Signet Jewelers Limited (NYSE:SIG) Shares Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP raised its position in Signet Jewelers Limited (NYSE:SIG) by 463.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,478 shares of the company’s stock after acquiring an additional 64,554 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Signet Jewelers were worth $6,334,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in shares of Signet Jewelers by 149.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock valued at $57,000 after purchasing an additional 421 shares during the period. CIBC Private Wealth Group LLC boosted its position in Signet Jewelers by 32.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company’s stock valued at $123,000 after buying an additional 410 shares during the last quarter. KBC Group NV grew its stake in shares of Signet Jewelers by 34.6% during the fourth quarter. KBC Group NV now owns 1,740 shares of the company’s stock valued at $140,000 after acquiring an additional 447 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Signet Jewelers during the third quarter worth about $210,000. Finally, HighTower Advisors LLC acquired a new position in shares of Signet Jewelers in the third quarter worth about $225,000.

Insider Buying and Selling

In other Signet Jewelers news, CEO James Kevin Symancyk purchased 15,000 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was bought at an average price of $57.45 per share, with a total value of $861,750.00. Following the completion of the purchase, the chief executive officer now owns 50,710 shares in the company, valued at $2,913,289.50. This trade represents a 42.01 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction of $180,415.29. Following the completion of the sale, the director now directly owns 22,752 shares of the company’s stock, valued at $1,231,565.76. The trade was a 12.78 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Bank of America lowered their price objective on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Telsey Advisory Group restated a “market perform” rating and issued a $55.00 price target on shares of Signet Jewelers in a research note on Wednesday, March 19th. UBS Group increased their price objective on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Cfra Research raised shares of Signet Jewelers to a “moderate buy” rating in a research report on Thursday, March 20th. Finally, Wells Fargo & Company decreased their price target on Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.60.

Signet Jewelers Trading Up 0.1 %

Shares of NYSE SIG opened at $54.75 on Friday. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $112.06. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 6.30, a price-to-earnings-growth ratio of 3.43 and a beta of 1.63. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The stock’s 50 day simple moving average is $54.31 and its 200 day simple moving average is $76.63.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.39 by $0.23. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the business posted $6.73 earnings per share. Equities research analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, April 25th. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 2.34%. Signet Jewelers’s payout ratio is currently -168.42%.

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.