PKO Investment Management Joint Stock Co Takes $565,000 Position in Signet Jewelers Limited (NYSE:SIG)

PKO Investment Management Joint Stock Co purchased a new stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,000 shares of the company's stock, valued at approximately $565,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in Signet Jewelers by 149.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company's stock valued at $57,000 after buying an additional 421 shares during the last quarter. Sterling Capital Management LLC raised its holdings in Signet Jewelers by 832.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,362 shares of the company's stock valued at $110,000 after buying an additional 1,216 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in Signet Jewelers by 32.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company's stock valued at $123,000 after buying an additional 410 shares during the last quarter. KBC Group NV raised its holdings in Signet Jewelers by 34.6% during the 4th quarter. KBC Group NV now owns 1,740 shares of the company's stock valued at $140,000 after buying an additional 447 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC raised its holdings in Signet Jewelers by 14.7% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 2,788 shares of the company's stock valued at $225,000 after buying an additional 358 shares during the last quarter.

Signet Jewelers Stock Down 0.5%

SIG traded down $0.31 during midday trading on Friday, reaching $66.58. The company's stock had a trading volume of 1,217,684 shares, compared to its average volume of 1,187,838. The stock's 50-day moving average is $60.35 and its 200-day moving average is $66.30. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $112.06. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 3.43 and a beta of 1.34.

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

Signet Jewelers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, April 25th were given a dividend of $0.32 per share. This is an increase from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date was Friday, April 25th. This represents a $1.28 dividend on an annualized basis and a yield of 1.92%. Signet Jewelers's dividend payout ratio is -168.42%.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, Director Helen Mccluskey purchased 1,700 shares of the firm's stock in a transaction on Friday, April 25th. The shares were acquired at an average cost of $58.86 per share, for a total transaction of $100,062.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James Kevin Symancyk purchased 15,000 shares of the firm's stock in a transaction on Monday, March 31st. The stock was acquired at an average price of $57.45 per share, for a total transaction of $861,750.00. Following the completion of the transaction, the chief executive officer now directly owns 50,710 shares of the company's stock, valued at approximately $2,913,289.50. This trade represents a 42.01% increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SIG. Telsey Advisory Group reiterated a "market perform" rating and set a $62.00 price target on shares of Signet Jewelers in a report on Wednesday. Wells Fargo & Company upped their price objective on shares of Signet Jewelers from $60.00 to $70.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Cfra Research upgraded shares of Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. CL King began coverage on shares of Signet Jewelers in a report on Monday, May 5th. They issued a "buy" rating and a $80.00 price objective for the company. Finally, UBS Group upped their price objective on shares of Signet Jewelers from $77.00 to $84.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Signet Jewelers has an average rating of "Hold" and a consensus price target of $80.00.

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.