Rhumbline Advisers Has $7.37 Million Stake in Signet Jewelers Limited (NYSE:SIG)

Rhumbline Advisers lowered its position in Signet Jewelers Limited (NYSE:SIG - Free Report) by 4.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,986 shares of the company's stock after selling 6,047 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Signet Jewelers worth $7,373,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc grew its stake in Signet Jewelers by 40.5% in the first quarter. Versant Capital Management Inc now owns 773 shares of the company's stock valued at $45,000 after purchasing an additional 223 shares in the last quarter. Smartleaf Asset Management LLC boosted 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 in the last quarter. Sterling Capital Management LLC boosted 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 in the last quarter. CIBC Private Wealth Group LLC boosted 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 in the last quarter. Finally, Gallagher Fiduciary Advisors LLC boosted its stake in shares of Signet Jewelers by 14.7% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 2,788 shares of the company's stock worth $225,000 after acquiring an additional 358 shares in the last quarter.

Signet Jewelers Stock Performance

Shares of NYSE SIG traded down $2.58 during trading hours on Friday, hitting $76.43. 731,231 shares of the company's stock were exchanged, compared to its average volume of 1,201,155. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $106.28. 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 stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 3.43 and a beta of 1.36. The company's 50-day moving average price is $64.18 and its 200-day moving average price is $64.73.

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 business had revenue of $1.54 billion during 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 firm's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 EPS. On average, sell-side analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders 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 1.67%. Signet Jewelers's dividend payout ratio is currently 139.13%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Cfra Research upgraded Signet Jewelers to a "moderate buy" rating in a research note on Thursday, March 20th. CL King assumed coverage on Signet Jewelers in a research note on Monday, May 5th. They set a "buy" rating and a $80.00 price target for the company. Citigroup upped their price target on Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. UBS Group upped their price target on Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Telsey Advisory Group upped their price target on Signet Jewelers from $62.00 to $80.00 and gave the stock a "market perform" rating in a research note on Tuesday, June 3rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Signet Jewelers currently has a consensus rating of "Hold" and an average price target of $84.67.

Insiders Place Their Bets

In related news, CEO James Kevin Symancyk bought 15,000 shares of the business's stock in a transaction that occurred 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 transaction, 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Helen Mccluskey bought 1,700 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average price of $58.86 per share, with a total value of $100,062.00. Following the transaction, the director now directly owns 31,916 shares in the company, valued at $1,878,575.76. This trade represents a 5.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company's stock.

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.