Wasatch Advisors LP Has $29.96 Million Stock Position in Signet Jewelers Limited (NYSE:SIG)

Wasatch Advisors LP reduced its position in Signet Jewelers Limited (NYSE:SIG) by 21.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 279,301 shares of the company’s stock after selling 77,567 shares during the period. Wasatch Advisors LP’s holdings in Signet Jewelers were worth $29,958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Swiss National Bank increased its position in shares of Signet Jewelers by 1.4% in the third quarter. Swiss National Bank now owns 94,800 shares of the company’s stock valued at $6,808,000 after acquiring an additional 1,300 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Signet Jewelers by 4.6% in the third quarter. Janney Montgomery Scott LLC now owns 10,135 shares of the company’s stock valued at $728,000 after acquiring an additional 450 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Signet Jewelers by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 627,087 shares of the company’s stock valued at $45,031,000 after acquiring an additional 18,359 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Signet Jewelers by 8.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,492 shares of the company’s stock valued at $251,000 after acquiring an additional 261 shares during the last quarter. Finally, Pathstone Family Office LLC acquired a new stake in shares of Signet Jewelers in the third quarter valued at about $242,000.

Signet Jewelers Stock Performance

Shares of SIG stock traded down $1.97 during trading on Tuesday, hitting $103.76. The company had a trading volume of 867,080 shares, compared to its average volume of 573,781. The firm has a market capitalization of $4.62 billion, a P/E ratio of 6.93, a price-to-earnings-growth ratio of 1.17 and a beta of 2.12. The stock’s 50-day moving average price is $100.46 and its 200 day moving average price is $99.41. Signet Jewelers Limited has a one year low of $57.10 and a one year high of $112.06.

Signet Jewelers (NYSE:SIG) last released its 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. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the company earned $5.52 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. On average, research analysts anticipate that Signet Jewelers Limited will post 10.6 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, April 26th were paid a dividend of $0.29 per share. The ex-dividend date was Thursday, April 25th. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.23. This represents a $1.16 annualized dividend and a yield of 1.12%. Signet Jewelers’s dividend payout ratio is presently 7.74%.

Insiders Place Their Bets

In other Signet Jewelers news, CAO Vincent Ciccolini sold 4,000 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $101.64, for a total transaction of $406,560.00. Following the completion of the sale, the chief accounting officer now directly owns 46,076 shares in the company, valued at $4,683,164.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Vincent Ciccolini sold 4,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $101.64, for a total value of $406,560.00. Following the completion of the sale, the chief accounting officer now directly owns 46,076 shares in the company, valued at $4,683,164.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director H. Todd Stitzer sold 5,000 shares of the business’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 completion of the transaction, the director now directly owns 56,678 shares in the company, valued at $5,804,393.98. The disclosure for this sale can be found here. Insiders sold 35,431 shares of company stock worth $3,444,267 over the last three months. Insiders own 3.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SIG shares. Wells Fargo & Company lifted their target price on Signet Jewelers from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, June 3rd. Telsey Advisory Group reissued a “market perform” rating and set a $110.00 price target on shares of Signet Jewelers in a research report on Friday. UBS Group upped their target price on Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Finally, Bank of America decreased their target price on 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Signet Jewelers currently has an average rating of “Hold” and a consensus target price of $121.20.

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.