Select Equity Group L.P. Has $448.82 Million Stock Position in Signet Jewelers Limited (NYSE:SIG)

Select Equity Group L.P. lowered its position in Signet Jewelers Limited (NYSE:SIG - Free Report) by 21.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,560,915 shares of the company's stock after selling 1,510,096 shares during the quarter. Signet Jewelers accounts for about 1.8% of Select Equity Group L.P.'s holdings, making the stock its 21st largest position. Select Equity Group L.P. owned 12.79% of Signet Jewelers worth $448,821,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Grace & White Inc. NY raised its position in Signet Jewelers by 6.1% in the 4th quarter. Grace & White Inc. NY now owns 207,262 shares of the company's stock valued at $16,728,000 after purchasing an additional 11,900 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in Signet Jewelers by 22.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 61,568 shares of the company's stock valued at $4,969,000 after purchasing an additional 11,218 shares during the last quarter. Magnetar Financial LLC bought a new position in Signet Jewelers in the 4th quarter valued at $2,418,000. Norges Bank bought a new position in Signet Jewelers in the 4th quarter valued at $40,989,000. Finally, Van ECK Associates Corp raised its position in Signet Jewelers by 30.5% in the 4th quarter. Van ECK Associates Corp now owns 36,655 shares of the company's stock valued at $2,958,000 after purchasing an additional 8,574 shares during the last quarter.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction on Friday, February 21st. The shares were 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Helen Mccluskey purchased 1,700 shares of the business's stock in a transaction on Friday, April 25th. The stock was purchased at an average price of $58.86 per share, with a total value of $100,062.00. Following the purchase, the director now owns 31,916 shares of the company's stock, valued at approximately $1,878,575.76. The trade was a 5.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SIG shares. Cfra Research upgraded Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. CL King initiated coverage on Signet Jewelers in a research note on Monday, May 5th. They issued a "buy" rating and a $80.00 target price for the company. UBS Group lifted their target price on Signet Jewelers from $85.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Wells Fargo & Company lifted their target price on Signet Jewelers from $60.00 to $70.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $55.00 target price on shares of Signet Jewelers in a research note on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Signet Jewelers has an average rating of "Hold" and a consensus target price of $79.67.

Signet Jewelers Trading Up 3.0%

NYSE SIG 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's 50 day moving average is $58.34 and its 200-day moving average is $68.06. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 7.42, a PEG 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 52 week low of $45.55 and a 52 week high of $112.06.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $2.33 billion. During the same quarter in the prior year, the company posted $6.73 earnings per share. The firm's revenue was down 5.8% on a year-over-year basis. Equities analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Increases Dividend

The company 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 a boost from Signet Jewelers's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, April 25th. Signet Jewelers's dividend payout ratio is currently -168.42%.

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.