Signet Jewelers Limited (NYSE:SIG) Shares Acquired by Grace & White Inc. NY

Grace & White Inc. NY boosted its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 19.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 248,312 shares of the company's stock after buying an additional 41,050 shares during the period. Signet Jewelers accounts for about 2.8% of Grace & White Inc. NY's investment portfolio, making the stock its 9th biggest holding. Grace & White Inc. NY owned approximately 0.58% of Signet Jewelers worth $14,417,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc lifted its holdings 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 valued at $45,000 after purchasing an additional 223 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in shares of Signet Jewelers during the 1st quarter valued at $45,000. Smartleaf Asset Management LLC lifted its holdings 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 valued at $57,000 after purchasing an additional 421 shares during the last quarter. Sterling Capital Management LLC lifted its holdings 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 valued at $110,000 after purchasing an additional 1,216 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings 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 valued at $123,000 after purchasing an additional 410 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SIG shares. Bank of America upped their target price on Signet Jewelers from $65.00 to $78.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Jefferies Financial Group started coverage on shares of Signet Jewelers in a report on Monday, June 16th. They set a "buy" rating and a $102.00 price target on the stock. Citigroup increased their price target on shares of Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. UBS Group increased their price target on shares of Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company increased their price target on shares of Signet Jewelers from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $87.14.

Signet Jewelers Trading Up 3.0%

SIG traded up $2.40 during midday trading on Thursday, hitting $81.98. 1,002,248 shares of the company traded hands, compared to its average volume of 1,203,029. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 89.11, a PEG ratio of 0.72 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 business has a 50 day simple moving average of $68.58 and a two-hundred day simple moving average of $64.05.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $1.18 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 0.63% and a return on equity of 22.41%. The company's quarterly revenue 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. Equities research analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 25th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, July 25th. Signet Jewelers's payout ratio is currently 139.13%.

Insider Buying and Selling

In other Signet Jewelers news, CEO James Kevin Symancyk acquired 15,000 shares of the stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of $57.45 per share, with a total value of $861,750.00. Following the completion of the purchase, the chief executive officer now 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Helen Mccluskey purchased 1,700 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was purchased at an average price of $58.86 per share, with a total value of $100,062.00. Following the purchase, the director now directly owns 31,916 shares of the company's stock, 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. 1.00% of the stock is 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.