Cerity Partners LLC Makes New Investment in Signet Jewelers Limited (NYSE:SIG)

Cerity Partners LLC bought a new position in Signet Jewelers Limited (NYSE:SIG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,643 shares of the company’s stock, valued at approximately $498,000.

A number of other hedge funds have also added to or reduced their stakes in SIG. Ronald Blue Trust Inc. grew its stake in Signet Jewelers by 187.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 494 shares of the company’s stock worth $35,000 after acquiring an additional 322 shares in the last quarter. Channel Wealth LLC bought a new position in Signet Jewelers in the 4th quarter worth about $215,000. Laidlaw Wealth Management LLC purchased a new stake in shares of Signet Jewelers in the 3rd quarter worth approximately $216,000. Simon Quick Advisors LLC purchased a new stake in shares of Signet Jewelers in the 3rd quarter worth approximately $227,000. Finally, GW Henssler & Associates Ltd. purchased a new stake in shares of Signet Jewelers in the 3rd quarter worth approximately $234,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SIG. Bank of America lowered their price target on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. Telsey Advisory Group upped their price target on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, April 4th. UBS Group upped their price target on shares of Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, StockNews.com raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $120.20.

Signet Jewelers Trading Down 2.5 %

Shares of Signet Jewelers stock opened at $98.57 on Thursday. Signet Jewelers Limited has a 12-month low of $57.10 and a 12-month high of $109.17. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 1.18 and a beta of 2.13. The firm’s 50 day simple moving average is $99.91 and its two-hundred day simple moving average is $92.95.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.33 by $0.40. Signet Jewelers had a net margin of 11.30% and a return on equity of 32.26%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the business posted $5.52 EPS. Signet Jewelers’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, sell-side analysts predict that Signet Jewelers Limited will post 10.6 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 26th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.18%. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s dividend payout ratio is presently 6.14%.

Insider Transactions at Signet Jewelers

In other news, Director H. Todd Stitzer sold 10,000 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $100.09, for a total value of $1,000,900.00. Following the sale, the director now owns 41,678 shares in the company, valued at $4,171,551.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Joan M. Hilson sold 8,000 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $99.00, for a total transaction of $792,000.00. Following the sale, the insider now owns 207,733 shares in the company, valued at $20,565,567. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director H. Todd Stitzer sold 10,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $100.09, for a total transaction of $1,000,900.00. Following the sale, the director now owns 41,678 shares in the company, valued at approximately $4,171,551.02. The disclosure for this sale can be found here. Insiders have sold 55,254 shares of company stock worth $5,461,294 over the last 90 days. 4.54% of the stock is currently owned by company insiders.

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.