GMT Capital Corp Sells 177,100 Shares of Signet Jewelers Limited (NYSE:SIG)

GMT Capital Corp decreased its position in Signet Jewelers Limited (NYSE:SIG - Free Report) by 58.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,300 shares of the company's stock after selling 177,100 shares during the period. Signet Jewelers accounts for 0.5% of GMT Capital Corp's investment portfolio, making the stock its 24th biggest holding. GMT Capital Corp owned 0.29% of Signet Jewelers worth $10,113,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Signet Jewelers by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,550,233 shares of the company's stock valued at $205,830,000 after acquiring an additional 139,109 shares during the last quarter. Cooper Creek Partners Management LLC increased its position 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 valued at $152,495,000 after purchasing an additional 1,724,592 shares during the last quarter. Anomaly Capital Management LP raised its stake in shares of Signet Jewelers by 862.5% during 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 during the period. American Century Companies Inc. boosted its holdings in shares of 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 buying an additional 182,948 shares during the last quarter. Finally, Khrom Capital Management LLC grew its position in Signet Jewelers by 24.2% during the fourth quarter. Khrom Capital Management LLC now owns 1,149,682 shares of the company's stock valued at $92,791,000 after buying an additional 224,339 shares during the period.

Insider Buying and Selling

In related news, CEO James Kevin Symancyk purchased 15,000 shares of the business's stock in a transaction on Monday, March 31st. The stock was acquired at an average price of $57.45 per share, with a total value of $861,750.00. Following the purchase, the chief executive officer now directly owns 50,710 shares in the company, valued at approximately $2,913,289.50. This represents a 42.01 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eugenia Ulasewicz sold 3,333 shares of the firm'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 owns 22,752 shares in the company, valued at approximately $1,231,565.76. This trade represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. 3.26% of the stock is owned by company insiders.

Signet Jewelers Stock Performance

Shares of NYSE:SIG traded down $0.58 during midday trading on Monday, reaching $58.47. 206,791 shares of the company traded hands, compared to its average volume of 1,152,573. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $112.06. The firm's fifty day moving average price is $54.26 and its two-hundred day moving average price is $71.67. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 3.43 and a beta of 1.63.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.39 by $0.23. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company's revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $6.73 earnings per share. On average, equities analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be paid a dividend of $0.32 per share. This is a positive change from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.28 annualized dividend and a yield of 2.19%. Signet Jewelers's dividend payout ratio (DPR) is currently -168.42%.

Analyst Ratings Changes

Several analysts have commented on the stock. Cfra Research raised shares of Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. Telsey Advisory Group reiterated a "market perform" rating and issued a $55.00 price objective on shares of Signet Jewelers in a research note on Wednesday, March 19th. UBS Group raised their target price on Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $70.00 price target (down previously from $80.00) on shares of Signet Jewelers in a research report on Tuesday, April 8th. Finally, Bank of America decreased their price objective on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $79.60.

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.