Signet Jewelers Limited (NYSE:SIG) Shares Bought by Xponance Inc.

Xponance Inc. lifted its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 12.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,149 shares of the company’s stock after purchasing an additional 343 shares during the quarter. Xponance Inc.’s holdings in Signet Jewelers were worth $254,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. William Blair Investment Management LLC increased its stake in shares of Signet Jewelers by 33.2% during the fourth quarter. William Blair Investment Management LLC now owns 309,129 shares of the company’s stock worth $24,950,000 after buying an additional 76,966 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of Signet Jewelers by 54.1% during the third quarter. Rockefeller Capital Management L.P. now owns 218,096 shares of the company’s stock worth $22,494,000 after purchasing an additional 76,597 shares in the last quarter. Nordea Investment Management AB increased its holdings in Signet Jewelers by 36.3% in the fourth quarter. Nordea Investment Management AB now owns 132,070 shares of the company’s stock valued at $10,704,000 after buying an additional 35,174 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Signet Jewelers by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 669,896 shares of the company’s stock valued at $69,093,000 after buying an additional 30,820 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in Signet Jewelers by 72.4% during the 3rd quarter. Citigroup Inc. now owns 56,758 shares of the company’s stock worth $5,854,000 after buying an additional 23,836 shares during the last quarter.

Signet Jewelers Price Performance

SIG stock opened at $58.84 on Friday. The business has a 50 day simple moving average of $54.46 and a 200-day simple moving average of $77.70. The company has a market capitalization of $2.56 billion, a P/E ratio of 6.77, a PEG ratio of 3.43 and a beta of 2.20. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $112.06. 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 (NYSE:SIG) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, topping analysts’ consensus estimates of $6.39 by $0.23. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the firm earned $6.73 EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.28 dividend on an annualized basis and a yield of 2.18%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.29. Signet Jewelers’s dividend payout ratio (DPR) is presently -168.42%.

Insider Activity at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction dated 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 in the company, valued at $1,231,565.76. This trade represents a 12.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SIG. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. UBS Group raised their price objective on shares of Signet Jewelers from $85.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Cfra Research upgraded shares of Signet Jewelers to a “moderate buy” rating in a report on Thursday, March 20th. Telsey Advisory Group reiterated a “market perform” rating and set a $55.00 price target on shares of Signet Jewelers in a research note on Wednesday, March 19th. Finally, Bank of America reduced their price target on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.60.

About Signet Jewelers

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.