MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 17,538 Shares of Signet Jewelers Limited (NYSE:SIG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its position in Signet Jewelers Limited (NYSE:SIG) by 42.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,066 shares of the company’s stock after selling 17,538 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Signet Jewelers were worth $1,942,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Signet Jewelers by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock valued at $57,000 after buying an additional 421 shares during the period. Sterling Capital Management LLC increased its holdings in Signet Jewelers by 832.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,362 shares of the company’s stock valued at $110,000 after buying an additional 1,216 shares during the period. CIBC Private Wealth Group LLC increased its holdings in Signet Jewelers by 32.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company’s stock valued at $123,000 after buying an additional 410 shares during the period. KBC Group NV increased its holdings in Signet Jewelers by 34.6% in the 4th 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 period. Finally, Gallagher Fiduciary Advisors LLC grew its holdings in shares of Signet Jewelers by 14.7% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 2,788 shares of the company’s stock valued at $225,000 after purchasing an additional 358 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $55.00 price target on shares of Signet Jewelers in a report on Wednesday, March 19th. Cfra Research upgraded shares of Signet Jewelers to a “moderate buy” rating in a research report on Thursday, March 20th. UBS Group lifted their target price on shares of Signet Jewelers from $85.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. CL King initiated coverage on shares of Signet Jewelers in a research report on Monday, May 5th. They set a “buy” rating and a $80.00 target price on the stock. Finally, Wells Fargo & Company lifted their target price on shares of Signet Jewelers from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $79.67.

Signet Jewelers Stock Performance

NYSE:SIG opened at $64.29 on Friday. The company has a fifty day moving average of $59.32 and a 200-day moving average of $67.81. The firm has a market capitalization of $2.76 billion, a P/E ratio of 7.40, a P/E/G ratio of 3.43 and a beta of 1.34. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $112.06.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, beating the consensus estimate of $6.39 by $0.23. The company had revenue of $2.35 billion during 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%. Signet Jewelers’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.73 EPS. As a group, sell-side analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The business 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 $0.32 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.28 annualized dividend and a dividend yield of 1.99%. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.29. Signet Jewelers’s payout ratio is currently -168.42%.

Insider Activity

In other Signet Jewelers news, CEO James Kevin Symancyk purchased 15,000 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was acquired at an average price of $57.45 per share, for a total transaction of $861,750.00. Following the purchase, the chief executive officer now owns 50,710 shares of the company’s stock, valued at $2,913,289.50. This trade represents a 42.01% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Helen Mccluskey purchased 1,700 shares of the firm’s stock in a transaction on Friday, April 25th. The shares were acquired at an average price of $58.86 per share, with a total value of $100,062.00. Following the purchase, the director now directly owns 31,916 shares in the company, valued at $1,878,575.76. This represents a 5.63% increase in their position. The disclosure for this purchase can be found here. 3.26% of the stock is currently owned by company insiders.

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.