Nisa Investment Advisors LLC Purchases 344 Shares of Signet Jewelers Limited (NYSE:SIG)

Nisa Investment Advisors LLC raised its position in Signet Jewelers Limited (NYSE:SIG) by 3.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,784 shares of the company’s stock after buying an additional 344 shares during the period. Nisa Investment Advisors LLC’s holdings in Signet Jewelers were worth $626,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in Signet Jewelers by 40.5% during the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company’s stock worth $45,000 after acquiring an additional 223 shares during the period. Byrne Asset Management LLC bought a new position in shares of Signet Jewelers in the 1st quarter worth $45,000. Sterling Capital Management LLC boosted its position in shares of Signet Jewelers by 832.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,362 shares of the company’s stock worth $110,000 after purchasing an additional 1,216 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Signet Jewelers by 32.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company’s stock worth $123,000 after purchasing an additional 410 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Signet Jewelers by 971.4% in the 1st quarter. GAMMA Investing LLC now owns 2,507 shares of the company’s stock worth $146,000 after purchasing an additional 2,273 shares during the last quarter.

Insider Activity

In other news, Director Helen Mccluskey purchased 1,700 shares of the company’s stock in a transaction on Friday, April 25th. The shares were purchased at an average price of $58.86 per share, with a total value of $100,062.00. Following the purchase, the director directly owned 31,916 shares of the company’s stock, valued at $1,878,575.76. This trade represents a 5.63% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. CL King assumed coverage on Signet Jewelers in a research report on Monday, May 5th. They issued a “buy” rating and a $80.00 price target on the stock. Bank of America raised their price target on Signet Jewelers from $65.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. Wall Street Zen lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Sunday. Citigroup raised their price target on Signet Jewelers from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Finally, Cfra Research upgraded Signet Jewelers to a “moderate buy” rating in a report on Thursday, March 20th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.14.

Signet Jewelers Trading Down 2.6%

SIG stock opened at $78.94 on Wednesday. The business’s 50-day moving average price is $74.57 and its two-hundred day moving average price is $63.85. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $106.28. The firm has a market cap of $3.25 billion, a PE ratio of 85.81, a P/E/G ratio of 0.73 and a beta of 1.39.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.17. Signet Jewelers had a return on equity of 22.41% and a net margin of 0.63%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the business posted $1.11 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, July 25th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, July 25th. Signet Jewelers’s dividend payout ratio is 139.13%.

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.