Exchange Traded Concepts LLC Makes New Investment in Signet Jewelers Limited (NYSE:SIG)

Exchange Traded Concepts LLC purchased a new stake in Signet Jewelers Limited (NYSE:SIG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,301 shares of the company's stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SIG. Smartleaf Asset Management LLC grew its stake in shares of Signet Jewelers by 149.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company's stock valued at $57,000 after buying an additional 421 shares during the period. Versant Capital Management Inc grew its position in Signet Jewelers by 40.5% during the first 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 stake in Signet Jewelers during the first quarter worth about $45,000. Sterling Capital Management LLC raised 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 worth $110,000 after purchasing an additional 1,216 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake 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 purchasing an additional 410 shares in the last quarter.

Signet Jewelers Price Performance

SIG traded up $2.40 during trading hours on Thursday, reaching $81.98. 1,002,248 shares of the stock traded hands, compared to its average volume of 1,203,029. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $106.28. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 89.11, a PEG ratio of 0.72 and a beta of 1.36. The firm's fifty day simple moving average is $68.58 and its two-hundred day simple moving average is $64.05.

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 for the quarter, beating analysts' consensus estimates of $1.01 by $0.17. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the prior year, the company posted $1.11 EPS. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts predict 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. Shareholders of record on Friday, July 25th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, July 25th. This represents a $1.28 annualized dividend and a yield of 1.56%. Signet Jewelers's dividend payout ratio is presently 139.13%.

Insider Buying and Selling at Signet Jewelers

In related news, CEO James Kevin Symancyk purchased 15,000 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of $57.45 per share, with a total value of $861,750.00. Following the completion of the transaction, the chief executive officer now owns 50,710 shares of the company's stock, valued at $2,913,289.50. This represents a 42.01% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Helen Mccluskey acquired 1,700 shares of Signet Jewelers stock in a transaction on Friday, April 25th. The shares were bought at an average price of $58.86 per share, for a total transaction of $100,062.00. Following the completion of the purchase, the director now directly owns 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 disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SIG shares. CL King began coverage on Signet Jewelers in a report on Monday, May 5th. They set a "buy" rating and a $80.00 target price for the company. Citigroup increased their price objective on shares of Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Bank of America raised their target price 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. Cfra Research raised shares of Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. Finally, UBS Group raised 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $87.14.

About Signet Jewelers

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.