Anomaly Capital Management LP Acquires 1,579,410 Shares of Signet Jewelers Limited (NYSE:SIG)

Anomaly Capital Management LP increased its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 862.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,762,523 shares of the company's stock after purchasing an additional 1,579,410 shares during the quarter. Signet Jewelers accounts for about 4.2% of Anomaly Capital Management LP's investment portfolio, making the stock its 10th largest holding. Anomaly Capital Management LP owned about 4.05% of Signet Jewelers worth $142,253,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new position in Signet Jewelers during the fourth quarter worth $255,000. Tower Research Capital LLC TRC lifted its stake in Signet Jewelers by 150.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,298 shares of the company's stock valued at $347,000 after buying an additional 2,582 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Signet Jewelers by 4.0% in the fourth quarter. MetLife Investment Management LLC now owns 25,618 shares of the company's stock valued at $2,068,000 after buying an additional 975 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Signet Jewelers by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,550,233 shares of the company's stock valued at $205,830,000 after buying an additional 139,109 shares during the last quarter. Finally, HAP Trading LLC bought a new stake in Signet Jewelers in the fourth quarter valued at $1,279,000.

Insider Buying and Selling

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 22,752 shares in the company, valued at approximately $1,231,565.76. This represents a 12.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Kevin Symancyk acquired 15,000 shares of the company's stock in a transaction on Monday, March 31st. The stock was bought at an average price of $57.45 per share, for a total transaction 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 position. The disclosure for this purchase can be found here. 3.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on SIG. Wells Fargo & Company reiterated an "equal weight" rating and issued a $70.00 target price (down from $80.00) on shares of Signet Jewelers in a research note on Tuesday, April 8th. Telsey Advisory Group reiterated a "market perform" rating and issued a $55.00 target price on shares of Signet Jewelers in a research note on Wednesday, March 19th. Cfra Research raised Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. 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 report on Wednesday, January 15th. Finally, UBS Group lifted their target price on Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $79.60.

Signet Jewelers Trading Down 0.0 %

NYSE SIG traded down $0.01 on Friday, hitting $59.00. 675,381 shares of the company were exchanged, compared to its average volume of 1,156,256. The company's 50 day moving average price is $54.26 and its 200-day moving average price is $71.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The firm has a market capitalization of $2.53 billion, a P/E ratio of 6.79, a price-to-earnings-growth ratio of 3.43 and a beta of 1.63. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $112.06.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.39 by $0.23. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.33 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The business's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.73 EPS. Analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently declared 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.17%. This is a positive change from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, April 25th. Signet Jewelers's dividend payout ratio is -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.