Xponance Inc. Takes $292,000 Position in Signet Jewelers Limited (NYSE:SIG)

Xponance Inc. purchased a new stake in Signet Jewelers Limited (NYSE:SIG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,727 shares of the company’s stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SIG. Channel Wealth LLC bought a new stake in shares of Signet Jewelers in the fourth quarter valued at approximately $215,000. Laidlaw Wealth Management LLC bought a new stake in shares of Signet Jewelers in the third quarter valued at approximately $216,000. Simon Quick Advisors LLC bought a new stake in shares of Signet Jewelers in the third quarter valued at approximately $227,000. GW Henssler & Associates Ltd. bought a new stake in shares of Signet Jewelers in the third quarter valued at approximately $234,000. Finally, Pathstone Family Office LLC bought a new stake in shares of Signet Jewelers in the third quarter valued at approximately $242,000.

Insiders Place Their Bets

In other news, Director H. Todd Stitzer sold 10,000 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $100.09, for a total value of $1,000,900.00. Following the completion of the sale, the director now owns 41,678 shares of the company’s stock, valued at approximately $4,171,551.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Oded Edelman sold 7,911 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $105.36, for a total value of $833,502.96. Following the completion of the sale, the insider now owns 33,378 shares of the company’s stock, valued at approximately $3,516,706.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director H. Todd Stitzer sold 10,000 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $100.09, for a total transaction of $1,000,900.00. Following the completion of the sale, the director now directly owns 41,678 shares of the company’s stock, valued at approximately $4,171,551.02. The disclosure for this sale can be found here. Insiders sold a total of 47,254 shares of company stock valued at $4,669,294 in the last quarter. Corporate insiders own 4.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on SIG. Bank of America decreased their target price on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. UBS Group upped their target price on shares of Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Telsey Advisory Group upped their target price on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, April 4th. Finally, StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Saturday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $120.20.

Signet Jewelers Price Performance

SIG stock opened at $101.80 on Friday. Signet Jewelers Limited has a one year low of $57.10 and a one year high of $109.17. The stock has a market cap of $4.51 billion, a PE ratio of 6.79, a P/E/G ratio of 1.20 and a beta of 2.13. The firm has a 50 day simple moving average of $99.57 and a two-hundred day simple moving average of $93.39.

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

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 26th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s payout ratio is currently 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.