Schonfeld Strategic Advisors LLC Grows Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

Schonfeld Strategic Advisors LLC raised its position in shares of Signet Jewelers Limited (NYSE:SIG) by 2,648.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 304,021 shares of the company’s stock after buying an additional 292,961 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Signet Jewelers were worth $24,538,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SIG. Smartleaf Asset Management LLC boosted its holdings in 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. Sterling Capital Management LLC raised its position in Signet Jewelers by 832.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,362 shares of the company’s stock valued at $110,000 after purchasing an additional 1,216 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of 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 period. KBC Group NV grew its position 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 worth $140,000 after buying an additional 447 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Signet Jewelers during the third quarter worth approximately $210,000.

Insider Buying and Selling

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of the sale, the director now owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. This trade represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Helen Mccluskey bought 1,700 shares of Signet Jewelers stock in a transaction on Friday, April 25th. The stock was acquired at an average cost of $58.86 per share, with a total value of $100,062.00. Following the acquisition, the director now owns 31,916 shares of the company’s stock, valued at $1,878,575.76. This trade represents a 5.63 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.26% of the company’s stock.

Signet Jewelers Price Performance

SIG stock opened at $59.11 on Tuesday. 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 business has a 50 day simple moving average of $54.33 and a 200-day simple moving average of $71.41. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $112.06. The company has a market capitalization of $2.54 billion, a P/E ratio of 6.80, a PEG ratio of 3.43 and a beta of 1.63.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, topping the consensus estimate of $6.39 by $0.23. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period last year, the company earned $6.73 earnings per share. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be issued 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 2.17%. Signet Jewelers’s dividend payout ratio (DPR) is currently -168.42%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company restated an “equal weight” rating and set a $70.00 target price (down from $80.00) on shares of Signet Jewelers in a research note on Tuesday, April 8th. Bank of America cut their target price on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Cfra Research upgraded shares of Signet Jewelers to a “moderate buy” rating in a research note on Thursday, March 20th. Telsey Advisory Group reiterated a “market perform” rating and issued a $55.00 price target on shares of Signet Jewelers in a research note on Wednesday, March 19th. Finally, UBS Group increased their price objective on Signet Jewelers from $85.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Signet Jewelers currently has a consensus rating of “Hold” and a consensus price target of $79.60.

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.