Signet Jewelers Limited (NYSE:SIG) Holdings Reduced by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 82.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,872 shares of the company's stock after selling 37,483 shares during the period. Envestnet Asset Management Inc.'s holdings in Signet Jewelers were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in Signet Jewelers by 149.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company's stock valued at $57,000 after buying an additional 421 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of 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 in the last quarter. KBC Group NV increased its stake in shares of Signet Jewelers by 34.6% during the fourth quarter. KBC Group NV now owns 1,740 shares of the company's stock valued at $140,000 after acquiring an additional 447 shares during the period. Virtu Financial LLC bought a new stake in Signet Jewelers during the third quarter worth approximately $210,000. Finally, Atria Investments Inc lifted its position in Signet Jewelers by 14.5% in the fourth quarter. Atria Investments Inc now owns 2,815 shares of the company's stock worth $227,000 after purchasing an additional 356 shares during the period.

Insider Activity

In other Signet Jewelers news, Director Helen Mccluskey bought 1,700 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was acquired at an average price of $58.86 per share, with a total value of $100,062.00. Following the completion of the transaction, the director now owns 31,916 shares in the company, valued at approximately $1,878,575.76. This trade represents a 5.63 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eugenia Ulasewicz sold 3,333 shares of the business's stock in a transaction dated Friday, February 21st. The stock was 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 in the company, valued at $1,231,565.76. This trade represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.26% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SIG. Bank of America lowered their price target 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. Telsey Advisory Group reiterated a "market perform" rating and issued a $55.00 price target on shares of Signet Jewelers in a research report on Wednesday, March 19th. UBS Group raised their price objective on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Wells Fargo & Company dropped their target price on shares of Signet Jewelers from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, Cfra Research upgraded shares of Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $77.60.

Signet Jewelers Trading Up 2.4 %

Shares of SIG stock opened at $61.29 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. The firm has a fifty day moving average of $54.96 and a 200-day moving average of $70.51. Signet Jewelers Limited has a 52-week low of $45.55 and a 52-week high of $112.06. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 7.05, a P/E/G ratio of 3.43 and a beta of 1.63.

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, topping the consensus estimate of $6.39 by $0.23. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the firm earned $6.73 EPS. The firm's quarterly revenue was down 5.8% compared to the same quarter last year. On average, equities research analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.09%. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 25th. Signet Jewelers's dividend payout ratio is presently -168.42%.

Signet Jewelers 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.

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