State of Alaska Department of Revenue Has $1.40 Million Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

State of Alaska Department of Revenue decreased its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 53.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,098 shares of the company's stock after selling 27,937 shares during the period. State of Alaska Department of Revenue owned 0.06% of Signet Jewelers worth $1,399,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in Signet Jewelers by 40.5% during the first quarter. Versant Capital Management Inc now owns 773 shares of the company's stock worth $45,000 after buying an additional 223 shares during the last quarter. Byrne Asset Management LLC acquired a new position in shares of Signet Jewelers during the 1st quarter worth about $45,000. Smartleaf Asset Management LLC increased 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 purchasing an additional 421 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Signet Jewelers by 832.9% in 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 period. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Signet Jewelers by 32.9% in 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 period.

Signet Jewelers Price Performance

NYSE SIG traded up $0.64 on Friday, reaching $82.44. The stock had a trading volume of 1,402,791 shares, compared to its average volume of 1,207,403. The company has a market cap of $3.39 billion, a P/E ratio of 89.61, a price-to-earnings-growth ratio of 0.74 and a beta of 1.36. The firm has a fifty day moving average of $69.12 and a two-hundred day moving average of $63.89. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $106.28.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.01 by $0.17. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the company posted $1.11 earnings per share. Signet Jewelers's revenue was up 2.0% compared to the same quarter last year. Research analysts predict that Signet Jewelers Limited will post 8.73 EPS 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 given a $0.32 dividend. The ex-dividend date is Friday, July 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.55%. Signet Jewelers's payout ratio is 139.13%.

Wall Street Analysts Forecast Growth

SIG has been the topic of a number of recent analyst reports. CL King initiated coverage on Signet Jewelers in a research report on Monday, May 5th. They set a "buy" rating and a $80.00 price target on the stock. UBS Group boosted their target price on Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Bank of America increased their price target on Signet Jewelers from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Telsey Advisory Group lifted their price objective on shares of Signet Jewelers from $62.00 to $80.00 and gave the stock a "market perform" rating in a research report on Tuesday, June 3rd. Finally, Jefferies Financial Group assumed coverage on shares of Signet Jewelers in a report on Monday, June 16th. They issued a "buy" rating and a $102.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Signet Jewelers has an average rating of "Moderate Buy" and a consensus price target of $87.14.

Insider Activity

In related news, CEO James Kevin Symancyk purchased 15,000 shares of the company's stock in a transaction that occurred on 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 directly owns 50,710 shares in the company, valued at $2,913,289.50. This trade represents a 42.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Helen Mccluskey acquired 1,700 shares of Signet Jewelers stock in a transaction on Friday, April 25th. The shares were purchased at an average price of $58.86 per share, for a total transaction of $100,062.00. Following the completion of the purchase, the director now directly owns 31,916 shares of the company's stock, valued at approximately $1,878,575.76. This represents 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.