Nuveen Asset Management LLC Purchases 5,318 Shares of Signet Jewelers Limited (NYSE:SIG)

Nuveen Asset Management LLC raised its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 339,872 shares of the company's stock after purchasing an additional 5,318 shares during the period. Nuveen Asset Management LLC owned 0.78% of Signet Jewelers worth $27,431,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Lazard Asset Management LLC lifted its stake in shares of Signet Jewelers by 46.2% in the 4th quarter. Lazard Asset Management LLC now owns 15,072 shares of the company's stock worth $1,216,000 after acquiring an additional 4,760 shares during the period. Janus Henderson Group PLC lifted its stake in Signet Jewelers by 37.4% during the fourth quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company's stock valued at $85,155,000 after purchasing an additional 286,974 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in Signet Jewelers during the fourth quarter valued at approximately $4,599,000. Deutsche Bank AG lifted its stake in Signet Jewelers by 12.1% during the fourth quarter. Deutsche Bank AG now owns 61,046 shares of the company's stock valued at $4,927,000 after purchasing an additional 6,566 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in Signet Jewelers by 427.7% during the fourth quarter. Captrust Financial Advisors now owns 16,632 shares of the company's stock valued at $1,342,000 after purchasing an additional 13,480 shares during the last quarter.

Signet Jewelers Stock Up 0.8%

Signet Jewelers stock traded up $0.50 during trading hours on Wednesday, hitting $66.87. The company had a trading volume of 94,495 shares, compared to its average volume of 1,177,853. The firm has a market capitalization of $2.87 billion, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 3.43 and a beta of 1.34. 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 firm's fifty day moving average is $59.95 and its 200-day moving average is $66.95. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $112.06.

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

Signet Jewelers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, April 25th were paid a dividend of $0.32 per share. This is a positive change from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date was Friday, April 25th. This represents a $1.28 annualized dividend and a dividend yield of 1.91%. Signet Jewelers's dividend payout ratio is -168.42%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. CL King initiated coverage on shares of Signet Jewelers in a research note on Monday, May 5th. They set a "buy" rating and a $80.00 target price for the company. UBS Group upped their price target on shares of Signet Jewelers from $77.00 to $84.00 and gave the company a "buy" rating in a research report on Tuesday. Telsey Advisory Group restated a "market perform" rating and issued a $62.00 price target on shares of Signet Jewelers in a research report on Wednesday. Wells Fargo & Company upped their price target on shares of Signet Jewelers from $60.00 to $70.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Finally, Cfra Research upgraded shares of Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $80.00.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, CEO James Kevin Symancyk purchased 15,000 shares of the company's stock in a transaction dated Monday, March 31st. The shares were bought at an average price of $57.45 per share, for a total transaction of $861,750.00. Following the purchase, the chief executive officer now directly owns 50,710 shares in the company, valued at $2,913,289.50. This trade represents a 42.01% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Helen Mccluskey purchased 1,700 shares of the company's stock in a transaction dated Friday, April 25th. The shares were acquired at an average price of $58.86 per share, for a total transaction of $100,062.00. Following the purchase, the director now owns 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 disclosure for this purchase can be found here. 3.26% 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.