Bank of New York Mellon Corp Decreases Stock Position in Signet Jewelers Limited (NYSE:SIG)

Bank of New York Mellon Corp reduced its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 4.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 321,945 shares of the company's stock after selling 16,302 shares during the period. Bank of New York Mellon Corp owned 0.75% of Signet Jewelers worth $18,692,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SIG. Magnetar Financial LLC purchased a new position in shares of Signet Jewelers in the 4th quarter worth about $2,418,000. Norges Bank purchased a new position in Signet Jewelers in the fourth quarter worth about $40,989,000. Bryce Point Capital LLC purchased a new position in Signet Jewelers in the fourth quarter worth about $1,530,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Signet Jewelers in the first quarter worth about $2,112,000. Finally, Anomaly Capital Management LP raised its holdings in Signet Jewelers by 862.5% in the fourth quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company's stock worth $142,253,000 after buying an additional 1,579,410 shares during the last quarter.

Signet Jewelers Trading Up 1.2%

Shares of SIG traded up $1.01 during midday trading on Friday, hitting $81.93. 705,768 shares of the company's stock traded hands, compared to its average volume of 1,220,220. 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 $75.57 and its 200-day moving average is $63.96. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 89.06, a price-to-earnings-growth ratio of 0.74 and a beta of 1.39.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly 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. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $1.11 earnings per share. On average, equities research analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current 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 issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, July 25th. Signet Jewelers's dividend payout ratio (DPR) is 139.13%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SIG. Wall Street Zen cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. CL King began coverage on Signet Jewelers in a research note on Monday, May 5th. They issued a "buy" rating and a $80.00 price objective for the company. Telsey Advisory Group upped their price target 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. Jefferies Financial Group initiated coverage on Signet Jewelers in a research report on Monday, June 16th. They issued a "buy" rating and a $102.00 price target for the company. Finally, UBS Group increased their target price on shares of Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Signet Jewelers currently has a consensus rating of "Moderate Buy" and an average price target of $87.14.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, Director Helen Mccluskey purchased 1,700 shares of the business'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 directly owned 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

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.