Cambridge Investment Research Advisors Inc. Purchases Shares of 12,775 Signet Jewelers Limited (NYSE:SIG)

Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Signet Jewelers Limited (NYSE:SIGFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,775 shares of the company’s stock, valued at approximately $1,370,000.

Several other hedge funds have also modified their holdings of the company. SummerHaven Investment Management LLC lifted its position in shares of Signet Jewelers by 1.1% during the fourth quarter. SummerHaven Investment Management LLC now owns 10,163 shares of the company’s stock valued at $1,090,000 after buying an additional 106 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Signet Jewelers by 37.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock valued at $50,000 after buying an additional 127 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Signet Jewelers by 5.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock valued at $303,000 after buying an additional 156 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Signet Jewelers by 8.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,492 shares of the company’s stock valued at $251,000 after purchasing an additional 261 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Signet Jewelers by 1.6% in the 4th quarter. Yousif Capital Management LLC now owns 23,001 shares of the company’s stock valued at $2,467,000 after purchasing an additional 362 shares during the last quarter.

Insider Transactions at Signet Jewelers

In other news, insider William Brace sold 3,000 shares of the firm’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 sale, the insider now owns 75,664 shares of the company’s stock, valued at approximately $7,490,736. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Vincent Ciccolini sold 4,000 shares of Signet Jewelers stock in a transaction on Friday, April 26th. The shares were sold at an average price of $101.64, for a total value of $406,560.00. Following the sale, the chief accounting officer now owns 46,076 shares of the company’s stock, valued at approximately $4,683,164.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William Brace sold 3,000 shares of Signet Jewelers stock in a transaction 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 sale, the insider now directly 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 35,431 shares of company stock valued at $3,444,267 in the last 90 days. 3.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Telsey Advisory Group increased 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. Wells Fargo & Company increased their price objective on shares of Signet Jewelers from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday. Bank of America decreased their price objective 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. UBS Group increased their price objective on shares of Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $121.20.

Check Out Our Latest Research Report on Signet Jewelers

Signet Jewelers Trading Down 0.0 %

Shares of NYSE:SIG opened at $106.72 on Friday. Signet Jewelers Limited has a twelve month low of $57.10 and a twelve month high of $112.06. The company’s 50 day moving average is $100.34 and its 200 day moving average is $99.00. The company has a market cap of $4.75 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 1.19 and a beta of 2.12.

Signet Jewelers (NYSE:SIGGet Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share for the quarter, topping the consensus estimate of $6.33 by $0.40. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.55 billion. Signet Jewelers had a net margin of 11.30% and a return on equity of 32.26%. Signet Jewelers’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.52 EPS. Equities research analysts predict that Signet Jewelers Limited will post 10.6 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, April 26th were paid a dividend of $0.29 per share. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, April 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.09%. Signet Jewelers’s dividend payout ratio (DPR) is presently 7.74%.

Signet Jewelers Profile

(Free Report)

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.

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

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