Signet Jewelers Limited (NYSE:SIG) Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC decreased its holdings in Signet Jewelers Limited (NYSE:SIG - Free Report) by 43.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 104,900 shares of the company's stock after selling 80,350 shares during the quarter. Ceredex Value Advisors LLC owned 0.24% of Signet Jewelers worth $11,252,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Belpointe Asset Management LLC raised its holdings in shares of Signet Jewelers by 67.9% during the first quarter. Belpointe Asset Management LLC now owns 403 shares of the company's stock valued at $31,000 after acquiring an additional 163 shares during the last quarter. Quarry LP raised its holdings in shares of Signet Jewelers by 274.1% during the first quarter. Quarry LP now owns 404 shares of the company's stock valued at $31,000 after acquiring an additional 296 shares during the last quarter. Ronald Blue Trust Inc. grew its position in shares of Signet Jewelers by 187.2% in the third quarter. Ronald Blue Trust Inc. now owns 494 shares of the company's stock valued at $35,000 after purchasing an additional 322 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Signet Jewelers in the first quarter valued at approximately $51,000. Finally, Lazard Asset Management LLC grew its position in shares of Signet Jewelers by 17.0% in the third quarter. Lazard Asset Management LLC now owns 1,374 shares of the company's stock valued at $98,000 after purchasing an additional 200 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Bank of America dropped their price target on Signet Jewelers from $110.00 to $100.00 and set a "neutral" rating for the company in a research report on Thursday, March 21st. Telsey Advisory Group upped their price target on Signet Jewelers from $100.00 to $110.00 and gave the company a "market perform" rating in a research report on Thursday. StockNews.com lowered Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Tuesday, March 26th. Wells Fargo & Company upped their price target on Signet Jewelers from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Friday, December 22nd. Finally, UBS Group increased their price objective on Signet Jewelers from $128.00 to $152.00 and gave the stock a "buy" rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Signet Jewelers has an average rating of "Hold" and an average target price of $120.20.

Signet Jewelers Trading Up 2.5 %

Signet Jewelers stock traded up $2.56 during mid-day trading on Monday, hitting $104.29. The company's stock had a trading volume of 594,695 shares, compared to its average volume of 740,758. The firm has a market capitalization of $4.62 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 1.20 and a beta of 2.13. Signet Jewelers Limited has a 1 year low of $57.10 and a 1 year high of $109.17. The stock's fifty day moving average is $100.53 and its two-hundred day moving average is $90.83.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $6.73 earnings per share for the quarter, topping the consensus estimate of $6.33 by $0.40. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the business posted $5.52 earnings per share. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities analysts expect that Signet Jewelers Limited will post 10.61 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.11%. This is a boost from Signet Jewelers's previous quarterly dividend of $0.23. The ex-dividend date is Thursday, April 25th. Signet Jewelers's dividend payout ratio is 6.14%.

Insiders Place Their Bets

In other Signet Jewelers news, insider William Brace sold 3,000 shares of the company's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $99.00, for a total transaction of $297,000.00. Following the transaction, the insider now directly owns 75,664 shares in the company, valued at $7,490,736. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Signet Jewelers news, insider William Brace sold 3,000 shares of the company's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $99.00, for a total transaction of $297,000.00. Following the transaction, the insider now directly owns 75,664 shares in the company, valued at $7,490,736. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Oded Edelman sold 7,911 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $105.36, for a total value of $833,502.96. Following the completion of the sale, the insider now owns 33,378 shares in the company, valued at $3,516,706.08. The disclosure for this sale can be found here. Insiders have sold 92,435 shares of company stock worth $8,987,931 over the last ninety days. Corporate insiders own 4.54% of the company's stock.

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.