4,102 Shares in Signet Jewelers Limited (NYSE:SIG) Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC bought a new position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,102 shares of the company's stock, valued at approximately $238,000.

Other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in shares of Signet Jewelers by 30.5% during the fourth quarter. Van ECK Associates Corp now owns 36,655 shares of the company's stock worth $2,958,000 after purchasing an additional 8,574 shares during the period. Rhumbline Advisers raised its position in shares of Signet Jewelers by 3.8% during the fourth quarter. Rhumbline Advisers now owns 133,033 shares of the company's stock worth $10,737,000 after purchasing an additional 4,853 shares during the period. Principal Financial Group Inc. raised its position in shares of Signet Jewelers by 1.6% during the fourth quarter. Principal Financial Group Inc. now owns 213,535 shares of the company's stock worth $17,234,000 after purchasing an additional 3,377 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of Signet Jewelers during the fourth quarter worth $351,000. Finally, Bank of New York Mellon Corp raised its position in shares of Signet Jewelers by 2.0% during the fourth quarter. Bank of New York Mellon Corp now owns 338,247 shares of the company's stock worth $27,300,000 after purchasing an additional 6,542 shares during the period.

Insider Activity at Signet Jewelers

In other news, Director Helen Mccluskey bought 1,700 shares of the stock in a transaction dated Friday, April 25th. The stock was bought at an average cost of $58.86 per share, with a total value of $100,062.00. Following the purchase, the director now owns 31,916 shares of the company's stock, valued at approximately $1,878,575.76. This represents a 5.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James Kevin Symancyk bought 15,000 shares of the stock in a transaction dated Monday, March 31st. The stock was purchased at an average cost of $57.45 per share, with a total value of $861,750.00. Following the completion of the purchase, the chief executive officer now directly owns 50,710 shares in the company, valued at approximately $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 1.00% of the company's stock.

Signet Jewelers Trading Up 8.2%

Signet Jewelers stock opened at $82.74 on Tuesday. The business has a 50 day moving average price of $64.82 and a two-hundred day moving average price of $64.36. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 3.43 and a beta of 1.36. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $106.28.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.17. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the prior year, the firm posted $1.11 EPS. Signet Jewelers's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 25th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, July 25th. This represents a $1.28 dividend on an annualized basis and a yield of 1.55%. Signet Jewelers's dividend payout ratio is 139.13%.

Analyst Ratings Changes

Several research analysts recently weighed in on SIG shares. UBS Group upped their price target on Signet Jewelers from $84.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wells Fargo & Company upped their price target on Signet Jewelers from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Jefferies Financial Group assumed coverage on Signet Jewelers in a research report on Monday. They set a "buy" rating and a $102.00 price target on the stock. Cfra Research raised Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. Finally, Telsey Advisory Group upped their target price on Signet Jewelers from $62.00 to $80.00 and gave the stock a "market perform" rating in a research report on Tuesday, June 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $87.14.

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.

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