Dimensional Fund Advisors LP Grows Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

Dimensional Fund Advisors LP lifted its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 2.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,323,982 shares of the company's stock after buying an additional 51,397 shares during the period. Dimensional Fund Advisors LP owned about 5.24% of Signet Jewelers worth $249,272,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of SIG. SummerHaven Investment Management LLC lifted its stake in shares of Signet Jewelers by 1.1% in the 4th quarter. SummerHaven Investment Management LLC now owns 10,163 shares of the company's stock valued at $1,090,000 after acquiring an additional 106 shares during the last quarter. Hexagon Capital Partners LLC raised its position in Signet Jewelers by 37.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 470 shares of the company's stock valued at $50,000 after purchasing an additional 127 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Signet Jewelers by 1.8% during the third quarter. Arizona State Retirement System now owns 12,282 shares of the company's stock valued at $882,000 after purchasing an additional 215 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Signet Jewelers by 8.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,492 shares of the company's stock worth $251,000 after purchasing an additional 261 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in shares of Signet Jewelers by 1.6% in the fourth quarter. Yousif Capital Management LLC now owns 23,001 shares of the company's stock valued at $2,467,000 after buying an additional 362 shares during the period.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock traded up $1.75 during trading hours on Tuesday, reaching $101.19. The company's stock had a trading volume of 495,206 shares, compared to its average volume of 714,590. The company has a market capitalization of $4.50 billion, a P/E ratio of 6.75, a P/E/G ratio of 1.14 and a beta of 2.15. The stock's fifty day simple moving average is $98.07 and its two-hundred day simple moving average is $95.76. Signet Jewelers Limited has a one year low of $57.10 and a one year high of $109.17.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, topping the consensus estimate of $6.33 by $0.40. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.55 billion. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The company's quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $5.52 earnings per share. As a group, research analysts forecast that Signet Jewelers Limited will post 10.6 earnings per share for the current year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 26th will be issued a $0.29 dividend. The ex-dividend date is Thursday, April 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.15%. This is an increase from Signet Jewelers's previous quarterly dividend of $0.23. Signet Jewelers's dividend payout ratio is currently 7.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SIG shares. Telsey Advisory Group boosted their target price on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a "market perform" rating in a report on Thursday, April 4th. Bank of America reduced their price objective on shares of Signet Jewelers from $110.00 to $100.00 and set a "neutral" rating on the stock in a research note on Thursday, March 21st. UBS Group raised their price target on shares of Signet Jewelers from $128.00 to $152.00 and gave the stock a "buy" rating in a report on Thursday, April 4th. Finally, StockNews.com lowered shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Saturday, April 27th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Signet Jewelers presently has an average rating of "Hold" and a consensus price target of $120.20.

Insider Activity at Signet Jewelers

In other news, CAO Vincent Ciccolini sold 4,000 shares of the business's stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $101.64, for a total value of $406,560.00. Following the transaction, the chief accounting officer now owns 46,076 shares in the company, valued at approximately $4,683,164.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CAO Vincent Ciccolini sold 4,000 shares of the firm's stock in a transaction on Friday, April 26th. The stock was sold at an average price of $101.64, for a total transaction of $406,560.00. Following the completion of the sale, the chief accounting officer now directly owns 46,076 shares of the company's stock, valued at approximately $4,683,164.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director H. Todd Stitzer sold 10,000 shares of the business's stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $100.09, for a total transaction of $1,000,900.00. Following the completion of the transaction, the director now directly owns 41,678 shares in the company, valued at $4,171,551.02. The disclosure for this sale can be found here. Insiders have sold 51,254 shares of company stock valued at $5,075,854 over the last ninety days. Corporate insiders own 4.54% of the company's stock.

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.