Cwm LLC Grows Stock Position in Signet Jewelers Limited (NYSE:SIG)

CWM LLC lifted its holdings in Signet Jewelers Limited (NYSE:SIG - Free Report) by 748.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,841 shares of the company's stock after purchasing an additional 6,035 shares during the quarter. CWM LLC's holdings in Signet Jewelers were worth $397,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SIG. Cooper Creek Partners Management LLC boosted its position in shares of Signet Jewelers by 1,046.3% in the 4th quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company's stock worth $152,495,000 after purchasing 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% in the 4th quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company's stock worth $142,253,000 after purchasing an additional 1,579,410 shares in the last quarter. Norges Bank acquired a new stake in shares of Signet Jewelers in the 4th quarter worth $40,989,000. Schonfeld Strategic Advisors LLC boosted its position in shares of Signet Jewelers by 2,648.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 304,021 shares of the company's stock worth $24,538,000 after purchasing an additional 292,961 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Signet Jewelers by 37.4% in the 4th quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company's stock worth $85,155,000 after purchasing an additional 286,974 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. UBS Group raised their target price on Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Jefferies Financial Group assumed coverage on Signet Jewelers in a research note on Monday, June 16th. They set a "buy" rating and a $102.00 price objective for the company. CL King assumed 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. Finally, Wells Fargo & Company lifted their price objective on Signet Jewelers from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $88.86.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock traded up $0.59 on Friday, hitting $84.51. The company's stock had a trading volume of 489,825 shares, compared to its average volume of 940,545. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $106.28. The firm has a fifty day moving average price of $77.31 and a 200-day moving average price of $64.20. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 91.86, a price-to-earnings-growth ratio of 0.76 and a beta of 1.39.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings data 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. Signet Jewelers had a return on equity of 22.41% and a net margin of 0.63%. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the previous year, the firm posted $1.11 EPS. Signet Jewelers's revenue was up 2.0% compared to the same quarter last year. As a group, analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The business 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 1.51%. The ex-dividend date of this dividend is Friday, July 25th. Signet Jewelers's dividend payout ratio 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.