Signet Jewelers Limited (NYSE:SIG) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of Signet Jewelers Limited (NYSE:SIG) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,033 shares of the company’s stock after acquiring an additional 4,853 shares during the period. Rhumbline Advisers’ holdings in Signet Jewelers were worth $10,737,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new position in shares of Signet Jewelers during the 3rd quarter valued at about $25,000. Erste Asset Management GmbH acquired a new position in Signet Jewelers in the third quarter worth approximately $77,000. KBC Group NV increased 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 valued at $133,000 after buying an additional 263 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Signet Jewelers during the 3rd quarter valued at $207,000. Finally, Virtu Financial LLC acquired a new stake in shares of Signet Jewelers during the 3rd quarter valued at $210,000.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Telsey Advisory Group decreased their target price on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, January 15th. Bank of America reduced their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company reduced their price target on shares of Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.20.

Insider Activity

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $54.13, for a total transaction of $180,415.29. Following the transaction, the director now owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. This trade represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.26% of the stock is owned by corporate insiders.

Signet Jewelers Price Performance

Shares of SIG opened at $52.60 on Monday. The business’s 50-day moving average is $66.15 and its 200-day moving average is $82.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 6.05, a P/E/G ratio of 3.43 and a beta of 2.11. Signet Jewelers Limited has a fifty-two week low of $52.09 and a fifty-two week high of $112.06.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.24 earnings per share 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 company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the company posted $0.24 EPS. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities research analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 24th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Friday, January 24th. 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.