Captrust Financial Advisors Boosts Stake in Signet Jewelers Limited (NYSE:SIG)

Captrust Financial Advisors raised its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 427.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,632 shares of the company's stock after buying an additional 13,480 shares during the period. Captrust Financial Advisors' holdings in Signet Jewelers were worth $1,342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Grace & White Inc. NY increased its stake in Signet Jewelers by 6.1% during the 4th quarter. Grace & White Inc. NY now owns 207,262 shares of the company's stock worth $16,728,000 after buying an additional 11,900 shares during the period. Illinois Municipal Retirement Fund increased its position in shares of Signet Jewelers by 22.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 61,568 shares of the company's stock worth $4,969,000 after acquiring an additional 11,218 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Signet Jewelers during the fourth quarter worth $2,418,000. Norges Bank purchased a new stake in shares of Signet Jewelers during the fourth quarter worth $40,989,000. Finally, Van ECK Associates Corp boosted its holdings in Signet Jewelers by 30.5% in the fourth quarter. Van ECK Associates Corp now owns 36,655 shares of the company's stock valued at $2,958,000 after purchasing an additional 8,574 shares during the period.

Analysts Set New Price Targets

SIG has been the topic of several recent research reports. Telsey Advisory Group restated a "market perform" rating and set a $55.00 price target on shares of Signet Jewelers in a report on Wednesday, March 19th. 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. Cfra Research upgraded shares of Signet Jewelers to a "moderate buy" rating in a research note on Thursday, March 20th. UBS Group lifted their price target on shares of Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Finally, Bank of America dropped their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $79.67.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, Director Helen Mccluskey purchased 1,700 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was purchased at an average price of $58.86 per share, for a total transaction of $100,062.00. Following the purchase, the director now directly owns 31,916 shares in the company, valued at approximately $1,878,575.76. This trade represents a 5.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Kevin Symancyk acquired 15,000 shares of the company'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 completion of 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 disclosure for this purchase can be found here. Insiders own 3.26% of the company's stock.

Signet Jewelers Trading Down 1.4%

SIG opened at $66.92 on Thursday. The business's 50-day simple moving average is $57.31 and its 200-day simple moving average is $68.96. The company has a market cap of $2.87 billion, a P/E ratio of 7.70, a PEG ratio of 3.43 and a beta of 1.34. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $112.06. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, beating the consensus estimate of $6.39 by $0.23. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the prior year, the firm posted $6.73 earnings per share. The firm's revenue was down 5.8% on a year-over-year basis. As a group, equities research analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, April 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.91%. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's payout ratio is -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.

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