VIRGINIA RETIREMENT SYSTEMS ET Al Lowers Position in Signet Jewelers Limited $SIG

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 58.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,012 shares of the company’s stock after selling 8,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Signet Jewelers were worth $498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. bought a new stake in Signet Jewelers in the 4th quarter valued at about $31,000. Farther Finance Advisors LLC boosted its holdings in shares of Signet Jewelers by 48.6% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after acquiring an additional 124 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Signet Jewelers during the third quarter valued at about $64,000. EverSource Wealth Advisors LLC increased its holdings in Signet Jewelers by 171.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after acquiring an additional 428 shares during the period. Finally, Neo Ivy Capital Management bought a new position in Signet Jewelers in the 3rd quarter valued at $82,000.

Signet Jewelers Trading Down 2.6%

Shares of NYSE:SIG opened at $74.02 on Tuesday. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 0.88 and a beta of 1.20. Signet Jewelers Limited has a 12 month low of $61.92 and a 12 month high of $110.20. The company has a 50-day moving average price of $87.17 and a 200-day moving average price of $90.79.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, March 19th. The company reported $6.25 earnings per share for the quarter, beating the consensus estimate of $6.11 by $0.14. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a return on equity of 22.22% and a net margin of 4.32%.The firm’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $6.62 earnings per share. As a group, research analysts forecast that Signet Jewelers Limited will post 10.3 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, April 24th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, April 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.32. Signet Jewelers’s payout ratio is currently 17.95%.

Analyst Upgrades and Downgrades

SIG has been the topic of a number of research analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $96.00 target price on shares of Signet Jewelers in a research note on Thursday, March 19th. Wells Fargo & Company upped their price objective on shares of Signet Jewelers from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Friday, March 20th. The Goldman Sachs Group upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada raised shares of Signet Jewelers to a “hold” rating in a research note on Monday, March 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

About Signet Jewelers

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.