Signet Jewelers Limited (NYSE:SIG) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 62,103.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,556 shares of the company's stock after buying an additional 145,322 shares during the period. GAMMA Investing LLC owned 0.34% of Signet Jewelers worth $8,451,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Signet Jewelers by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,550,233 shares of the company's stock valued at $205,830,000 after purchasing an additional 139,109 shares in the last quarter. Cooper Creek Partners Management LLC lifted its stake in shares of Signet Jewelers by 1,046.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company's stock valued at $152,495,000 after buying an additional 1,724,592 shares in the last quarter. Anomaly Capital Management LP lifted its stake in shares of Signet Jewelers by 862.5% during the 4th quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company's stock valued at $142,253,000 after buying an additional 1,579,410 shares in the last quarter. American Century Companies Inc. boosted its holdings in Signet Jewelers by 18.9% in the 4th quarter. American Century Companies Inc. now owns 1,150,441 shares of the company's stock worth $92,852,000 after buying an additional 182,948 shares during the period. Finally, Khrom Capital Management LLC increased its stake in Signet Jewelers by 24.2% in the 4th quarter. Khrom Capital Management LLC now owns 1,149,682 shares of the company's stock worth $92,791,000 after buying an additional 224,339 shares in the last quarter.

Insider Buying and Selling at Signet Jewelers

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group lifted their target price on Signet Jewelers from $84.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. CL King began coverage on shares of Signet Jewelers in a research report on Monday, May 5th. They set a "buy" rating and a $80.00 price objective on the stock. Cfra Research upgraded shares of Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. Telsey Advisory Group raised their target price on shares of Signet Jewelers from $62.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, June 3rd. Finally, Bank of America boosted their target price on Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Signet Jewelers presently has a consensus rating of "Hold" and a consensus target price of $84.67.

Signet Jewelers Trading Up 0.7%

SIG traded up $0.58 during trading on Wednesday, reaching $80.52. The company had a trading volume of 254,498 shares, compared to its average volume of 1,218,157. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The business has a 50 day simple moving average of $62.69 and a 200-day simple moving average of $65.23. The stock has a market cap of $3.45 billion, a P/E ratio of 9.28, a PEG 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 $109.52.

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

Signet Jewelers Announces Dividend

The company 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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, July 25th. Signet Jewelers's payout ratio is 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.