Eminence Capital LP Trims Position in Signet Jewelers Limited (NYSE:SIG)

Eminence Capital LP trimmed its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 838,901 shares of the company's stock after selling 11,724 shares during the period. Eminence Capital LP owned 1.93% of Signet Jewelers worth $67,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Signet Jewelers Stock Performance

NYSE:SIG traded down $0.37 during midday trading on Friday, reaching $64.38. The stock had a trading volume of 633,625 shares, compared to its average volume of 1,157,087. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.76 billion, a P/E ratio of 7.41, a P/E/G ratio of 3.43 and a beta of 1.34. The firm has a fifty day simple moving average of $56.20 and a two-hundred day simple moving average of $69.47. 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 issued 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 business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.73 earnings per share. On average, equities 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 $0.32 dividend. This is a boost 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 yield of 1.99%. Signet Jewelers's dividend payout ratio is presently -168.42%.

Analysts Set New Price Targets

Several brokerages have issued reports on SIG. Wells Fargo & Company dropped their price objective on Signet Jewelers from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. UBS Group raised their price target on Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Telsey Advisory Group reiterated a "market perform" rating and issued a $55.00 price objective on shares of Signet Jewelers in a research note on Wednesday, March 19th. CL King started coverage on shares of Signet Jewelers in a research report on Monday, May 5th. They set a "buy" rating and a $80.00 target price on the stock. Finally, Cfra Research upgraded shares of 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 three have given a buy rating to the stock. According to MarketBeat, Signet Jewelers presently has a consensus rating of "Hold" and a consensus price target of $78.00.

Insider Buying and Selling at Signet Jewelers

In related news, Director Helen Mccluskey acquired 1,700 shares of Signet Jewelers stock in a transaction that occurred on Friday, April 25th. The stock was purchased 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 directly owns 31,916 shares of the company's stock, valued at approximately $1,878,575.76. This trade represents a 5.63 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Kevin Symancyk bought 15,000 shares of the stock in a transaction on Monday, March 31st. The shares were bought at an average price of $57.45 per share, for a total transaction of $861,750.00. Following the completion of the transaction, the chief executive officer now directly owns 50,710 shares of the company's stock, 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 corporate insiders.

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.