Signet Jewelers Limited (NYSE:SIG) Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC lowered its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 43.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 104,900 shares of the company’s stock after selling 80,350 shares during the quarter. Ceredex Value Advisors LLC’s holdings in Signet Jewelers were worth $11,252,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SIG. Belpointe Asset Management LLC raised its position in shares of Signet Jewelers by 67.9% in the first quarter. Belpointe Asset Management LLC now owns 403 shares of the company’s stock valued at $31,000 after buying an additional 163 shares during the last quarter. Quarry LP raised its position in shares of Signet Jewelers by 274.1% in the first quarter. Quarry LP now owns 404 shares of the company’s stock valued at $31,000 after buying an additional 296 shares during the last quarter. Ronald Blue Trust Inc. raised its position in shares of Signet Jewelers by 187.2% in the third quarter. Ronald Blue Trust Inc. now owns 494 shares of the company’s stock valued at $35,000 after buying an additional 322 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Signet Jewelers in the first quarter valued at approximately $51,000. Finally, Lazard Asset Management LLC grew its holdings in Signet Jewelers by 17.0% in the third quarter. Lazard Asset Management LLC now owns 1,374 shares of the company’s stock valued at $98,000 after purchasing an additional 200 shares during the period.

Analysts Set New Price Targets

SIG has been the subject of several research reports. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Bank of America decreased their price objective on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Telsey Advisory Group boosted their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Thursday. UBS Group upped their price target on shares of Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company upped their price target on shares of Signet Jewelers from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, December 22nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $120.20.

Signet Jewelers Trading Down 4.1 %

SIG stock opened at $101.73 on Monday. Signet Jewelers Limited has a one year low of $57.10 and a one year high of $109.17. The firm has a market capitalization of $4.51 billion, a PE ratio of 6.79, a P/E/G ratio of 1.20 and a beta of 2.13. The firm has a 50-day moving average of $100.48 and a two-hundred day moving average of $90.62.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results 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 business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.55 billion. Signet Jewelers had a net margin of 11.30% and a return on equity of 32.26%. The firm’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.52 earnings per share. On average, equities research analysts anticipate that Signet Jewelers Limited will post 10.61 earnings per share for the current year.

Signet Jewelers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.14%. The ex-dividend date is Thursday, April 25th. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s dividend payout ratio (DPR) is presently 6.14%.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, CEO Virginia Drosos sold 35,000 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $95.93, for a total transaction of $3,357,550.00. Following the transaction, the chief executive officer now owns 932,740 shares in the company, valued at $89,477,748.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Signet Jewelers news, CEO Virginia Drosos sold 35,000 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $95.93, for a total transaction of $3,357,550.00. Following the transaction, the chief executive officer now owns 932,740 shares in the company, valued at $89,477,748.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stash Ptak sold 750 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $100.36, for a total transaction of $75,270.00. Following the completion of the sale, the insider now owns 23,321 shares in the company, valued at approximately $2,340,495.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,435 shares of company stock valued at $8,987,931. 4.54% of the stock is currently owned by corporate insiders.

About Signet Jewelers

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.