6,000 Shares in Signet Jewelers Limited (NYSE:SIG) Acquired by Shay Capital LLC

Shay Capital LLC bought a new position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,000 shares of the company's stock, valued at approximately $484,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SIG. ProShare Advisors LLC boosted its position in shares of Signet Jewelers by 42.8% in the fourth quarter. ProShare Advisors LLC now owns 12,776 shares of the company's stock valued at $1,031,000 after acquiring an additional 3,829 shares during the period. Man Group plc boosted its position in shares of Signet Jewelers by 112.9% in the fourth quarter. Man Group plc now owns 5,338 shares of the company's stock valued at $431,000 after acquiring an additional 2,831 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Signet Jewelers by 1.6% in the fourth quarter. Nuveen Asset Management LLC now owns 339,872 shares of the company's stock valued at $27,431,000 after acquiring an additional 5,318 shares during the period. Lazard Asset Management LLC boosted its position in shares of Signet Jewelers by 46.2% in the fourth quarter. Lazard Asset Management LLC now owns 15,072 shares of the company's stock valued at $1,216,000 after acquiring an additional 4,760 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Signet Jewelers by 37.4% in the fourth quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company's stock valued at $85,155,000 after acquiring an additional 286,974 shares during the period.

Signet Jewelers Price Performance

Shares of SIG stock traded up $1.86 on Tuesday, reaching $64.45. The company had a trading volume of 1,200,258 shares, compared to its average volume of 1,175,698. The stock has a market capitalization of $2.76 billion, a PE ratio of 7.42, a price-to-earnings-growth ratio of 3.43 and a beta of 1.34. 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 one year low of $45.55 and a one year high of $112.06. The business's 50-day moving average is $58.34 and its 200 day moving average is $68.06.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.39 by $0.23. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the business earned $6.73 EPS. Equities research analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be given a dividend of $0.32 per share. This is an increase from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.28 annualized dividend and a dividend yield of 1.99%. Signet Jewelers's dividend payout ratio (DPR) is -168.42%.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction of $180,415.29. Following the transaction, the director now directly owns 22,752 shares in the company, valued at approximately $1,231,565.76. This trade represents a 12.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Helen Mccluskey acquired 1,700 shares of the company's stock in a transaction on Friday, April 25th. The shares were bought at an average price of $58.86 per share, for a total transaction of $100,062.00. Following the completion of the purchase, the director now owns 31,916 shares in the company, valued at approximately $1,878,575.76. This represents a 5.63% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SIG shares. CL King started coverage on shares of Signet Jewelers in a research report on Monday, May 5th. They issued a "buy" rating and a $80.00 target price for the company. Cfra Research raised shares of Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. Wells Fargo & Company increased their price objective on shares of Signet Jewelers from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. UBS Group increased their price objective on shares of Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $55.00 price objective on shares of Signet Jewelers in a research note on Wednesday, March 19th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $79.67.

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.