Ninety One UK Ltd Takes $648,000 Position in Signet Jewelers Limited (NYSE:SIG)

Ninety One UK Ltd purchased a new position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,166 shares of the company's stock, valued at approximately $648,000.

Other hedge funds also recently bought and sold shares of the company. Magnetar Financial LLC purchased a new position in Signet Jewelers during the fourth quarter worth approximately $2,418,000. Norges Bank purchased a new position in Signet Jewelers during the fourth quarter worth approximately $40,989,000. Bryce Point Capital LLC purchased a new position in Signet Jewelers during the fourth quarter worth approximately $1,530,000. Royce & Associates LP boosted its position in Signet Jewelers by 5.0% during the fourth quarter. Royce & Associates LP now owns 202,280 shares of the company's stock worth $16,326,000 after purchasing an additional 9,559 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Signet Jewelers during the first quarter worth approximately $2,112,000.

Signet Jewelers Price Performance

Shares of NYSE:SIG traded up $0.89 during midday trading on Wednesday, hitting $80.84. The company had a trading volume of 1,735,993 shares, compared to its average volume of 1,218,229. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $106.28. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 87.87, a price-to-earnings-growth ratio of 0.74 and a beta of 1.39. The business's 50-day simple moving average is $72.60 and its 200-day simple moving average is $63.90.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted 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 return on equity of 22.41% and a net margin of 0.63%. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter last year, the firm earned $1.11 earnings per share. The business's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, sell-side analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

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 paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, July 25th. This represents a $1.28 annualized dividend and a yield of 1.58%. Signet Jewelers's dividend payout ratio (DPR) is 139.13%.

Analyst Ratings Changes

SIG has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on Signet Jewelers from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. Citigroup increased their target price on Signet Jewelers from $85.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen raised Signet Jewelers from a "hold" rating to a "buy" rating in a report on Saturday. Jefferies Financial Group initiated coverage on Signet Jewelers in a report on Monday, June 16th. They set a "buy" rating and a $102.00 target price for the company. Finally, Telsey Advisory Group increased their target price on Signet Jewelers from $62.00 to $80.00 and gave the company a "market perform" rating in a report on Tuesday, June 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $87.14.

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 stock was bought at an average price of $58.86 per share, with a total value of $100,062.00. Following the completion of the purchase, the director directly owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by company insiders.

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.