Signet Jewelers Limited (NYSE:SIG) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 61.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,642 shares of the company's stock after selling 29,699 shares during the quarter. Victory Capital Management Inc.'s holdings in Signet Jewelers were worth $1,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cooper Creek Partners Management LLC grew 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 worth $152,495,000 after purchasing an additional 1,724,592 shares during the period. Anomaly Capital Management LP boosted its holdings in Signet Jewelers by 862.5% during the fourth quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company's stock worth $142,253,000 after buying an additional 1,579,410 shares in the last quarter. Norges Bank purchased a new position in Signet Jewelers in the fourth quarter valued at about $40,989,000. Schonfeld Strategic Advisors LLC lifted its position in shares of Signet Jewelers by 2,648.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 304,021 shares of the company's stock valued at $24,538,000 after acquiring an additional 292,961 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Signet Jewelers by 37.4% during the 4th quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company's stock worth $85,155,000 after acquiring an additional 286,974 shares in the last quarter.

Signet Jewelers Trading Down 5.0%

Shares of Signet Jewelers stock traded down $3.97 during mid-day trading on Friday, hitting $75.13. 1,093,540 shares of the stock were exchanged, compared to its average volume of 919,262. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 81.66, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $106.28. The company has a 50-day simple moving average of $78.92 and a 200 day simple moving average of $64.52.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its 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 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 revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.11 earnings per share. Equities research analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, July 25th will be issued a $0.32 dividend. The ex-dividend date is Friday, July 25th. This represents a $1.28 annualized dividend and a yield of 1.7%. Signet Jewelers's payout ratio is 139.13%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Telsey Advisory Group lifted their price objective on Signet Jewelers from $80.00 to $92.00 and gave the stock a "market perform" rating in a report on Friday, July 25th. Bank of America lifted their price target on Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Wall Street Zen upgraded shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research report on Saturday. Wells Fargo & Company raised their target price on shares of Signet Jewelers from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Finally, UBS Group lifted their target price on shares of Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $88.86.

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.