Rhumbline Advisers Trims Stake in Signet Jewelers Limited (NYSE:SIG)

Rhumbline Advisers cut its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 4.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,986 shares of the company's stock after selling 6,047 shares during the quarter. Rhumbline Advisers owned 0.30% of Signet Jewelers worth $7,373,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SIG. Grace & White Inc. NY grew its position in Signet Jewelers by 6.1% during the 4th quarter. Grace & White Inc. NY now owns 207,262 shares of the company's stock worth $16,728,000 after acquiring an additional 11,900 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in Signet Jewelers by 22.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 61,568 shares of the company's stock valued at $4,969,000 after acquiring an additional 11,218 shares during the period. Magnetar Financial LLC bought a new position in shares of Signet Jewelers during the fourth quarter valued at $2,418,000. Norges Bank acquired a new position in shares of Signet Jewelers during the fourth quarter worth $40,989,000. Finally, Van ECK Associates Corp grew its stake in shares of Signet Jewelers by 30.5% in the fourth quarter. Van ECK Associates Corp now owns 36,655 shares of the company's stock worth $2,958,000 after purchasing an additional 8,574 shares during the last quarter.

Insider Activity

In other news, CEO James Kevin Symancyk purchased 15,000 shares of the stock in a transaction dated Monday, March 31st. The shares were purchased at an average cost of $57.45 per share, with a total value of $861,750.00. Following the acquisition, the chief executive officer now directly owns 50,710 shares of the company's stock, valued at $2,913,289.50. This represents a 42.01% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Helen Mccluskey acquired 1,700 shares of Signet Jewelers stock in a transaction that occurred on Friday, April 25th. The shares were purchased at an average price of $58.86 per share, with a total value of $100,062.00. Following the transaction, the director now owns 31,916 shares of the company's stock, valued at $1,878,575.76. The trade was a 5.63% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company's stock.

Signet Jewelers Stock Down 0.0%

Shares of Signet Jewelers stock traded down $0.02 during midday trading on Thursday, hitting $79.17. The company had a trading volume of 577,996 shares, compared to its average volume of 1,220,029. The company has a 50 day moving average of $63.18 and a 200 day moving average of $65.32. The stock has a market capitalization of $3.40 billion, a P/E ratio of 9.11, a P/E/G ratio of 3.43 and a beta of 1.36. Signet Jewelers Limited has a 52-week low of $45.55 and a 52-week high of $106.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.17. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 earnings per share. On average, equities analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, July 25th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, July 25th. Signet Jewelers's dividend payout ratio is currently 139.13%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price objective 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. Citigroup increased their price objective on shares of Signet Jewelers from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. CL King assumed coverage on shares of Signet Jewelers in a research report on Monday, May 5th. They set a "buy" rating and a $80.00 price target for the company. Bank of America boosted their target price on Signet Jewelers from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Finally, Cfra Research upgraded shares of Signet Jewelers to a "moderate buy" rating in a research note on Thursday, March 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $84.67.

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.