Signet Jewelers Limited (NYSE:SIG) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP cut its stake in Signet Jewelers Limited (NYSE:SIG) by 21.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 279,301 shares of the company’s stock after selling 77,567 shares during the quarter. Wasatch Advisors LP owned about 0.63% of Signet Jewelers worth $29,958,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SIG. Eminence Capital LP acquired a new stake in shares of Signet Jewelers in the 3rd quarter worth $40,962,000. Norges Bank acquired a new stake in shares of Signet Jewelers in the 4th quarter worth $52,976,000. Pacer Advisors Inc. increased its position in shares of Signet Jewelers by 38.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,262,773 shares of the company’s stock worth $135,445,000 after purchasing an additional 349,771 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Signet Jewelers by 42.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 394,365 shares of the company’s stock worth $42,300,000 after purchasing an additional 118,275 shares during the last quarter. Finally, FMR LLC increased its position in shares of Signet Jewelers by 8.4% during the 3rd quarter. FMR LLC now owns 1,201,134 shares of the company’s stock worth $86,253,000 after purchasing an additional 93,136 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SIG. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Bank of America cut their price objective on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a research 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. Telsey Advisory Group reissued a “market perform” rating and set a $110.00 price objective on shares of Signet Jewelers in a research report on Friday. Finally, UBS Group raised 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $121.20.

Insider Activity

In other news, CAO Vincent Ciccolini sold 4,000 shares of Signet Jewelers stock in a transaction dated 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 transaction, the chief accounting officer now owns 46,076 shares in the company, valued at approximately $4,683,164.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Vincent Ciccolini sold 4,000 shares of the business’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 transaction of $406,560.00. Following the completion of the sale, the chief accounting officer now owns 46,076 shares in the company, valued at $4,683,164.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director H. Todd Stitzer sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $102.41, for a total value of $512,050.00. Following the sale, the director now owns 56,678 shares of the company’s stock, valued at approximately $5,804,393.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,431 shares of company stock worth $3,444,267. 3.26% of the stock is currently owned by company insiders.

Signet Jewelers Trading Down 1.9 %

Signet Jewelers stock traded down $1.97 during midday trading on Tuesday, reaching $103.76. 867,080 shares of the stock traded hands, compared to its average volume of 573,781. The company has a 50-day simple moving average of $100.46 and a two-hundred day simple moving average of $99.41. Signet Jewelers Limited has a 12-month low of $57.10 and a 12-month high of $112.06. The firm has a market cap of $4.62 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 1.17 and a beta of 2.12.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.40. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. Signet Jewelers’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the business posted $5.52 EPS. Equities research analysts anticipate that Signet Jewelers Limited will post 10.6 earnings per share for the current year.

Signet Jewelers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, April 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, April 25th. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s dividend payout ratio (DPR) is presently 7.74%.

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.