MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 17,538 Shares of Signet Jewelers Limited (NYSE:SIG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 42.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,066 shares of the company's stock after selling 17,538 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of Signet Jewelers worth $1,942,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SIG. Smartleaf Asset Management LLC lifted its holdings in shares of Signet Jewelers by 149.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 703 shares of the company's stock worth $57,000 after buying an additional 421 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Signet Jewelers by 832.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,362 shares of the company's stock worth $110,000 after buying an additional 1,216 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Signet Jewelers by 32.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company's stock worth $123,000 after buying an additional 410 shares in the last quarter. KBC Group NV lifted its holdings in shares of Signet Jewelers by 34.6% during the fourth quarter. KBC Group NV now owns 1,740 shares of the company's stock worth $140,000 after buying an additional 447 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC lifted its holdings in shares of Signet Jewelers by 14.7% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 2,788 shares of the company's stock worth $225,000 after buying an additional 358 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Telsey Advisory Group reissued a "market perform" rating and set a $62.00 target price on shares of Signet Jewelers in a report on Wednesday. UBS Group lifted their target price on Signet Jewelers from $77.00 to $84.00 and gave the stock a "buy" rating in a report on Tuesday. CL King assumed 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. Cfra Research raised Signet Jewelers to a "moderate buy" rating in a research note on Thursday, March 20th. Finally, Wells Fargo & Company boosted their price target on Signet Jewelers from $60.00 to $70.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $80.00.

Signet Jewelers Price Performance

SIG stock traded up $0.53 during midday trading on Wednesday, reaching $66.90. The company had a trading volume of 94,495 shares, compared to its average volume of 1,177,853. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $112.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The stock has a 50 day moving average price of $59.95 and a 200-day moving average price of $66.95. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 3.43 and a beta of 1.34.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.39 by $0.23. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.33 billion. During the same quarter in the previous year, the business posted $6.73 earnings per share. The business's revenue for the quarter was down 5.8% on a year-over-year basis. Equities research analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, April 25th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Friday, April 25th. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's payout ratio is currently -168.42%.

Insider Buying and Selling at Signet Jewelers

In other news, CEO James Kevin Symancyk purchased 15,000 shares of Signet Jewelers stock in a transaction dated Monday, March 31st. The shares were bought at an average cost of $57.45 per share, for a total transaction of $861,750.00. Following the completion of the acquisition, the chief executive officer now owns 50,710 shares in the company, valued at approximately $2,913,289.50. This trade represents a 42.01% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Helen Mccluskey purchased 1,700 shares of Signet Jewelers stock in a transaction dated Friday, April 25th. The shares were purchased at an average price of $58.86 per share, for a total transaction of $100,062.00. Following the completion of 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 disclosure for this purchase can be found here. Company insiders own 3.26% 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.