Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Signet Jewelers Limited (NYSE:SIG)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,681 shares of the company's stock, valued at approximately $297,000.

Other hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in shares of Signet Jewelers by 3.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,517 shares of the company's stock valued at $526,000 after buying an additional 205 shares during the last quarter. Xponance Inc. raised its stake in shares of Signet Jewelers by 12.2% in the fourth quarter. Xponance Inc. now owns 3,149 shares of the company's stock valued at $254,000 after buying an additional 343 shares during the period. Atria Investments Inc increased its stake in shares of Signet Jewelers by 14.5% in the fourth quarter. Atria Investments Inc now owns 2,815 shares of the company's stock worth $227,000 after purchasing an additional 356 shares in the last quarter. Gallagher Fiduciary Advisors LLC lifted its position in shares of Signet Jewelers by 14.7% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 2,788 shares of the company's stock worth $225,000 after acquiring an additional 358 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of Signet Jewelers by 32.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company's stock valued at $123,000 after buying an additional 410 shares during the period.

Signet Jewelers Stock Up 0.5%

Signet Jewelers stock traded up $0.36 during trading hours on Thursday, hitting $74.76. 1,167,426 shares of the stock traded hands, compared to its average volume of 1,208,953. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $109.52. The company has a market cap of $3.21 billion, a PE ratio of 8.60, a PEG ratio of 3.43 and a beta of 1.34. The firm's 50-day moving average price is $61.09 and its two-hundred day moving average price is $65.99. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14.

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 for the quarter, topping the consensus estimate of $1.01 by $0.17. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 earnings per share. On average, research analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, July 25th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, July 25th. Signet Jewelers's dividend payout ratio is -168.42%.

Insider Activity

In related news, Director Helen Mccluskey bought 1,700 shares of the business's stock in a transaction dated Friday, April 25th. The shares were purchased at an average cost of $58.86 per share, with a total value of $100,062.00. Following the completion of the purchase, the director now owns 31,916 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, CEO James Kevin Symancyk purchased 15,000 shares of Signet Jewelers stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost of $57.45 per share, with a total value of $861,750.00. Following the transaction, the chief executive officer now directly owns 50,710 shares of the company's stock, valued at $2,913,289.50. This represents a 42.01% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. 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. Bank of America raised their target price on Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Wednesday. Wells Fargo & Company upped their price target on Signet Jewelers from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday. Citigroup increased their price objective on Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Cfra Research upgraded Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $84.67.

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.