Integrated Quantitative Investments LLC Purchases Shares of 3,400 Signet Jewelers Limited (NYSE:SIG)

Integrated Quantitative Investments LLC acquired a new position in Signet Jewelers Limited (NYSE:SIG) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 3,400 shares of the company’s stock, valued at approximately $274,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SIG. Smartleaf Asset Management LLC boosted its holdings in Signet Jewelers by 149.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock worth $57,000 after buying an additional 421 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Signet Jewelers by 32.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company’s stock valued at $123,000 after acquiring an additional 410 shares during the last quarter. KBC Group NV boosted its stake in shares of Signet Jewelers by 34.6% during the 4th quarter. KBC Group NV now owns 1,740 shares of the company’s stock worth $140,000 after acquiring an additional 447 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Signet Jewelers in the 3rd quarter worth $210,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Signet Jewelers during the third quarter worth $225,000.

Insider Activity

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction that occurred on Friday, February 21st. The shares were 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 directly owns 22,752 shares in the company, valued at $1,231,565.76. The trade was a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Kevin Symancyk bought 15,000 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was acquired at an average cost of $57.45 per share, with a total value of $861,750.00. Following the completion of the transaction, the chief executive officer now directly owns 50,710 shares of the company’s stock, valued at approximately $2,913,289.50. This represents a 42.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.26% of the stock is owned by corporate insiders.

Signet Jewelers Stock Performance

Shares of SIG opened at $54.75 on Friday. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $112.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. The company has a market capitalization of $2.35 billion, a PE ratio of 6.30, a PEG ratio of 3.43 and a beta of 1.63. The company’s 50 day moving average price is $54.31 and its 200 day moving average price is $76.63.

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

Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be paid 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 dividend on an annualized basis and a dividend yield of 2.34%. Signet Jewelers’s dividend payout ratio (DPR) is -168.42%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SIG. Wells Fargo & Company dropped their price target on Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating on the stock 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. Telsey Advisory Group restated a “market perform” rating and set a $55.00 price target on shares of Signet Jewelers in a report on Wednesday, March 19th. Bank of America decreased their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, UBS Group boosted their target price 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.60.

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.