Signet Jewelers Limited (NYSE:SIG) is Cooper Creek Partners Management LLC's Largest Position

Cooper Creek Partners Management LLC increased its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 1,046.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,889,413 shares of the company's stock after acquiring an additional 1,724,592 shares during the quarter. Signet Jewelers makes up about 4.7% of Cooper Creek Partners Management LLC's portfolio, making the stock its largest position. Cooper Creek Partners Management LLC owned approximately 4.34% of Signet Jewelers worth $152,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Norges Bank acquired a new stake in Signet Jewelers in the 4th quarter valued at $40,989,000. American Century Companies Inc. increased its position in shares of Signet Jewelers by 18.9% during the fourth quarter. American Century Companies Inc. now owns 1,150,441 shares of the company's stock worth $92,852,000 after acquiring an additional 182,948 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Signet Jewelers by 33.2% in the 4th quarter. William Blair Investment Management LLC now owns 309,129 shares of the company's stock worth $24,950,000 after acquiring an additional 76,966 shares during the last quarter. Wells Fargo & Company MN lifted its position in Signet Jewelers by 224.2% in the 4th quarter. Wells Fargo & Company MN now owns 109,444 shares of the company's stock valued at $8,833,000 after acquiring an additional 75,688 shares in the last quarter. Finally, ExodusPoint Capital Management LP boosted its stake in Signet Jewelers by 463.6% during the 4th quarter. ExodusPoint Capital Management LP now owns 78,478 shares of the company's stock valued at $6,334,000 after purchasing an additional 64,554 shares during the last quarter.

Signet Jewelers Stock Performance

SIG traded up $0.43 during trading hours on Friday, hitting $55.34. The stock had a trading volume of 1,225,372 shares, compared to its average volume of 1,143,778. The stock has a market cap of $2.37 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 3.43 and a beta of 1.63. The company's fifty day simple moving average is $53.99 and its 200 day simple moving average is $73.70. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $112.06. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued 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. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the company earned $6.73 EPS. The firm's revenue was down 5.8% compared to the same quarter last year. Equities analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be issued a $0.32 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.28 annualized dividend and a dividend yield of 2.31%. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's dividend payout ratio is presently -168.42%.

Insider Buying and Selling

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the company'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 value of $180,415.29. Following the transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Kevin Symancyk bought 15,000 shares of the company's stock in a transaction on Monday, March 31st. The shares were bought at an average price of $57.45 per share, with a total value of $861,750.00. Following the completion of the transaction, the chief executive officer now owns 50,710 shares of the company's stock, valued at $2,913,289.50. The trade was a 42.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SIG shares. UBS Group raised their target price on Signet Jewelers from $85.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Cfra Research raised shares of Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. 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. Bank of America decreased 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. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $70.00 target price (down from $80.00) on shares of Signet Jewelers in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $79.60.

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.