Wealth Enhancement Advisory Services LLC Invests $254,000 in Signet Jewelers Limited (NYSE:SIG)

Wealth Enhancement Advisory Services LLC purchased a new position in Signet Jewelers Limited (NYSE:SIG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,373 shares of the company's stock, valued at approximately $254,000.

A number of other institutional investors have also recently made changes to their positions in SIG. Cooper Creek Partners Management LLC increased its holdings in shares of Signet Jewelers by 1,046.3% in the 4th quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company's stock worth $152,495,000 after buying an additional 1,724,592 shares during the last quarter. Anomaly Capital Management LP increased its holdings 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 buying an additional 1,579,410 shares during the last quarter. Norges Bank bought a new position in shares of Signet Jewelers in the 4th quarter worth $40,989,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of Signet Jewelers by 2,648.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 304,021 shares of the company's stock worth $24,538,000 after buying an additional 292,961 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Signet Jewelers by 37.4% in the 4th quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company's stock valued at $85,155,000 after purchasing an additional 286,974 shares in the last quarter.

Insiders Place Their Bets

In related news, Director Helen Mccluskey bought 1,700 shares of the company's stock in a transaction dated Friday, April 25th. The stock was purchased at an average cost of $58.86 per share, with a total value of $100,062.00. Following the transaction, the director owned 31,916 shares in the company, valued at approximately $1,878,575.76. This trade represents a 5.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Signet Jewelers Price Performance

SIG traded down $1.16 during trading on Friday, hitting $79.57. 1,204,765 shares of the stock traded hands, compared to its average volume of 1,221,382. The firm has a market capitalization of $3.27 billion, a P/E ratio of 86.49, a price-to-earnings-growth ratio of 0.72 and a beta of 1.39. The firm has a 50-day moving average of $73.81 and a 200 day moving average of $63.88. 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. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 EPS. As a group, equities analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, July 25th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, July 25th. This represents a $1.28 annualized dividend and a yield of 1.61%. Signet Jewelers's payout ratio is currently 139.13%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Cfra Research raised shares of Signet Jewelers to a "moderate buy" rating in a research note on Thursday, March 20th. UBS Group upped their price objective on shares of Signet Jewelers from $84.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. CL King assumed coverage on shares of Signet Jewelers in a research note on Monday, May 5th. They issued a "buy" rating and a $80.00 price objective for the company. Wells Fargo & Company upped their price objective 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, Citigroup upped their price objective on shares of Signet Jewelers from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Signet Jewelers has a consensus rating of "Moderate Buy" and a consensus price target 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.