11,166 Shares in Signet Jewelers Limited (NYSE:SIG) Bought by Ninety One UK Ltd

Ninety One UK Ltd 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 filing with the SEC. The institutional investor purchased 11,166 shares of the company's stock, valued at approximately $648,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew 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 acquiring an additional 421 shares during the period. Versant Capital Management Inc grew 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 acquiring an additional 223 shares during the period. Byrne Asset Management LLC bought a new position in shares of Signet Jewelers during the 1st quarter worth $45,000. Sterling Capital Management LLC grew 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 acquiring an additional 1,216 shares during the period. Finally, CIBC Private Wealth Group LLC grew 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 acquiring an additional 410 shares during the period.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, Director Helen Mccluskey acquired 1,700 shares of the business's stock in a transaction dated Friday, April 25th. The shares were purchased 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 $1,878,575.76. This represents a 5.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company's stock.

Signet Jewelers Stock Down 1.4%

Shares of SIG stock traded down $1.16 during trading on Friday, hitting $79.57. The company had a trading volume of 1,204,765 shares, compared to its average volume of 1,219,996. The stock's 50-day moving average is $73.81 and its two-hundred day moving average is $64.00. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 86.49, a price-to-earnings-growth ratio of 0.73 and a beta of 1.39. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $106.28.

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

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, July 25th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, July 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.61%. Signet Jewelers's dividend payout ratio is currently 139.13%.

Analyst Upgrades and Downgrades

SIG has been the topic of a number of recent research reports. Cfra Research raised Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. Jefferies Financial Group initiated coverage on Signet Jewelers in a report on Monday, June 16th. They set a "buy" rating and a $102.00 price objective on the stock. UBS Group increased their price objective on Signet Jewelers from $84.00 to $95.00 and gave the stock 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, July 5th. Finally, Wells Fargo & Company increased their price objective on Signet Jewelers from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $87.14.

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.