Signet Jewelers Limited (NYSE:SIG) is Khrom Capital Management LLC's 3rd Largest Position

Khrom Capital Management LLC raised its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 24.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,149,682 shares of the company's stock after acquiring an additional 224,339 shares during the period. Signet Jewelers makes up about 10.5% of Khrom Capital Management LLC's portfolio, making the stock its 3rd biggest holding. Khrom Capital Management LLC owned approximately 2.64% of Signet Jewelers worth $92,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. HighTower Advisors LLC acquired a new position in Signet Jewelers during the third quarter valued at approximately $225,000. Virtu Financial LLC acquired a new position in shares of Signet Jewelers during the 3rd quarter worth $210,000. Franklin Resources Inc. lifted its position in shares of Signet Jewelers by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 34,122 shares of the company's stock worth $3,330,000 after buying an additional 288 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Signet Jewelers by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 310,852 shares of the company's stock valued at $32,061,000 after buying an additional 3,238 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Signet Jewelers by 36.3% during the fourth quarter. Nordea Investment Management AB now owns 132,070 shares of the company's stock worth $10,704,000 after acquiring an additional 35,174 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SIG shares. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $70.00 price target (down from $80.00) on shares of Signet Jewelers in a report on Tuesday, April 8th. Telsey Advisory Group reiterated a "market perform" rating and set a $55.00 price target on shares of Signet Jewelers in a report on Wednesday, March 19th. UBS Group increased their price target on Signet Jewelers from $85.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Bank of America reduced their price objective on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Finally, Cfra Research upgraded 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 given a buy rating to the company. According to MarketBeat, Signet Jewelers currently has an average rating of "Hold" and an average price target of $79.60.

Signet Jewelers Trading Down 0.0 %

Shares of NYSE SIG traded down $0.01 during trading on Friday, reaching $59.00. The company had a trading volume of 675,381 shares, compared to its average volume of 1,156,256. The stock has a market cap of $2.53 billion, a P/E ratio of 6.79, a PEG ratio of 3.43 and a beta of 1.63. The company's fifty day moving average price is $54.26 and its 200-day moving average price is $71.84. 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.

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

Signet Jewelers Increases Dividend

The firm 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 $0.32 dividend. The ex-dividend date is Friday, April 25th. This is a positive change from Signet Jewelers's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 2.17%. Signet Jewelers's dividend payout ratio (DPR) is -168.42%.

Insider Activity

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of the sale, the director now directly owns 22,752 shares in the company, valued at $1,231,565.76. This trade represents a 12.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO James Kevin Symancyk purchased 15,000 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost of $57.45 per share, for a total transaction of $861,750.00. Following the completion of the purchase, the chief executive officer now owns 50,710 shares in the company, valued at $2,913,289.50. This trade represents a 42.01 % increase in their position. The disclosure for this purchase can be found here. 3.26% of the stock is owned by company insiders.

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.