Edgestream Partners L.P. Invests $3.02 Million in Signet Jewelers Limited (NYSE:SIG)

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

Other hedge funds have also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of Signet Jewelers by 748.8% during the 1st quarter. CWM LLC now owns 6,841 shares of the company's stock worth $397,000 after buying an additional 6,035 shares during the last quarter. Caas Capital Management LP purchased a new stake in Signet Jewelers during the first quarter worth approximately $881,000. Cerity Partners LLC increased its holdings in Signet Jewelers by 7.2% in the 1st quarter. Cerity Partners LLC now owns 11,357 shares of the company's stock valued at $659,000 after purchasing an additional 766 shares in the last quarter. Allworth Financial LP grew its stake in shares of Signet Jewelers by 946.8% in the first quarter. Allworth Financial LP now owns 492 shares of the company's stock valued at $29,000 after buying an additional 445 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Signet Jewelers by 3.3% in the first quarter. Nisa Investment Advisors LLC now owns 10,784 shares of the company's stock valued at $626,000 after acquiring an additional 344 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SIG. Bank of America boosted their target price on shares of Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Citigroup upped their price objective on Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wall Street Zen downgraded shares of Signet Jewelers from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. CL King began coverage on shares of Signet Jewelers in a research report on Monday, May 5th. They issued a "buy" rating and a $80.00 price objective on the stock. Finally, UBS Group upped their target price on shares of Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a research report 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 company's stock. According to MarketBeat.com, Signet Jewelers currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.14.

Signet Jewelers Price Performance

Shares of SIG stock traded up $1.01 during trading on Friday, reaching $81.93. The company had a trading volume of 705,768 shares, compared to its average volume of 1,220,220. The firm's 50 day simple moving average is $75.57 and its two-hundred day simple moving average is $63.85. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $106.28. The company has a market capitalization of $3.37 billion, a PE ratio of 89.06, a PEG ratio of 0.74 and a beta of 1.39.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.17. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. Signet Jewelers had a return on equity of 22.41% and a net margin of 0.63%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.11 EPS. Analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 25th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, July 25th. Signet Jewelers's dividend payout ratio (DPR) is currently 139.13%.

Insider Activity

In other 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 price of $58.86 per share, with a total value of $100,062.00. Following the acquisition, the director owned 31,916 shares in the company, valued at $1,878,575.76. This represents a 5.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company's stock.

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.