Picton Mahoney Asset Management Takes $2.08 Million Position in Signet Jewelers Limited (NYSE:SIG)

Picton Mahoney Asset Management purchased a new position in Signet Jewelers Limited (NYSE:SIG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,355 shares of the company's stock, valued at approximately $2,075,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Eminence Capital LP purchased a new position in Signet Jewelers during the third quarter valued at $40,962,000. Pacer Advisors Inc. lifted its position in Signet Jewelers by 38.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,262,773 shares of the company's stock valued at $135,445,000 after purchasing an additional 349,771 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Signet Jewelers during the third quarter valued at $19,826,000. FMR LLC lifted its position in Signet Jewelers by 8.4% during the third quarter. FMR LLC now owns 1,201,134 shares of the company's stock valued at $86,253,000 after purchasing an additional 93,136 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Signet Jewelers by 9.2% during the third quarter. American Century Companies Inc. now owns 615,867 shares of the company's stock valued at $44,225,000 after purchasing an additional 52,104 shares in the last quarter.

Insider Buying and Selling

In related news, CAO Vincent Ciccolini sold 4,000 shares of Signet Jewelers stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $101.64, for a total value of $406,560.00. Following the completion of the transaction, the chief accounting officer now owns 46,076 shares in the company, valued at $4,683,164.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Vincent Ciccolini sold 4,000 shares of Signet Jewelers stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $101.64, for a total value of $406,560.00. Following the completion of the transaction, the chief accounting officer now owns 46,076 shares in the company, valued at $4,683,164.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mary Elizabeth Finn sold 5,431 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $89.53, for a total value of $486,237.43. Following the transaction, the insider now owns 60,416 shares of the company's stock, valued at approximately $5,409,044.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,254 shares of company stock worth $5,075,854. Corporate insiders own 4.54% of the company's stock.

Analyst Ratings Changes

SIG has been the topic of several analyst reports. StockNews.com downgraded Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Saturday, April 27th. Bank of America decreased their price target on Signet Jewelers from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Thursday, March 21st. UBS Group raised their price target on Signet Jewelers from $128.00 to $152.00 and gave the company a "buy" rating in a report on Thursday, April 4th. Finally, Telsey Advisory Group raised their price target on Signet Jewelers from $100.00 to $110.00 and gave the company a "market perform" rating in a report on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $120.20.

Signet Jewelers Price Performance

Shares of SIG stock traded up $1.24 during trading hours on Thursday, hitting $95.85. The stock had a trading volume of 503,951 shares, compared to its average volume of 719,614. Signet Jewelers Limited has a one year low of $57.10 and a one year high of $109.17. The stock's 50-day moving average price is $98.22 and its two-hundred day moving average price is $94.79. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 6.31, a PEG ratio of 1.11 and a beta of 2.15.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share (EPS) 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 firm had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the firm posted $5.52 earnings per share. The business's revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Signet Jewelers Limited will post 10.6 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be given a $0.29 dividend. The ex-dividend date is Thursday, April 25th. This represents a $1.16 annualized dividend and a yield of 1.21%. This is a positive change from Signet Jewelers's previous quarterly dividend of $0.23. Signet Jewelers's dividend payout ratio (DPR) is currently 7.74%.

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.