Nebula Research & Development LLC Buys Shares of 13,294 Signet Jewelers Limited (NYSE:SIG)

Nebula Research & Development LLC bought a new stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,294 shares of the company's stock, valued at approximately $1,073,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Signet Jewelers by 7.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,154 shares of the company's stock worth $2,515,000 after purchasing an additional 2,073 shares during the last quarter. Khrom Capital Management LLC boosted its holdings in shares of Signet Jewelers by 24.2% in the fourth quarter. Khrom Capital Management LLC now owns 1,149,682 shares of the company's stock valued at $92,791,000 after purchasing an additional 224,339 shares during the period. Anomaly Capital Management LP grew its position 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 buying an additional 1,579,410 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Signet Jewelers in the fourth quarter valued at about $255,000. Finally, Tower Research Capital LLC TRC lifted its stake in Signet Jewelers by 150.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,298 shares of the company's stock worth $347,000 after acquiring an additional 2,582 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $55.00 price target on shares of Signet Jewelers in a research report on Wednesday, March 19th. UBS Group lifted their price target on Signet Jewelers from $85.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Bank of America dropped their price objective on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Cfra Research upgraded shares of Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. Finally, Wells Fargo & Company lowered their price target 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Signet Jewelers has an average rating of "Hold" and a consensus target price of $77.60.

Insider Transactions at Signet Jewelers

In other news, CEO James Kevin Symancyk acquired 15,000 shares of Signet Jewelers 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 purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Helen Mccluskey bought 1,700 shares of the stock in a transaction on Friday, April 25th. The shares were acquired at an average cost of $58.86 per share, for a total transaction of $100,062.00. Following the purchase, the director now owns 31,916 shares in the company, valued at $1,878,575.76. The trade was a 5.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.26% of the company's stock.

Signet Jewelers Stock Performance

Signet Jewelers stock traded up $1.48 during midday trading on Friday, hitting $61.31. 218,255 shares of the company were exchanged, compared to its average volume of 1,153,708. The business has a fifty 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 quick ratio of 0.25 and a current ratio of 1.55. The firm has a market capitalization of $2.63 billion, a PE ratio of 7.06, a price-to-earnings-growth ratio of 3.43 and a beta of 1.63. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $112.06.

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. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the prior year, the firm posted $6.73 earnings per share. The firm's quarterly revenue was down 5.8% compared to the same quarter last year. On average, sell-side analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current 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 given a dividend of $0.32 per share. The ex-dividend date is Friday, April 25th. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 2.09%. Signet Jewelers's dividend payout ratio is currently -168.42%.

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.