Signet Jewelers Limited (NYSE:SIG) is Anomaly Capital Management LP's 10th Largest Position

Anomaly Capital Management LP lifted its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 862.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,762,523 shares of the company's stock after purchasing an additional 1,579,410 shares during the quarter. Signet Jewelers accounts for about 4.2% of Anomaly Capital Management LP's portfolio, making the stock its 10th largest position. Anomaly Capital Management LP owned about 4.05% of Signet Jewelers worth $142,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its holdings in 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 acquiring an additional 421 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Signet Jewelers by 832.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,362 shares of the company's stock valued at $110,000 after buying an additional 1,216 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings 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 purchasing an additional 410 shares in the last quarter. KBC Group NV raised its position in Signet Jewelers by 34.6% in the 4th quarter. KBC Group NV now owns 1,740 shares of the company's stock valued at $140,000 after buying an additional 447 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Signet Jewelers during the third quarter worth about $210,000.

Insider Buying and Selling

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the business's stock in a transaction dated Friday, February 21st. The shares were 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 approximately $1,231,565.76. The trade was a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Kevin Symancyk bought 15,000 shares of the company's stock in a transaction dated Monday, March 31st. The shares were purchased at an average price 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 position. The disclosure for this purchase can be found here. 3.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wells Fargo & Company reiterated an "equal weight" rating and set a $70.00 target price (down from $80.00) on shares of Signet Jewelers in a research note on Tuesday, April 8th. Telsey Advisory Group reissued a "market perform" rating and issued a $55.00 price target on shares of Signet Jewelers in a report on Wednesday, March 19th. UBS Group boosted their target price on Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Bank of America lowered their price target on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Finally, Cfra Research upgraded shares of Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Signet Jewelers has a consensus rating of "Hold" and an average target price of $79.60.

Signet Jewelers Price Performance

SIG stock traded down $0.01 during mid-day trading on Friday, hitting $59.00. 675,381 shares of the stock were exchanged, compared to its average volume of 1,153,953. The business has a fifty day moving average price of $54.26 and a 200 day moving average price of $72.03. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $112.06. 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 stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 3.43 and a beta of 1.63.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.39 by $0.23. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. Signet Jewelers's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.73 earnings per share. On average, sell-side analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be issued a $0.32 dividend. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.28 annualized dividend and a dividend yield of 2.17%. Signet Jewelers's dividend payout ratio (DPR) is currently -168.42%.

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.