Shellback Capital LP Has $3.67 Million Holdings in Signet Jewelers Limited (NYSE:SIG)

Shellback Capital LP cut its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,441 shares of the company’s stock after selling 8,659 shares during the period. Shellback Capital LP owned about 0.10% of Signet Jewelers worth $3,668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. ProShare Advisors LLC grew its holdings in shares of Signet Jewelers by 42.8% during the fourth quarter. ProShare Advisors LLC now owns 12,776 shares of the company’s stock worth $1,031,000 after purchasing an additional 3,829 shares during the last quarter. Man Group plc grew its holdings in Signet Jewelers by 112.9% during the 4th quarter. Man Group plc now owns 5,338 shares of the company’s stock worth $431,000 after acquiring an additional 2,831 shares during the last quarter. Nuveen Asset Management LLC increased its position in Signet Jewelers by 1.6% in the 4th quarter. Nuveen Asset Management LLC now owns 339,872 shares of the company’s stock valued at $27,431,000 after acquiring an additional 5,318 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Signet Jewelers by 46.2% in the fourth quarter. Lazard Asset Management LLC now owns 15,072 shares of the company’s stock worth $1,216,000 after acquiring an additional 4,760 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Signet Jewelers by 37.4% in the fourth quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company’s stock worth $85,155,000 after acquiring an additional 286,974 shares during the last quarter.

Insider Transactions at Signet Jewelers

In related news, Director Helen Mccluskey acquired 1,700 shares of the stock in a transaction dated Friday, April 25th. The stock was bought at an average price of $58.86 per share, with a total value of $100,062.00. Following the completion of the transaction, the director now directly owns 31,916 shares of the company’s stock, valued at approximately $1,878,575.76. The trade was a 5.63% increase 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, CEO James Kevin Symancyk acquired 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average price of $57.45 per share, for a total transaction of $861,750.00. Following the completion of the acquisition, the chief executive officer now owns 50,710 shares of the company’s stock, valued at $2,913,289.50. This trade 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 currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on SIG. Telsey Advisory Group restated a “market perform” rating and issued a $55.00 price objective on shares of Signet Jewelers in a research report on Wednesday, March 19th. Cfra Research upgraded Signet Jewelers to a “moderate buy” rating in a research report on Thursday, March 20th. CL King began coverage on Signet Jewelers in a report on Monday, May 5th. They issued a “buy” rating and a $80.00 price target on the stock. Wells Fargo & Company boosted their price objective on Signet Jewelers from $60.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, UBS Group upped their target price on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Signet Jewelers has a consensus rating of “Hold” and an average target price of $79.67.

Signet Jewelers Price Performance

Signet Jewelers stock opened at $66.55 on Friday. The business has a 50-day moving average of $57.68 and a 200-day moving average of $68.78. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $112.06. The firm has a market capitalization of $2.85 billion, a P/E ratio of 7.66, a PEG ratio of 3.43 and a beta of 1.34. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14.

Signet Jewelers (NYSE:SIG) last posted its 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 net margin of 8.57% and a return on equity of 28.69%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period last year, the business posted $6.73 earnings per share. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, equities analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be issued a $0.32 dividend. 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 1.92%. The ex-dividend date is Friday, April 25th. Signet Jewelers’s dividend payout ratio is -168.42%.

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.