Thrivent Financial for Lutherans Decreases Holdings in Signet Jewelers Limited (NYSE:SIG)

Thrivent Financial for Lutherans cut its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 27.7% in the 4th quarter, HoldingsChannel reports. The firm owned 111,825 shares of the company’s stock after selling 42,908 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Signet Jewelers were worth $9,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Grace & White Inc. NY increased its position in shares of Signet Jewelers by 6.1% during the 4th quarter. Grace & White Inc. NY now owns 207,262 shares of the company’s stock valued at $16,728,000 after purchasing an additional 11,900 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Signet Jewelers by 22.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 61,568 shares of the company’s stock valued at $4,969,000 after purchasing an additional 11,218 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Signet Jewelers by 30.5% during the 4th quarter. Van ECK Associates Corp now owns 36,655 shares of the company’s stock valued at $2,958,000 after purchasing an additional 8,574 shares during the last quarter. US Bancorp DE grew its stake in shares of Signet Jewelers by 99.6% during the 4th quarter. US Bancorp DE now owns 19,598 shares of the company’s stock worth $1,582,000 after acquiring an additional 9,778 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Signet Jewelers by 5.0% during the 4th quarter. Royce & Associates LP now owns 202,280 shares of the company’s stock worth $16,326,000 after acquiring an additional 9,559 shares during the period.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the sale, the director now owns 22,752 shares of the company’s stock, valued at $1,231,565.76. This trade represents a 12.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Bank of America cut their price target on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. UBS Group increased their price target on Signet Jewelers from $85.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday. Telsey Advisory Group reiterated a “market perform” rating and set a $55.00 price target on shares of Signet Jewelers in a research note on Wednesday. Wells Fargo & Company cut their price target on Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.60.

Signet Jewelers Stock Up 3.8 %

Shares of NYSE SIG opened at $58.46 on Friday. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $112.06. The business has a 50-day simple moving average of $54.52 and a two-hundred day simple moving average of $78.31. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The company has a market cap of $2.54 billion, a P/E ratio of 6.73, a P/E/G ratio of 3.43 and a beta of 2.20.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Wednesday, March 19th. The company reported $6.62 EPS 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 business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the company earned $6.73 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. Research analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.28 annualized dividend and a dividend yield of 2.19%. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.29. Signet Jewelers’s dividend payout ratio (DPR) is presently -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.