Elevation Point Wealth Partners LLC Makes New $238,000 Investment in Signet Jewelers Limited (NYSE:SIG)

Elevation Point Wealth Partners LLC bought a new stake in Signet Jewelers Limited (NYSE:SIG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,102 shares of the company's stock, valued at approximately $238,000.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Signet Jewelers by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,550,233 shares of the company's stock valued at $205,830,000 after buying an additional 139,109 shares during the period. Cooper Creek Partners Management LLC boosted its position in shares of Signet Jewelers by 1,046.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company's stock valued at $152,495,000 after acquiring an additional 1,724,592 shares in the last quarter. Anomaly Capital Management LP boosted its position in shares of Signet Jewelers by 862.5% during the 4th quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company's stock valued at $142,253,000 after acquiring an additional 1,579,410 shares in the last quarter. American Century Companies Inc. increased its stake in Signet Jewelers by 18.9% in the fourth quarter. American Century Companies Inc. now owns 1,150,441 shares of the company's stock valued at $92,852,000 after acquiring an additional 182,948 shares during the period. Finally, Khrom Capital Management LLC raised its position in Signet Jewelers by 24.2% in the fourth quarter. Khrom Capital Management LLC now owns 1,149,682 shares of the company's stock worth $92,791,000 after purchasing an additional 224,339 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Bank of America upped their price objective on Signet Jewelers from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Citigroup boosted their price target on Signet Jewelers from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. CL King started coverage on Signet Jewelers in a research note on Monday, May 5th. They set a "buy" rating and a $80.00 price objective for the company. Cfra Research raised Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. Finally, Jefferies Financial Group began coverage on shares of Signet Jewelers in a report on Monday. They issued a "buy" rating and a $102.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Signet Jewelers has a consensus rating of "Moderate Buy" and an average price target of $87.14.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, Director Helen Mccluskey acquired 1,700 shares of Signet Jewelers stock in a transaction on Friday, April 25th. The shares were purchased at an average cost of $58.86 per share, with a total value of $100,062.00. Following the completion of the purchase, the director now owns 31,916 shares in the company, valued at $1,878,575.76. The trade was a 5.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James Kevin Symancyk purchased 15,000 shares of the stock in a transaction on Monday, March 31st. The stock was acquired at an average price of $57.45 per share, with a total value of $861,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 50,710 shares of the company's stock, valued at approximately $2,913,289.50. This represents a 42.01% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

Signet Jewelers Price Performance

Shares of SIG stock traded up $0.27 during trading hours on Friday, hitting $81.70. 461,620 shares of the company's stock were exchanged, compared to its average volume of 1,490,828. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $106.28. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 88.68, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. The stock's 50-day moving average is $66.17 and its 200-day moving average is $64.47.

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

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, July 25th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, July 25th. This represents a $1.28 annualized dividend and a dividend yield of 1.57%. Signet Jewelers's dividend payout ratio (DPR) is currently 139.13%.

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.