Walleye Capital LLC Increases Stake in Signet Jewelers Limited (NYSE:SIG)

Walleye Capital LLC increased its position in shares of Signet Jewelers Limited (NYSE:SIGGet Rating) by 17.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,307 shares of the company’s stock after buying an additional 2,395 shares during the period. Walleye Capital LLC’s holdings in Signet Jewelers were worth $1,186,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SIG. GSA Capital Partners LLP bought a new stake in Signet Jewelers during the fourth quarter valued at about $401,000. Fox Run Management L.L.C. bought a new stake in Signet Jewelers during the first quarter valued at about $247,000. Campbell & CO Investment Adviser LLC bought a new stake in Signet Jewelers during the first quarter valued at about $230,000. Cerity Partners LLC bought a new stake in Signet Jewelers during the first quarter valued at about $416,000. Finally, Qube Research & Technologies Ltd bought a new stake in Signet Jewelers during the fourth quarter valued at about $339,000. Hedge funds and other institutional investors own 97.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SIG. UBS Group lowered their price target on Signet Jewelers from $138.00 to $120.00 and set a “buy” rating for the company in a report on Friday, June 10th. Citigroup lowered their price target on Signet Jewelers from $76.00 to $65.00 in a report on Wednesday, August 10th. Telsey Advisory Group lowered their price target on Signet Jewelers from $85.00 to $72.00 and set a “market perform” rating for the company in a report on Wednesday, August 10th. Finally, StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $90.00.

Insider Activity at Signet Jewelers

In related news, insider Stephen E. Lovejoy sold 6,000 shares of Signet Jewelers stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $62.33, for a total transaction of $373,980.00. Following the completion of the transaction, the insider now directly owns 82,732 shares in the company, valued at $5,156,685.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.76% of the stock is owned by company insiders.

Signet Jewelers Trading Down 2.0 %

Signet Jewelers stock opened at $56.90 on Monday. The company has a quick ratio of 0.63, a current ratio of 1.77 and a debt-to-equity ratio of 0.11. Signet Jewelers Limited has a 52 week low of $48.31 and a 52 week high of $111.92. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 0.63 and a beta of 2.25. The stock has a 50-day moving average price of $61.66 and a 200 day moving average price of $64.89.

Signet Jewelers (NYSE:SIGGet Rating) last announced its quarterly earnings results on Thursday, September 1st. The company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Signet Jewelers had a return on equity of 49.72% and a net margin of 5.90%. Signet Jewelers’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the business earned $3.57 earnings per share. Sell-side analysts anticipate that Signet Jewelers Limited will post 11.2 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, October 28th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, October 27th. Signet Jewelers’s dividend payout ratio is currently 11.35%.

Signet Jewelers Company Profile

(Get Rating)

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 Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox.

Further Reading

Want to see what other hedge funds are holding SIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Signet Jewelers Limited (NYSE:SIGGet Rating).

Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

Receive News & Ratings for Signet Jewelers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers and related companies with MarketBeat.com's FREE daily email newsletter.