New York State Teachers Retirement System Sells 10,354 Shares of Signet Jewelers Limited (NYSE:SIG)

New York State Teachers Retirement System lowered its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 15.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,445 shares of the company's stock after selling 10,354 shares during the period. New York State Teachers Retirement System owned about 0.13% of Signet Jewelers worth $3,335,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Signet Jewelers by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,550,233 shares of the company's stock worth $205,830,000 after buying an additional 139,109 shares in the last quarter. Cooper Creek Partners Management LLC boosted its stake in Signet Jewelers by 1,046.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company's stock worth $152,495,000 after buying an additional 1,724,592 shares in the last quarter. Anomaly Capital Management LP boosted its stake in Signet Jewelers by 862.5% during the fourth quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company's stock worth $142,253,000 after buying an additional 1,579,410 shares in the last quarter. American Century Companies Inc. boosted its stake in Signet Jewelers by 18.9% during the fourth quarter. American Century Companies Inc. now owns 1,150,441 shares of the company's stock worth $92,852,000 after buying an additional 182,948 shares in the last quarter. Finally, Khrom Capital Management LLC boosted its stake in Signet Jewelers by 24.2% during the fourth quarter. Khrom Capital Management LLC now owns 1,149,682 shares of the company's stock worth $92,791,000 after buying an additional 224,339 shares in the last quarter.

Signet Jewelers Stock Down 2.9%

Shares of NYSE SIG opened at $81.59 on Tuesday. The firm's 50-day simple moving average is $72.21 and its 200 day simple moving average is $63.79. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 88.69, a price-to-earnings-growth ratio of 0.76 and a beta of 1.39. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $106.28.

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

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, July 25th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, July 25th. This represents a $1.28 dividend on an annualized basis and a yield of 1.57%. Signet Jewelers's payout ratio is presently 139.13%.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, Director Helen Mccluskey bought 1,700 shares of the business's stock in a transaction on Friday, April 25th. The shares were bought at an average cost of $58.86 per share, for a total transaction of $100,062.00. Following the transaction, the director owned 31,916 shares in the company, valued at approximately $1,878,575.76. This trade represents a 5.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

SIG has been the topic of several recent analyst reports. Bank of America boosted 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. Wells Fargo & Company boosted their target price on shares of Signet Jewelers from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. UBS Group boosted their target price on shares of Signet Jewelers from $84.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Telsey Advisory Group boosted their target price 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. Finally, Jefferies Financial Group initiated coverage on shares of Signet Jewelers in a research note on Monday, June 16th. They issued a "buy" rating and a $102.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.

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