Fox Run Management L.L.C. Takes $1.02 Million Position in Signet Jewelers Limited (NYSE:SIG)

Key Points

• Fox Run Management L.L.C. has acquired a new stake of approximately $1.02 million in Signet Jewelers Limited, buying 17,544 shares in the 1st quarter.
• Signet Jewelers reported earnings of $1.18 per share, exceeding analysts' expectations of $1.01, and achieved revenue of $1.54 billion, up 2% year-over-year.
• The company recently declared a quarterly dividend of $0.32, with an annualized yield of 1.5%, despite a high dividend payout ratio of 139.13%.

Fox Run Management L.L.C. bought a new stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,544 shares of the company's stock, valued at approximately $1,019,000.

Several other large investors also recently modified their holdings of SIG. Versant Capital Management Inc grew its stake in Signet Jewelers by 40.5% in the first quarter. Versant Capital Management Inc now owns 773 shares of the company's stock worth $45,000 after purchasing an additional 223 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Signet Jewelers by 2.7% in the first quarter. SummerHaven Investment Management LLC now owns 9,214 shares of the company's stock worth $535,000 after purchasing an additional 242 shares in the last quarter. Yousif Capital Management LLC grew its stake in Signet Jewelers by 2.0% in the first quarter. Yousif Capital Management LLC now owns 17,087 shares of the company's stock worth $992,000 after purchasing an additional 341 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Signet Jewelers by 3.3% in the first quarter. Nisa Investment Advisors LLC now owns 10,784 shares of the company's stock worth $626,000 after purchasing an additional 344 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC grew its stake in Signet Jewelers by 14.7% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 2,788 shares of the company's stock worth $225,000 after purchasing an additional 358 shares in the last quarter.

Signet Jewelers Stock Down 0.5%

Shares of SIG stock opened at $82.85 on Friday. The business has a 50 day moving average of $80.46 and a two-hundred day moving average of $65.66. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $106.28. The company has a market cap of $3.41 billion, a P/E ratio of 90.06, a PEG ratio of 0.75 and a beta of 1.40.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings results 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 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 quarter in the previous year, the company posted $1.11 earnings per share. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, July 25th. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. Signet Jewelers's dividend payout ratio is currently 139.13%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Jefferies Financial Group assumed coverage on Signet Jewelers in a research note on Monday, June 16th. They issued a "buy" rating and a $102.00 price target for the company. CL King assumed coverage on Signet Jewelers in a research note on Monday, May 5th. They issued a "buy" rating and a $80.00 price target for the company. Citigroup lifted their target price on Signet Jewelers from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Bank of America lifted their target price on Signet Jewelers from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $88.86.

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.

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