Victory Capital Management Inc. Cuts Stock Position in Signet Jewelers Limited (NYSE:SIG)

Victory Capital Management Inc. trimmed its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 61.4% in the 1st quarter, according to the company in its most recent disclosure with the 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 reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Signet Jewelers during the fourth quarter valued at approximately $40,989,000. Bryce Point Capital LLC purchased a new stake in shares of Signet Jewelers during the 4th quarter valued at $1,530,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Signet Jewelers in the 1st quarter worth $2,112,000. Anomaly Capital Management LP boosted its position in shares of Signet Jewelers by 862.5% in the 4th quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company's stock worth $142,253,000 after purchasing an additional 1,579,410 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Signet Jewelers during the 1st quarter worth $254,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Jefferies Financial Group assumed coverage on Signet Jewelers in a research note on Monday, June 16th. They issued a "buy" rating and a $102.00 price target for the company. Citigroup increased their price objective on shares of Signet Jewelers from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wall Street Zen cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Wells Fargo & Company upped their price target on shares of Signet Jewelers from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Finally, UBS Group raised their price target on shares of Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $88.86.

Signet Jewelers Trading Down 5.0%

Shares of NYSE SIG traded down $3.97 during trading on Friday, reaching $75.13. 1,093,540 shares of the company traded hands, compared to its average volume of 1,402,198. The stock has a market cap of $3.09 billion, a P/E ratio of 81.66, a PEG ratio of 0.71 and a beta of 1.39. The firm's fifty day simple moving average is $78.68 and its 200 day simple moving average is $64.36. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $106.28.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.17. Signet Jewelers had a return on equity of 22.41% and a net margin of 0.63%. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period last year, the business earned $1.11 earnings per share. Signet Jewelers's quarterly revenue was up 2.0% on a year-over-year basis. As a group, research analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The company also recently disclosed 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 of this dividend is Friday, July 25th. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. Signet Jewelers's payout ratio is presently 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.