Edgestream Partners L.P. Purchases New Shares in Signet Jewelers Limited (NYSE:SIG)

Edgestream Partners L.P. acquired a new position in Signet Jewelers Limited (NYSE:SIG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 52,018 shares of the company's stock, valued at approximately $3,020,000. Edgestream Partners L.P. owned approximately 0.12% of Signet Jewelers as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Allworth Financial LP grew its stake in shares of Signet Jewelers by 946.8% during the 1st quarter. Allworth Financial LP now owns 492 shares of the company's stock valued at $29,000 after purchasing an additional 445 shares during the period. Versant Capital Management Inc grew its stake in shares of Signet Jewelers by 40.5% during the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company's stock valued at $45,000 after purchasing an additional 223 shares during the period. Byrne Asset Management LLC bought a new stake in shares of Signet Jewelers during the 1st quarter valued at about $45,000. Sterling Capital Management LLC grew its stake in shares of Signet Jewelers by 832.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,362 shares of the company's stock valued at $110,000 after purchasing an additional 1,216 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Signet Jewelers by 32.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company's stock valued at $123,000 after purchasing an additional 410 shares during the period.

Insider Activity

In other news, Director Helen Mccluskey acquired 1,700 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were acquired at an average cost of $58.86 per share, with a total value of $100,062.00. Following the acquisition, the director directly owned 31,916 shares of the company's stock, valued at approximately $1,878,575.76. The trade was a 5.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

SIG has been the subject of a number of recent research reports. Telsey Advisory Group boosted their price target on Signet Jewelers from $62.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, June 3rd. Cfra Research raised Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. UBS Group lifted their price objective on Signet Jewelers from $84.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Citigroup lifted their price objective on Signet Jewelers from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. 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 report on Wednesday, June 4th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Signet Jewelers currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.14.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock traded up $1.01 on Friday, hitting $81.93. 705,768 shares of the company traded hands, compared to its average volume of 1,217,477. The stock has a market capitalization of $3.37 billion, a P/E ratio of 89.06, a price-to-earnings-growth ratio of 0.71 and a beta of 1.39. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $106.28. The business has a 50-day simple moving average of $75.21 and a 200 day simple moving average of $63.96.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.17. The firm had revenue of $1.54 billion for 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 company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 earnings per share. Research analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, July 25th. This represents a $1.28 annualized dividend and a dividend yield of 1.56%. Signet Jewelers's dividend payout ratio (DPR) is 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.