CastleKnight Management LP Has $697,000 Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

CastleKnight Management LP decreased its stake in Signet Jewelers Limited (NYSE:SIG) by 33.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,500 shares of the company’s stock after selling 3,300 shares during the period. CastleKnight Management LP’s holdings in Signet Jewelers were worth $697,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Privium Fund Management UK Ltd acquired a new stake in shares of Signet Jewelers during the fourth quarter valued at about $216,000. Quantedge Capital Pte Ltd grew its holdings in Signet Jewelers by 187.2% during the 4th quarter. Quantedge Capital Pte Ltd now owns 38,200 shares of the company’s stock worth $4,097,000 after acquiring an additional 24,900 shares during the last quarter. Armistice Capital LLC increased its position in Signet Jewelers by 26.0% in the 4th quarter. Armistice Capital LLC now owns 20,000 shares of the company’s stock valued at $2,145,000 after acquiring an additional 4,122 shares during the period. Southeast Asset Advisors Inc. increased its position in Signet Jewelers by 5.8% in the 4th quarter. Southeast Asset Advisors Inc. now owns 37,837 shares of the company’s stock valued at $4,058,000 after acquiring an additional 2,060 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Signet Jewelers during the fourth quarter valued at $694,000.

Analyst Ratings Changes

A number of research firms recently weighed in on SIG. Bank of America decreased their price objective on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Wells Fargo & Company raised their price objective on Signet Jewelers from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. UBS Group upped their target price on Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Telsey Advisory Group reissued a “market perform” rating and set a $110.00 target price on shares of Signet Jewelers in a research report on Friday. Finally, StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Four 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, Signet Jewelers has an average rating of “Hold” and an average price target of $121.20.

Insider Buying and Selling

In other Signet Jewelers news, CAO Vincent Ciccolini sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $101.64, for a total value of $406,560.00. Following the completion of the sale, the chief accounting officer now owns 46,076 shares of the company’s stock, valued at $4,683,164.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Signet Jewelers news, CAO Vincent Ciccolini sold 4,000 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $101.64, for a total value of $406,560.00. Following the transaction, the chief accounting officer now directly owns 46,076 shares of the company’s stock, valued at $4,683,164.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joan M. Hilson sold 8,000 shares of Signet Jewelers stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $92.69, for a total transaction of $741,520.00. Following the transaction, the insider now owns 187,377 shares of the company’s stock, valued at $17,367,974.13. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,431 shares of company stock valued at $3,444,267. 3.26% of the stock is owned by company insiders.

Signet Jewelers Trading Down 0.9 %

SIG stock traded down $0.99 during mid-day trading on Friday, reaching $105.73. The company’s stock had a trading volume of 505,650 shares, compared to its average volume of 568,660. Signet Jewelers Limited has a 12 month low of $57.10 and a 12 month high of $112.06. The business’s 50 day moving average price is $100.46 and its 200 day moving average price is $99.15. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 1.17 and a beta of 2.12.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Wednesday, March 20th. The company reported $6.73 earnings per share for the quarter, beating the consensus estimate of $6.33 by $0.40. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.55 billion. Signet Jewelers had a net margin of 11.30% and a return on equity of 32.26%. Signet Jewelers’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.52 EPS. As a group, equities analysts expect that Signet Jewelers Limited will post 10.6 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, April 26th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.10%. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, April 25th. Signet Jewelers’s payout ratio is presently 7.74%.

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.