First Trust Advisors LP Sells 6,748 Shares of Signet Jewelers Limited (NYSE:SIG)

First Trust Advisors LP trimmed its holdings in Signet Jewelers Limited (NYSE:SIG - Free Report) by 9.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 61,814 shares of the company's stock after selling 6,748 shares during the quarter. First Trust Advisors LP owned about 0.14% of Signet Jewelers worth $4,989,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cooper Creek Partners Management LLC grew its stake in shares of Signet Jewelers by 1,046.3% in the fourth 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 period. Norges Bank purchased a new stake in Signet Jewelers in the fourth quarter worth approximately $40,989,000. American Century Companies Inc. grew its position in Signet Jewelers by 18.9% in the 4th quarter. American Century Companies Inc. now owns 1,150,441 shares of the company's stock worth $92,852,000 after purchasing an additional 182,948 shares during the period. Bridgewater Associates LP lifted its holdings in shares of Signet Jewelers by 338.8% during the 4th quarter. Bridgewater Associates LP now owns 137,472 shares of the company's stock valued at $11,095,000 after buying an additional 106,141 shares during the period. Finally, William Blair Investment Management LLC boosted its stake in shares of Signet Jewelers by 33.2% in the 4th quarter. William Blair Investment Management LLC now owns 309,129 shares of the company's stock worth $24,950,000 after buying an additional 76,966 shares during the last quarter.

Insider Activity

In other Signet Jewelers news, CEO James Kevin Symancyk bought 15,000 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average cost of $57.45 per share, with a total value of $861,750.00. Following the completion of the acquisition, the chief executive officer now owns 50,710 shares in the company, valued at $2,913,289.50. This trade represents a 42.01 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eugenia Ulasewicz sold 3,333 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $54.13, for a total transaction of $180,415.29. Following the sale, the director now directly owns 22,752 shares in the company, valued at approximately $1,231,565.76. The trade was a 12.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.26% of the company's stock.

Signet Jewelers Stock Performance

SIG opened at $60.02 on Friday. The firm has a market cap of $2.57 billion, a P/E ratio of 6.91, a PEG ratio of 3.43 and a beta of 1.63. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $112.06. The company has a 50 day simple moving average of $54.77 and a two-hundred day simple moving average of $70.99. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, topping analysts' consensus estimates of $6.39 by $0.23. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the company posted $6.73 earnings per share. The business's quarterly revenue was down 5.8% compared to the same quarter last year. Equities analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, April 25th. This is an increase from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's dividend payout ratio is -168.42%.

Analyst Ratings Changes

A number of research firms have weighed in on SIG. Bank of America lowered their target price on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company dropped their price objective on shares of Signet Jewelers from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday. UBS Group boosted their target price on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Telsey Advisory Group reiterated a "market perform" rating and issued a $55.00 price target on shares of Signet Jewelers in a research report on Wednesday, March 19th. Finally, Cfra Research raised shares of 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 two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $77.60.

Signet Jewelers Company 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.

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