Swiss National Bank Sells 400 Shares of Signet Jewelers Limited (NYSE:SIG)

Swiss National Bank decreased its holdings in Signet Jewelers Limited (NYSE:SIG) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,700 shares of the company’s stock after selling 400 shares during the period. Swiss National Bank owned about 0.20% of Signet Jewelers worth $6,998,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in shares of Signet Jewelers by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock worth $57,000 after acquiring an additional 421 shares in the last quarter. Erste Asset Management GmbH bought a new position in Signet Jewelers in the third quarter worth about $77,000. KBC Group NV lifted its position in shares of Signet Jewelers by 34.6% during the fourth quarter. KBC Group NV now owns 1,740 shares of the company’s stock valued at $140,000 after buying an additional 447 shares during the last quarter. Raymond James Trust N.A. bought a new stake in shares of Signet Jewelers in the 3rd quarter valued at about $207,000. Finally, Virtu Financial LLC purchased a new position in shares of Signet Jewelers in the 3rd quarter worth approximately $210,000.

Signet Jewelers Stock Performance

Shares of NYSE SIG opened at $58.46 on Friday. The company has a 50 day simple moving average of $54.52 and a two-hundred day simple moving average of $78.31. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 3.43 and a beta of 2.20. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, beating the consensus estimate of $6.39 by $0.23. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm’s revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $6.73 earnings per share. As a group, analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be paid a dividend of $0.32 per share. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.19%. Signet Jewelers’s dividend payout ratio (DPR) is presently -168.42%.

Analyst Ratings Changes

SIG has been the subject of a number of analyst reports. UBS Group increased their target price on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $55.00 target price on shares of Signet Jewelers in a research report on Wednesday. Bank of America lowered their price target on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company dropped their target price on shares of Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.60.

Insider Activity

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction on Friday, February 21st. The shares were sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of the transaction, the director now owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. The trade was a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.26% of the company’s stock.

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.