Russell Investments Group Ltd. Sells 120,005 Shares of Signet Jewelers Limited (NYSE:SIG)

Russell Investments Group Ltd. decreased its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 75.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,638 shares of the company's stock after selling 120,005 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Signet Jewelers worth $3,118,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SIG. Norges Bank acquired a new stake in Signet Jewelers during the 4th quarter worth $40,989,000. American Century Companies Inc. boosted its position 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 purchasing an additional 182,948 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of Signet Jewelers by 33.2% during the fourth quarter. William Blair Investment Management LLC now owns 309,129 shares of the company's stock worth $24,950,000 after purchasing an additional 76,966 shares during the period. Wells Fargo & Company MN increased its holdings in Signet Jewelers by 224.2% in the fourth quarter. Wells Fargo & Company MN now owns 109,444 shares of the company's stock valued at $8,833,000 after purchasing an additional 75,688 shares during the last quarter. Finally, ExodusPoint Capital Management LP lifted its stake in Signet Jewelers by 463.6% in the fourth quarter. ExodusPoint Capital Management LP now owns 78,478 shares of the company's stock valued at $6,334,000 after buying an additional 64,554 shares during the period.

Insiders Place Their Bets

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

Signet Jewelers Stock Up 7.3 %

SIG traded up $3.84 during trading on Tuesday, reaching $56.25. The company had a trading volume of 1,186,889 shares, compared to its average volume of 1,149,377. The company has a market cap of $2.41 billion, a P/E ratio of 6.47, a PEG ratio of 3.43 and a beta of 1.63. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $112.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The business's fifty day moving average price is $54.04 and its 200 day moving average price is $72.69.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, beating the consensus estimate of $6.39 by $0.23. The business had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm's revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.73 EPS. Equities analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be paid a $0.32 dividend. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 25th. This represents a $1.28 annualized dividend and a yield of 2.28%. Signet Jewelers's payout ratio is presently -168.42%.

Wall Street Analyst Weigh In

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