Yousif Capital Management LLC Sells 556 Shares of Signet Jewelers Limited (NYSE:SIG)

Yousif Capital Management LLC decreased its holdings in Signet Jewelers Limited (NYSE:SIG) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,746 shares of the company’s stock after selling 556 shares during the quarter. Yousif Capital Management LLC’s holdings in Signet Jewelers were worth $1,352,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ritholtz Wealth Management lifted its holdings in Signet Jewelers by 4.9% during the third quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock valued at $254,000 after purchasing an additional 115 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Signet Jewelers by 3.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 6,517 shares of the company’s stock worth $526,000 after buying an additional 205 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Signet Jewelers in the third quarter worth $25,000. Cetera Investment Advisers lifted its holdings in shares of Signet Jewelers by 2.2% in the second quarter. Cetera Investment Advisers now owns 11,793 shares of the company’s stock worth $1,056,000 after buying an additional 257 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Signet Jewelers by 25.5% in the third quarter. KBC Group NV now owns 1,293 shares of the company’s stock worth $133,000 after buying an additional 263 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SIG. Bank of America lowered their target price on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Wells Fargo & Company cut their price objective on shares of Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Finally, Telsey Advisory Group cut their price target on shares of Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.20.

Signet Jewelers Stock Down 0.8 %

NYSE:SIG opened at $54.46 on Thursday. Signet Jewelers Limited has a 1-year low of $52.09 and a 1-year high of $112.06. The company has a 50-day moving average of $70.66 and a 200 day moving average of $83.56. The firm has a market cap of $2.37 billion, a PE ratio of 6.27, a price-to-earnings-growth ratio of 3.47 and a beta of 2.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the company posted $0.24 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, research analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be issued a $0.29 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.16 annualized dividend and a yield of 2.13%. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.35%.

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.