Vanguard Group Inc. Has $388.71 Million Stock Position in Signet Jewelers Limited (NYSE:SIG)

Vanguard Group Inc. increased its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,816,112 shares of the company's stock after acquiring an additional 6,337 shares during the period. Vanguard Group Inc. owned approximately 11.07% of Signet Jewelers worth $388,708,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. KLP Kapitalforvaltning AS acquired a new position in Signet Jewelers in the fourth quarter valued at $1,138,000. American Century Companies Inc. lifted its stake in shares of Signet Jewelers by 18.9% in the 4th quarter. American Century Companies Inc. now owns 1,150,441 shares of the company's stock valued at $92,852,000 after purchasing an additional 182,948 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Signet Jewelers in the 4th quarter valued at about $2,418,000. Xponance Inc. grew its holdings in shares of Signet Jewelers by 12.2% during the 4th quarter. Xponance Inc. now owns 3,149 shares of the company's stock worth $254,000 after purchasing an additional 343 shares during the period. Finally, William Blair Investment Management LLC increased its position in Signet Jewelers by 33.2% during the 4th quarter. William Blair Investment Management LLC now owns 309,129 shares of the company's stock worth $24,950,000 after purchasing an additional 76,966 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have commented on SIG. UBS Group boosted their price objective on Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Wells Fargo & Company reduced their price target on Signet Jewelers from $95.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Bank of America lowered their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Cfra Research raised shares of Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $55.00 price objective on shares of Signet Jewelers in a report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.60.

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Insider Activity at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $54.13, for a total transaction of $180,415.29. Following the transaction, the director now owns 22,752 shares in the company, valued at approximately $1,231,565.76. This trade represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Kevin Symancyk acquired 15,000 shares of Signet Jewelers stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average cost of $57.45 per share, with a total value of $861,750.00. Following the purchase, the chief executive officer now owns 50,710 shares in the company, valued at $2,913,289.50. The trade was a 42.01 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.26% of the company's stock.

Signet Jewelers Price Performance

Shares of NYSE SIG traded down $0.20 during trading on Monday, hitting $54.69. The company had a trading volume of 1,934,680 shares, compared to its average volume of 1,119,283. The company has a market cap of $2.35 billion, a P/E ratio of 6.29, a PEG ratio of 3.43 and a beta of 1.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. The business's 50-day moving average is $54.21 and its 200 day moving average is $76.22. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $112.06.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, topping the consensus estimate of $6.39 by $0.23. The business 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 firm's quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the firm posted $6.73 earnings per share. Equities research 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 disclosed 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 represents a $1.28 annualized dividend and a dividend yield of 2.34%. This is a positive change 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 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.