Signet Jewelers Limited (NYSE:SIG) Shares Purchased by Brown Advisory Inc.

Brown Advisory Inc. grew its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 35.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 846,927 shares of the company's stock after purchasing an additional 220,610 shares during the quarter. Brown Advisory Inc. owned approximately 1.97% of Signet Jewelers worth $49,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC increased 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 acquiring an additional 421 shares during the period. Versant Capital Management Inc increased its holdings in shares of Signet Jewelers by 40.5% in the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company's stock valued at $45,000 after acquiring an additional 223 shares during the period. Byrne Asset Management LLC acquired a new position in shares of Signet Jewelers in the 1st quarter valued at $45,000. Sterling Capital Management LLC increased its holdings 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 valued at $110,000 after acquiring an additional 1,216 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings 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 valued at $123,000 after acquiring an additional 410 shares during the period.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, Director Helen Mccluskey acquired 1,700 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average cost of $58.86 per share, for a total transaction of $100,062.00. Following the transaction, the director directly owned 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 legal filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SIG. Citigroup boosted their price objective on shares of 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 began coverage on shares of Signet Jewelers in a research note on Monday, May 5th. They issued a "buy" rating and a $80.00 price objective on the stock. Jefferies Financial Group began coverage on shares of Signet Jewelers in a research note on Monday, June 16th. They issued a "buy" rating and a $102.00 price objective on the stock. Wall Street Zen raised shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Finally, Bank of America boosted their price objective on shares of Signet Jewelers from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $87.14.

Signet Jewelers Price Performance

Shares of NYSE SIG traded down $1.16 during trading on Friday, hitting $79.57. 1,204,765 shares of the company were exchanged, compared to its average volume of 1,221,382. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 86.49, a PEG ratio of 0.72 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 price is $73.81 and its 200 day moving average price is $63.88.

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

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 25th will be given 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 1.61%. Signet Jewelers's dividend payout ratio is presently 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.