Caas Capital Management LP Acquires Shares of 15,175 Signet Jewelers Limited (NYSE:SIG)

Caas Capital Management LP acquired a new stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,175 shares of the company's stock, valued at approximately $881,000.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in Signet Jewelers by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 676,289 shares of the company's stock worth $54,583,000 after purchasing an additional 6,393 shares in the last quarter. Victory Capital Management Inc. raised its position in Signet Jewelers by 48.2% in the fourth quarter. Victory Capital Management Inc. now owns 48,341 shares of the company's stock worth $3,902,000 after purchasing an additional 15,726 shares in the last quarter. Atria Investments Inc raised its position in Signet Jewelers by 14.5% in the fourth quarter. Atria Investments Inc now owns 2,815 shares of the company's stock worth $227,000 after purchasing an additional 356 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Signet Jewelers in the fourth quarter worth about $306,000. Finally, Amundi raised its position in Signet Jewelers by 177.7% in the fourth quarter. Amundi now owns 22,230 shares of the company's stock worth $1,656,000 after purchasing an additional 14,224 shares in the last quarter.

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 owned 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. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SIG shares. Citigroup raised their price objective on shares of Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen raised shares of Signet Jewelers from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Jefferies Financial Group started coverage on shares of Signet Jewelers in a report on Monday, June 16th. They set a "buy" rating and a $102.00 price objective for the company. Cfra Research raised shares of Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. Finally, Wells Fargo & Company raised their price objective on shares of Signet Jewelers from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $87.14.

Signet Jewelers Trading Down 1.4%

Shares of SIG traded down $1.16 during mid-day trading on Friday, hitting $79.57. 1,204,765 shares of the company traded hands, compared to its average volume of 1,219,996. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $106.28. The business has a 50-day moving average of $73.81 and a 200 day moving average of $64.00. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 86.49, a PEG ratio of 0.73 and a beta of 1.39.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $1.18 EPS for the quarter, beating 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 analysts' expectations of $1.52 billion. During the same period in the prior year, the firm earned $1.11 earnings per share. Signet Jewelers's revenue was up 2.0% compared to the same quarter last year. As a group, analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, July 25th will be paid a $0.32 dividend. The ex-dividend date is Friday, July 25th. This represents a $1.28 dividend on an annualized basis and a yield of 1.61%. Signet Jewelers's payout ratio is presently 139.13%.

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.