Signet Jewelers Limited (NYSE:SIG) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its position in Signet Jewelers Limited (NYSE:SIG - Free Report) by 53.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SIG. Versant Capital Management Inc lifted its stake 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 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 worth approximately $45,000. Smartleaf Asset Management LLC boosted its holdings in shares of Signet Jewelers by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company's stock valued at $57,000 after buying an additional 421 shares in the last quarter. Sterling Capital Management LLC grew its position 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 buying an additional 1,216 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in 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.

Insider Buying and Selling at Signet Jewelers

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

Signet Jewelers Stock Performance

Signet Jewelers stock traded up $2.40 during mid-day trading on Thursday, reaching $81.98. 1,002,248 shares of the company were exchanged, compared to its average volume of 1,201,257. The firm's 50-day simple moving average is $68.05 and its two-hundred day simple moving average is $64.08. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $106.28. The firm has a market cap of $3.37 billion, a PE ratio of 89.11, a price-to-earnings-growth ratio of 0.71 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 for the quarter, beating analysts' consensus estimates of $1.01 by $0.17. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted $1.11 EPS. As a group, equities research analysts anticipate that Signet Jewelers Limited will post 8.73 EPS 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 $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 yield of 1.56%. Signet Jewelers's payout ratio is currently 139.13%.

Analyst Ratings Changes

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

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.