35,897 Shares in Signet Jewelers Limited (NYSE:SIG) Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 35,897 shares of the company's stock, valued at approximately $2,112,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of Signet Jewelers as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in Signet Jewelers by 40.5% in the first quarter. Versant Capital Management Inc now owns 773 shares of the company's stock worth $45,000 after acquiring an additional 223 shares during the period. Byrne Asset Management LLC bought a new stake in shares of Signet Jewelers in the 1st quarter valued at about $45,000. Smartleaf Asset Management LLC raised its holdings in shares of Signet Jewelers by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company's stock valued at $57,000 after purchasing an additional 421 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of 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. Finally, CIBC Private Wealth Group LLC lifted its position in shares of 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.

Wall Street Analyst Weigh In

SIG has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Cfra Research upgraded Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. Citigroup boosted their price target on Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Bank of America upped their price objective on Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Finally, Telsey Advisory Group lifted their target price on Signet Jewelers from $62.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, June 3rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Signet Jewelers presently has an average rating of "Moderate Buy" and a consensus price target of $87.14.

Signet Jewelers Trading Up 0.0%

Shares of SIG traded up $0.04 during midday trading on Friday, hitting $84.00. 511,839 shares of the company's stock traded hands, compared to its average volume of 1,211,226. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 91.31, a price-to-earnings-growth ratio of 0.76 and a beta of 1.39. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $106.28. The firm's fifty day moving average is $71.26 and its 200-day moving average is $63.98.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.17. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a return on equity of 22.41% and a net margin of 0.63%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 EPS. On average, equities research analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, July 25th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, July 25th. Signet Jewelers's dividend payout ratio is presently 139.13%.

Insider Transactions at Signet Jewelers

In related news, Director Helen Mccluskey purchased 1,700 shares of the firm's stock in a transaction on Friday, April 25th. The stock was acquired at an average price of $58.86 per share, with a total value of $100,062.00. Following the completion of the acquisition, the director owned 31,916 shares in the company, valued at approximately $1,878,575.76. This represents a 5.63% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.00% of the company's stock.

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.