Signet Jewelers Limited (NYSE:SIG) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in shares of Signet Jewelers Limited (NYSE:SIGFree Report) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,323,982 shares of the company’s stock after purchasing an additional 51,397 shares during the period. Dimensional Fund Advisors LP owned approximately 5.24% of Signet Jewelers worth $249,272,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Hexagon Capital Partners LLC increased its position in Signet Jewelers by 37.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock worth $50,000 after purchasing an additional 127 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Signet Jewelers in the 4th quarter worth about $64,000. Greenleaf Trust acquired a new stake in Signet Jewelers in the fourth quarter worth $202,000. Channel Wealth LLC acquired a new stake in shares of Signet Jewelers in the fourth quarter valued at approximately $215,000. Finally, Laidlaw Wealth Management LLC acquired a new stake in Signet Jewelers in the third quarter worth about $216,000.

Signet Jewelers Stock Up 2.6 %

Shares of SIG opened at $99.46 on Tuesday. The stock’s 50-day moving average price is $98.01 and its 200 day moving average price is $95.53. 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 $4.43 billion, a price-to-earnings ratio of 6.64, a P/E/G ratio of 1.14 and a beta of 2.15.

Signet Jewelers (NYSE:SIGGet Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share 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 firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the company earned $5.52 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. Equities research analysts expect that Signet Jewelers Limited will post 10.6 EPS 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 issued a $0.29 dividend. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. Signet Jewelers’s dividend payout ratio is presently 7.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Bank of America reduced their target price on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. UBS Group upped their target price on Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, Telsey Advisory Group upped their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, April 4th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Signet Jewelers currently has a consensus rating of “Hold” and a consensus price target of $120.20.

Check Out Our Latest Report on Signet Jewelers

Insider Buying and Selling

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

About Signet Jewelers

(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.

Featured Stories

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.