Signet Jewelers Limited (NYSE:SIG) Shares Bought by Natixis Advisors L.P.

Natixis Advisors L.P. grew its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 46.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,514 shares of the company’s stock after acquiring an additional 23,926 shares during the period. Natixis Advisors L.P. owned about 0.17% of Signet Jewelers worth $8,099,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SIG. Pacer Advisors Inc. boosted its holdings in shares of Signet Jewelers by 38.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,262,773 shares of the company’s stock valued at $135,445,000 after buying an additional 349,771 shares during the period. FMR LLC boosted its holdings in shares of Signet Jewelers by 8.4% in the 3rd quarter. FMR LLC now owns 1,201,134 shares of the company’s stock valued at $86,253,000 after buying an additional 93,136 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Signet Jewelers by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 627,087 shares of the company’s stock valued at $45,031,000 after buying an additional 18,359 shares during the period. American Century Companies Inc. boosted its holdings in shares of Signet Jewelers by 9.2% in the 3rd quarter. American Century Companies Inc. now owns 615,867 shares of the company’s stock valued at $44,225,000 after buying an additional 52,104 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in shares of Signet Jewelers by 7.2% in the 3rd quarter. William Blair Investment Management LLC now owns 585,383 shares of the company’s stock valued at $42,036,000 after buying an additional 39,316 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SIG. Telsey Advisory Group lifted their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. UBS Group boosted 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, Bank of America dropped their price target on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $120.20.

Signet Jewelers Price Performance

NYSE SIG opened at $94.56 on Thursday. The company’s 50 day simple moving average is $98.22 and its 200 day simple moving average is $94.79. Signet Jewelers Limited has a 12 month low of $57.10 and a 12 month high of $109.17. The company has a market capitalization of $4.21 billion, a P/E ratio of 6.31, a PEG ratio of 1.11 and a beta of 2.15.

Signet Jewelers (NYSE:SIG) last released its earnings results on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, topping 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 the consensus estimate of $2.55 billion. During the same period in the previous year, the firm earned $5.52 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts anticipate that Signet Jewelers Limited will post 10.6 earnings per share for the current year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 26th will be given a $0.29 dividend. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.23. This represents a $1.16 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, April 25th. Signet Jewelers’s dividend payout ratio (DPR) is 7.74%.

Insider Transactions at Signet Jewelers

In other news, insider Oded Edelman sold 7,911 shares of Signet Jewelers stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $105.36, for a total value of $833,502.96. Following the transaction, the insider now directly owns 33,378 shares of the company’s stock, valued at $3,516,706.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Signet Jewelers news, insider Oded Edelman sold 7,911 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $105.36, for a total value of $833,502.96. Following the transaction, the insider now owns 33,378 shares in the company, valued at approximately $3,516,706.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William Brace sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $99.00, for a total transaction of $297,000.00. Following the completion of the transaction, the insider now owns 75,664 shares in the company, valued at approximately $7,490,736. The disclosure for this sale can be found here. Insiders have sold a total of 51,254 shares of company stock valued at $5,075,854 over the last ninety days. Corporate insiders own 4.54% of the company’s stock.

Signet Jewelers 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.