Thrivent Financial for Lutherans Sells 42,908 Shares of Signet Jewelers Limited (NYSE:SIG)

Thrivent Financial for Lutherans lessened its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 27.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,825 shares of the company's stock after selling 42,908 shares during the quarter. Thrivent Financial for Lutherans owned about 0.26% of Signet Jewelers worth $9,025,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Atria Investments Inc bought a new stake in Signet Jewelers in the 3rd quarter worth approximately $254,000. Segall Bryant & Hamill LLC boosted its stake in shares of Signet Jewelers by 29.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 15,238 shares of the company's stock worth $1,572,000 after acquiring an additional 3,461 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Signet Jewelers by 40.2% during the 3rd quarter. Intech Investment Management LLC now owns 19,830 shares of the company's stock valued at $2,045,000 after acquiring an additional 5,690 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Signet Jewelers by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 669,896 shares of the company's stock worth $69,093,000 after purchasing an additional 30,820 shares in the last quarter. Finally, Raymond James Trust N.A. bought a new position in Signet Jewelers in the 3rd quarter worth $207,000.

Signet Jewelers Price Performance

SIG traded up $0.44 during trading on Wednesday, reaching $60.70. 1,030,682 shares of the company traded hands, compared to its average volume of 1,065,456. The company has a market cap of $2.64 billion, a P/E ratio of 6.98, a PEG ratio of 3.43 and a beta of 2.20. 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 12-month low of $45.55 and a 12-month high of $112.06. The firm has a fifty day simple moving average of $54.32 and a 200 day simple moving average of $78.06.

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Signet Jewelers (NYSE:SIG - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, beating the consensus estimate of $6.39 by $0.23. The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.33 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 5.8% on a year-over-year basis. During the same period last year, the company posted $6.73 earnings per share. On average, equities analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, April 25th. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's dividend payout ratio (DPR) is currently -168.42%.

Insider Transactions at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.26% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on SIG. Telsey Advisory Group reissued a "market perform" rating and set a $55.00 price target on shares of Signet Jewelers in a report on Wednesday, March 19th. Cfra Research upgraded Signet Jewelers to a "moderate buy" rating in a research note on Thursday, March 20th. Bank of America decreased their target price on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. UBS Group upped their price target on shares of Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Finally, StockNews.com downgraded 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 issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.60.

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.