Gallagher Fiduciary Advisors LLC Boosts Stock Position in Signet Jewelers Limited (NYSE:SIG)

Gallagher Fiduciary Advisors LLC increased its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 14.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,788 shares of the company’s stock after buying an additional 358 shares during the quarter. Gallagher Fiduciary Advisors LLC’s holdings in Signet Jewelers were worth $225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of Signet Jewelers by 149.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock valued at $57,000 after acquiring an additional 421 shares during the last quarter. Sterling Capital Management LLC raised its stake in Signet Jewelers by 832.9% during the fourth 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 period. CIBC Private Wealth Group LLC boosted 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 purchasing an additional 410 shares during the last quarter. KBC Group NV increased its holdings in shares of Signet Jewelers by 34.6% during the 4th quarter. KBC Group NV now owns 1,740 shares of the company’s stock worth $140,000 after buying an additional 447 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Signet Jewelers during the 3rd quarter worth approximately $210,000.

Analyst Ratings Changes

A number of research analysts recently commented on SIG shares. Cfra Research upgraded Signet Jewelers to a “moderate buy” rating in a research report on Thursday, March 20th. 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. UBS Group boosted their price objective on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Wells Fargo & Company lowered their target price on shares of Signet Jewelers from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $55.00 price target on shares of Signet Jewelers in a research note on Wednesday, March 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $77.60.

Insiders Place Their Bets

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction of $180,415.29. Following the completion of the sale, the director now directly owns 22,752 shares of the company’s stock, valued at $1,231,565.76. The trade was a 12.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Helen Mccluskey acquired 1,700 shares of the company’s stock in a transaction dated Friday, April 25th. The stock was acquired at an average price of $58.86 per share, for a total transaction of $100,062.00. Following the acquisition, the director now owns 31,916 shares in the company, valued at approximately $1,878,575.76. The trade was 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 Trading Up 2.4 %

NYSE SIG opened at $61.29 on Friday. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $112.06. The firm has a 50 day simple moving average of $54.96 and a 200-day simple moving average of $70.51. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 3.43 and a beta of 1.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55.

Signet Jewelers (NYSE:SIG) last released its earnings results on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, topping the consensus estimate of $6.39 by $0.23. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. Signet Jewelers’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $6.73 EPS. Equities research analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors 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 dividend on an annualized basis and a yield of 2.09%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.29. Signet Jewelers’s payout ratio is currently -168.42%.

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.