Signet Jewelers Limited (NYSE:SIG) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,284 shares of the company's stock after selling 4,469 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.14% of Signet Jewelers worth $4,785,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in shares of Signet Jewelers by 149.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company's stock worth $57,000 after purchasing an additional 421 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in Signet Jewelers during the 3rd quarter worth approximately $77,000. KBC Group NV raised its holdings in shares of Signet Jewelers by 34.6% during the fourth quarter. KBC Group NV now owns 1,740 shares of the company's stock valued at $140,000 after acquiring an additional 447 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Signet Jewelers in the third quarter valued at approximately $210,000. Finally, HighTower Advisors LLC purchased a new position in shares of Signet Jewelers in the third quarter valued at approximately $225,000.

Insider Activity at Signet Jewelers

In other news, CEO James Kevin Symancyk bought 15,000 shares of the business's stock in a transaction on Monday, March 31st. The shares were bought at an average price of $57.45 per share, with a total value of $861,750.00. Following the completion of the transaction, the chief executive officer now directly owns 50,710 shares in the company, valued at $2,913,289.50. This trade represents a 42.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eugenia Ulasewicz sold 3,333 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the transaction, the director now owns 22,752 shares in the company, valued at $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 owned by insiders.

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Signet Jewelers Trading Down 10.0 %

Signet Jewelers stock traded down $6.08 during midday trading on Thursday, hitting $54.45. 1,033,075 shares of the stock were exchanged, compared to its average volume of 1,729,695. The stock's 50-day simple moving average is $54.55 and its 200 day simple moving average is $77.16. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $112.06. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 3.43 and a beta of 2.20.

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 analysts' consensus estimates of $6.39 by $0.23. The firm had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.33 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm's quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $6.73 earnings per share. On average, equities analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.35%. This is an increase from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 25th. Signet Jewelers's dividend payout ratio (DPR) is presently -168.42%.

Wall Street Analysts Forecast Growth

SIG has been the subject of several recent research reports. Cfra Research raised Signet Jewelers to a "moderate buy" rating in a research note on Thursday, March 20th. Wells Fargo & Company reduced their target price on shares of Signet Jewelers from $95.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. StockNews.com lowered shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. UBS Group increased their price objective on shares of 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 lowered 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.60.

Signet Jewelers 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.