Signet Jewelers Limited (NYSE:SIG) Shares Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its holdings in Signet Jewelers Limited by 660.0%, acquiring an additional 34,962 shares, bringing its total to 40,259 shares worth approximately $2.34 million.
• Signet Jewelers reported earnings of $1.18 per share, exceeding analysts' expectations of $1.01, with a revenue of $1.54 billion for the quarter.
• Several analysts have issued optimistic ratings for Signet Jewelers, setting a consensus target price of $88.86, with a mix of buy and hold ratings from eight analysts.

XTX Topco Ltd increased its position in Signet Jewelers Limited (NYSE:SIG - Free Report) by 660.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,259 shares of the company's stock after acquiring an additional 34,962 shares during the quarter. XTX Topco Ltd owned about 0.09% of Signet Jewelers worth $2,337,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SIG. Cooper Creek Partners Management LLC lifted 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 acquiring an additional 1,724,592 shares during the last quarter. Anomaly Capital Management LP lifted its stake in Signet Jewelers by 862.5% in the fourth 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 during the last quarter. Norges Bank purchased a new stake in Signet Jewelers during the fourth quarter valued at about $40,989,000. Schonfeld Strategic Advisors LLC grew its stake in shares of Signet Jewelers by 2,648.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 304,021 shares of the company's stock valued at $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% during the fourth 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 during the period.

Signet Jewelers Stock Performance

NYSE SIG traded down $3.97 during trading on Friday, hitting $75.13. The stock had a trading volume of 1,093,540 shares, compared to its average volume of 1,402,198. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 81.66, a P/E/G ratio of 0.71 and a beta of 1.39. The stock has a 50 day simple moving average of $78.68 and a 200 day simple moving average of $64.36. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $106.28.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted 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 firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. The company's revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 earnings per share. On average, sell-side analysts predict 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. Stockholders 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 dividend yield of 1.7%. Signet Jewelers's payout ratio is presently 139.13%.

Analyst Ratings Changes

A number of equities analysts recently commented on SIG shares. Wall Street Zen downgraded Signet Jewelers from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Citigroup upped their target price on Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company raised their target price on Signet Jewelers from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Bank of America increased their price objective on Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Finally, UBS Group boosted their target price on shares of Signet Jewelers from $84.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.