Schonfeld Strategic Advisors LLC Raises Holdings in Signet Jewelers Limited (NYSE:SIG)

Schonfeld Strategic Advisors LLC grew its position in Signet Jewelers Limited (NYSE:SIG - Free Report) by 2,648.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 304,021 shares of the company's stock after buying an additional 292,961 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.70% of Signet Jewelers worth $24,538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SIG. Smartleaf Asset Management LLC raised its position in Signet Jewelers by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company's stock worth $57,000 after buying an additional 421 shares during the last quarter. Sterling Capital Management LLC increased its position in Signet Jewelers by 832.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,362 shares of the company's stock valued at $110,000 after acquiring an additional 1,216 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Signet Jewelers by 32.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company's stock valued at $123,000 after acquiring an additional 410 shares during the period. KBC Group NV boosted its position in Signet Jewelers by 34.6% in the fourth quarter. KBC Group NV now owns 1,740 shares of the company's stock worth $140,000 after purchasing an additional 447 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Signet Jewelers during the 3rd quarter valued at about $210,000.

Signet Jewelers Price Performance

SIG stock traded up $1.46 during midday trading on Friday, hitting $61.29. The company's stock had a trading volume of 685,495 shares, compared to its average volume of 1,156,921. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 3.43 and a beta of 1.63. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $112.06. The company has a 50 day moving average of $54.77 and a two-hundred day moving average of $70.99.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, beating the consensus estimate of $6.39 by $0.23. The company had revenue of $2.35 billion during 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%. Signet Jewelers's quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the company posted $6.73 earnings per share. On average, analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The firm 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 of this dividend is Friday, April 25th. This represents a $1.28 annualized dividend and a yield of 2.09%. This is a positive change from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's dividend payout ratio (DPR) is -168.42%.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group upped their target price on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Telsey Advisory Group reiterated 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 decreased their price objective on Signet Jewelers from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Bank of America cut their price objective on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Finally, Cfra Research upgraded shares of Signet Jewelers to a "moderate buy" rating in a research note on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $77.60.

Insiders Place Their Bets

In other news, CEO James Kevin Symancyk bought 15,000 shares of the stock in a transaction dated Monday, March 31st. The stock was purchased at an average price of $57.45 per share, for a total transaction of $861,750.00. Following the acquisition, the chief executive officer now owns 50,710 shares of the company's stock, valued at $2,913,289.50. The trade was a 42.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Helen Mccluskey acquired 1,700 shares of the firm's stock in a transaction on Friday, April 25th. The stock was purchased at an average cost of $58.86 per share, with a total value of $100,062.00. Following the purchase, the director now owns 31,916 shares of the company's stock, 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 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.