Signet Jewelers Limited (NYSE:SIG) is Grace & White Inc. NY's 9th Largest Position

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

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc lifted its stake in Signet Jewelers by 40.5% in the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company's stock worth $45,000 after acquiring an additional 223 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in Signet Jewelers in the 1st quarter worth about $45,000. Smartleaf Asset Management LLC lifted its stake in Signet Jewelers by 149.3% in 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 lifted its stake in Signet Jewelers by 832.9% in 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. Finally, CIBC Private Wealth Group LLC lifted its stake in Signet Jewelers by 32.9% in 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.

Insider Activity

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

Analyst Ratings Changes

Several analysts recently issued reports on SIG shares. Wells Fargo & Company increased their price objective on Signet Jewelers from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. CL King started coverage on Signet Jewelers in a report on Monday, May 5th. They set a "buy" rating and a $80.00 price objective for the company. UBS Group increased their price objective on Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Cfra Research upgraded Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. Finally, Bank of America increased their price objective on Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $87.14.

Signet Jewelers Price Performance

NYSE SIG opened at $81.68 on Monday. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $106.28. The stock's 50-day moving average is $66.64 and its two-hundred day moving average is $63.95. The firm has a market cap of $3.36 billion, a P/E ratio of 88.78, a price-to-earnings-growth ratio of 0.74 and a beta of 1.36.

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 (EPS) 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 the consensus estimate of $1.52 billion. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. Signet Jewelers's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 EPS. On average, equities analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current 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 given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Friday, July 25th. Signet Jewelers's dividend payout ratio is currently 139.13%.

About Signet Jewelers

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.

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