Vanguard Personalized Indexing Management LLC Grows Stake in Signet Jewelers Limited (NYSE:SIG)

Vanguard Personalized Indexing Management LLC increased its holdings in Signet Jewelers Limited (NYSE:SIG) by 9.1% during the fourth quarter, Holdings Channel reports. The firm owned 3,809 shares of the company’s stock after acquiring an additional 317 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Signet Jewelers were worth $409,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in shares of Signet Jewelers by 28.2% in the fourth quarter. BNP Paribas Financial Markets now owns 65,723 shares of the company’s stock worth $7,049,000 after buying an additional 14,465 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of Signet Jewelers during the 3rd quarter valued at about $1,905,000. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Signet Jewelers by 42.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 394,365 shares of the company’s stock valued at $42,300,000 after purchasing an additional 118,275 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Signet Jewelers by 7.2% in the third quarter. William Blair Investment Management LLC now owns 585,383 shares of the company’s stock worth $42,036,000 after purchasing an additional 39,316 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Signet Jewelers by 9.2% in the third quarter. American Century Companies Inc. now owns 615,867 shares of the company’s stock worth $44,225,000 after buying an additional 52,104 shares in the last quarter.

Signet Jewelers Stock Performance

NYSE:SIG opened at $102.74 on Friday. The firm has a market capitalization of $4.57 billion, a PE ratio of 6.85, a PEG ratio of 1.12 and a beta of 2.15. The stock’s fifty day moving average is $98.55 and its 200 day moving average is $97.21. Signet Jewelers Limited has a fifty-two week low of $57.10 and a fifty-two week high of $109.17.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $5.52 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities analysts forecast that Signet Jewelers Limited will post 10.6 EPS for the current year.

Signet Jewelers Increases Dividend

The firm also recently announced 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 1.13%. Signet Jewelers’s dividend payout ratio is currently 7.74%.

Analyst Ratings Changes

SIG has been the subject of several research analyst reports. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. UBS Group raised their target price on shares of Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Bank of America decreased 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 note on Thursday, March 21st. Finally, Telsey Advisory Group lifted their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Signet Jewelers presently has a consensus rating of “Hold” and a consensus price target of $120.20.

Insider Transactions at Signet Jewelers

In related news, Director H. Todd Stitzer sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $102.41, for a total transaction of $512,050.00. Following the completion of the transaction, the director now owns 56,678 shares in the company, valued at approximately $5,804,393.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director H. Todd Stitzer sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $102.41, for a total value of $512,050.00. Following the transaction, the director now owns 56,678 shares of the company’s stock, valued at approximately $5,804,393.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider William Brace sold 3,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $7,490,736. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,254 shares of company stock worth $5,075,854. 3.26% 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.