State of Tennessee Department of Treasury Has $864,000 Stock Position in Signet Jewelers Limited (NYSE:SIG)

State of Tennessee Department of Treasury decreased its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 48.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,708 shares of the company's stock after selling 10,091 shares during the quarter. State of Tennessee Department of Treasury's holdings in Signet Jewelers were worth $864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SIG. Cooper Creek Partners Management LLC boosted its position in Signet Jewelers by 1,046.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company's stock worth $152,495,000 after acquiring an additional 1,724,592 shares during the last quarter. Norges Bank acquired a new position in Signet Jewelers during the fourth quarter worth $40,989,000. American Century Companies Inc. grew its position in Signet Jewelers by 18.9% in the fourth quarter. American Century Companies Inc. now owns 1,150,441 shares of the company's stock valued at $92,852,000 after purchasing an additional 182,948 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 acquiring an additional 139,109 shares during the last quarter. Finally, Bridgewater Associates LP raised its stake in shares of Signet Jewelers by 338.8% during the 4th quarter. Bridgewater Associates LP now owns 137,472 shares of the company's stock worth $11,095,000 after purchasing an additional 106,141 shares in the last quarter.

Insider Buying and Selling at Signet Jewelers

In related news, CEO James Kevin Symancyk purchased 15,000 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average cost of $57.45 per share, with a total value of $861,750.00. Following the acquisition, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Eugenia Ulasewicz sold 3,333 shares of the firm'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 transaction 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 represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.26% of the company's stock.

Analyst Upgrades and Downgrades

SIG has been the subject of a number of analyst reports. UBS Group lifted 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. Bank of America decreased their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $55.00 target price on shares of Signet Jewelers in a report on Wednesday, March 19th. Wells Fargo & Company cut their price objective on shares of Signet Jewelers from $70.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Finally, Cfra Research raised Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Signet Jewelers currently has a consensus rating of "Hold" and a consensus target price of $78.00.

Signet Jewelers Price Performance

NYSE:SIG traded down $0.09 during trading hours on Tuesday, reaching $60.84. 787,522 shares of the company were exchanged, compared to its average volume of 1,154,792. The business has a 50 day moving average of $55.13 and a 200 day moving average of $70.02. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $112.06. 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 company has a market capitalization of $2.61 billion, a P/E ratio of 7.00, a P/E/G ratio of 3.43 and a beta of 1.34.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results 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. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the prior year, the firm posted $6.73 EPS. Signet Jewelers's quarterly revenue was down 5.8% on a year-over-year basis. Research analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be given a dividend of $0.32 per share. This is a positive change from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 25th. This represents a $1.28 annualized dividend and a dividend yield of 2.10%. Signet Jewelers's dividend payout ratio (DPR) 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.