Exchange Traded Concepts LLC Invests $250,000 in Signet Jewelers Limited (NYSE:SIG)

Exchange Traded Concepts LLC purchased a new position in shares of 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 firm purchased 4,301 shares of the company's stock, valued at approximately $250,000.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc increased 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 worth $45,000 after purchasing an additional 223 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in shares of Signet Jewelers during the 1st quarter worth approximately $45,000. Smartleaf Asset Management LLC increased 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 worth $57,000 after purchasing an additional 421 shares during the last quarter. Sterling Capital Management LLC increased 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 worth $110,000 after purchasing an additional 1,216 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased 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 worth $123,000 after purchasing an additional 410 shares during the last quarter.

Insider Buying and Selling at Signet Jewelers

In related news, Director Helen Mccluskey acquired 1,700 shares of the company's stock in a transaction dated Friday, April 25th. The stock was bought at an average cost of $58.86 per share, with a total value of $100,062.00. Following the acquisition, the director now owns 31,916 shares of the company's stock, valued at approximately $1,878,575.76. The trade was a 5.63% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Kevin Symancyk acquired 15,000 shares of the company's stock in a transaction dated Monday, March 31st. The shares were bought at an average cost of $57.45 per share, with a total value of $861,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 50,710 shares in the company, valued at $2,913,289.50. The trade was a 42.01% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.00% of the company's stock.

Signet Jewelers Price Performance

Shares of NYSE:SIG opened at $81.68 on Monday. The firm has a fifty day moving average price of $66.64 and a two-hundred day moving average price of $63.95. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $106.28. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 88.78, a PEG ratio of 0.74 and a beta of 1.36.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced 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 firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the firm earned $1.11 EPS. The business's quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, July 25th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Friday, July 25th. Signet Jewelers's payout ratio is 139.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SIG shares. Jefferies Financial Group started coverage on shares of Signet Jewelers in a research note on Monday, June 16th. They set a "buy" rating and a $102.00 price target for the company. Citigroup lifted their price objective on shares of Signet Jewelers from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Cfra Research upgraded shares of Signet Jewelers to a "moderate buy" rating in a research note on Thursday, March 20th. CL King began coverage on shares of Signet Jewelers in a research note on Monday, May 5th. They issued a "buy" rating and a $80.00 price objective for the company. Finally, Telsey Advisory Group lifted their price objective on shares of Signet Jewelers from $62.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, June 3rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $87.14.

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.

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