Bank of America dropped their target price on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $55.00 price target on shares of Signet Jewelers in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $70.00 price objective (down previously from $80.00) on shares of Signet Jewelers in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.