Russell Investments Group Ltd. Has $16.75 Million Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

Russell Investments Group Ltd. increased its position in Signet Jewelers Limited (NYSE:SIG) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 156,178 shares of the company’s stock after purchasing an additional 2,866 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.35% of Signet Jewelers worth $16,752,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SIG. Bailard Inc. bought a new stake in Signet Jewelers in the 4th quarter valued at $268,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Signet Jewelers during the 4th quarter worth about $64,000. Yousif Capital Management LLC boosted its holdings in shares of Signet Jewelers by 1.6% during the 4th quarter. Yousif Capital Management LLC now owns 23,001 shares of the company’s stock worth $2,467,000 after buying an additional 362 shares during the period. New York State Common Retirement Fund grew its stake in Signet Jewelers by 1.5% in the 4th quarter. New York State Common Retirement Fund now owns 36,272 shares of the company’s stock valued at $3,891,000 after buying an additional 523 shares during the last quarter. Finally, Duality Advisers LP bought a new position in Signet Jewelers in the 4th quarter valued at about $2,908,000.

Signet Jewelers Stock Performance

SIG opened at $94.35 on Friday. Signet Jewelers Limited has a 52-week low of $57.10 and a 52-week high of $109.17. The firm has a market cap of $4.18 billion, a P/E ratio of 6.29, a price-to-earnings-growth ratio of 1.15 and a beta of 2.15. The business’s fifty day moving average is $98.99 and its 200-day moving average is $94.02.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $6.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.33 by $0.40. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.55 billion. Signet Jewelers had a net margin of 11.30% and a return on equity of 32.26%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $5.52 earnings per share. On average, research analysts predict 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 will be paid on Friday, May 24th. Shareholders of record on Friday, April 26th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Thursday, April 25th. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s dividend payout ratio (DPR) is currently 7.74%.

Wall Street Analysts Forecast Growth

SIG has been the topic of several research reports. 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. UBS Group upped their price objective on Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, April 4th. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Finally, Telsey Advisory Group upped their price target on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $120.20.

Insider Activity

In related news, insider Oded Edelman sold 7,911 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $105.36, for a total value of $833,502.96. Following the sale, the insider now directly owns 33,378 shares of the company’s stock, valued at $3,516,706.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director H. Todd Stitzer sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was 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 approximately $5,804,393.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Oded Edelman sold 7,911 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $105.36, for a total value of $833,502.96. Following the sale, the insider now directly owns 33,378 shares in the company, valued at approximately $3,516,706.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,254 shares of company stock worth $5,075,854. Insiders own 4.54% of the company’s stock.

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.