8,916 Shares in Signet Jewelers Limited (NYSE:SIG) Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd bought a new position in shares of Signet Jewelers Limited (NYSE:SIG) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,916 shares of the company’s stock, valued at approximately $892,000.

A number of other institutional investors have also recently added to or reduced their stakes in SIG. Norges Bank bought a new stake in shares of Signet Jewelers in the 4th quarter valued at $52,976,000. Eminence Capital LP boosted its stake in shares of Signet Jewelers by 33.1% in the 4th quarter. Eminence Capital LP now owns 759,439 shares of the company’s stock valued at $81,457,000 after purchasing an additional 189,019 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Signet Jewelers by 42.8% in 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. Dimensional Fund Advisors LP lifted its position in shares of Signet Jewelers by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,323,982 shares of the company’s stock valued at $249,272,000 after acquiring an additional 51,397 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of Signet Jewelers during the 4th quarter valued at $3,638,000.

Signet Jewelers Price Performance

SIG stock traded up $0.81 during midday trading on Thursday, reaching $82.84. The company had a trading volume of 58,839 shares, compared to its average volume of 771,993. Signet Jewelers Limited has a 1 year low of $65.12 and a 1 year high of $112.06. The company has a market capitalization of $3.70 billion, a P/E ratio of 6.67, a P/E/G ratio of 0.91 and a beta of 2.16. The firm has a 50-day moving average price of $94.42 and a 200-day moving average price of $97.75.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, June 13th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The business’s quarterly revenue was down 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 EPS. On average, equities analysts predict that Signet Jewelers Limited will post 10.6 EPS for the current year.

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.40%. Signet Jewelers’s payout ratio is 9.43%.

Insider Transactions at Signet Jewelers

In other news, insider Rebecca Wooters sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $90.34, for a total value of $271,020.00. Following the completion of the sale, the insider now directly owns 90,494 shares in the company, valued at approximately $8,175,227.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Jamie Singleton sold 18,105 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $83.11, for a total transaction of $1,504,706.55. Following the completion of the sale, the insider now directly owns 162,942 shares in the company, valued at approximately $13,542,109.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Rebecca Wooters sold 3,000 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $90.34, for a total transaction of $271,020.00. Following the sale, the insider now owns 90,494 shares of the company’s stock, valued at $8,175,227.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,439 shares of company stock worth $3,905,479. 3.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SIG has been the topic of a number of research reports. UBS Group boosted their target price 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. Wells Fargo & Company upped their price objective on shares of Signet Jewelers from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Citigroup reiterated a “buy” rating and issued a $119.00 target price on shares of Signet Jewelers in a report on Friday, June 14th. Telsey Advisory Group restated a “market perform” rating and set a $105.00 price target on shares of Signet Jewelers in a research report on Wednesday. Finally, StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Signet Jewelers currently has an average rating of “Moderate Buy” and a consensus target price of $120.20.

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.