Signet Jewelers Limited (NYSE:SIG) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 224.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,444 shares of the company's stock after purchasing an additional 75,688 shares during the period. Wells Fargo & Company MN owned approximately 0.25% of Signet Jewelers worth $8,833,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. 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 purchasing an additional 421 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Signet Jewelers by 32.9% in the 4th 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 raised its stake in Signet Jewelers by 34.6% in the 4th quarter. KBC Group NV now owns 1,740 shares of the company's stock worth $140,000 after acquiring an additional 447 shares during the last quarter. Virtu Financial LLC acquired a new stake in Signet Jewelers during the 3rd quarter worth about $210,000. Finally, HighTower Advisors LLC acquired a new stake in Signet Jewelers during the 3rd quarter worth about $225,000.

Insiders Place Their Bets

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Kevin Symancyk purchased 15,000 shares of the company's stock in a transaction dated Monday, March 31st. The stock was purchased at an average cost of $57.45 per share, with a total value of $861,750.00. Following the purchase, the chief executive officer now owns 50,710 shares in the company, valued at approximately $2,913,289.50. This trade represents a 42.01 % 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.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Bank of America cut their price objective on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $70.00 price objective (down from $80.00) on shares of Signet Jewelers in a report on Tuesday, April 8th. UBS Group upped their price target 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. Cfra Research raised Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $55.00 price target on shares of Signet Jewelers in a report on Wednesday, March 19th. Four 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 an average rating of "Hold" and an average price target of $79.60.

Signet Jewelers Price Performance

SIG traded up $3.53 during midday trading on Wednesday, hitting $59.72. 445,478 shares of the company traded hands, compared to its average volume of 1,678,863. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 6.87, a PEG ratio of 3.43 and a beta of 1.63. The business has a 50 day simple moving average of $54.04 and a two-hundred day simple moving average of $72.69. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. Signet Jewelers Limited has a 52-week low of $45.55 and a 52-week 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 analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.33 billion. During the same quarter in the prior year, the firm earned $6.73 earnings per share. The business's revenue was down 5.8% compared to the same quarter last year. On average, equities 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 disclosed 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 annualized dividend and a yield of 2.14%. The ex-dividend date is Friday, April 25th. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's dividend payout ratio is currently -168.42%.

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.