6,000 Shares in Signet Jewelers Limited (NYSE:SIG) Acquired by Shay Capital LLC

Shay Capital LLC bought a new position in Signet Jewelers Limited (NYSE:SIG) during the 4th quarter, Holdings Channel reports. The institutional investor bought 6,000 shares of the company’s stock, valued at approximately $484,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised 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 worth $57,000 after purchasing an additional 421 shares during the period. Sterling Capital Management LLC raised 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 worth $110,000 after purchasing an additional 1,216 shares during the period. CIBC Private Wealth Group LLC raised 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 worth $123,000 after purchasing an additional 410 shares during the period. KBC Group NV raised 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 worth $140,000 after purchasing an additional 447 shares during the period. Finally, Gallagher Fiduciary Advisors LLC raised its holdings in Signet Jewelers by 14.7% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 2,788 shares of the company’s stock worth $225,000 after purchasing an additional 358 shares during the period.

Insider Buying and Selling at Signet Jewelers

In related news, Director Helen Mccluskey purchased 1,700 shares of Signet Jewelers stock in a transaction on Friday, April 25th. The shares were bought at an average cost 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction 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 completion of the sale, the director now owns 22,752 shares in the company, valued at approximately $1,231,565.76. This represents a 12.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.26% of the stock is currently owned by insiders.

Signet Jewelers Stock Down 1.4%

SIG opened at $66.11 on Friday. 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 Limited has a fifty-two week low of $45.55 and a fifty-two week high of $112.06. The firm’s fifty day moving average is $58.05 and its 200 day moving average is $68.59. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 7.61, a price-to-earnings-growth ratio of 3.43 and a beta of 1.34.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.39 by $0.23. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $6.73 EPS. On average, sell-side analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be issued a $0.32 dividend. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Friday, April 25th. Signet Jewelers’s payout ratio is currently -168.42%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SIG shares. Cfra Research raised Signet Jewelers to a “moderate buy” rating in a report on Thursday, March 20th. Wells Fargo & Company raised their target price on Signet Jewelers from $60.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $55.00 target price on shares of Signet Jewelers in a report on Wednesday, March 19th. UBS Group lifted their target price on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Finally, CL King started coverage on shares of Signet Jewelers in a research note on Monday, May 5th. They set a “buy” rating and a $80.00 target price on the stock. 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $79.67.

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.