Ritholtz Wealth Management Takes $271,000 Position in Signet Jewelers Limited (NYSE:SIG)

Ritholtz Wealth Management acquired a new position in shares of Signet Jewelers Limited (NYSE:SIGFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,523 shares of the company’s stock, valued at approximately $271,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Procyon Advisors LLC purchased a new stake in Signet Jewelers during the 4th quarter valued at $255,000. Pacer Advisors Inc. boosted its stake in shares of Signet Jewelers by 38.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,262,773 shares of the company’s stock worth $135,445,000 after purchasing an additional 349,771 shares during the period. SG Americas Securities LLC bought a new position in Signet Jewelers during the 4th quarter valued at about $709,000. Ziegler Capital Management LLC lifted its stake in Signet Jewelers by 7.1% in the fourth quarter. Ziegler Capital Management LLC now owns 9,428 shares of the company’s stock worth $1,011,000 after purchasing an additional 629 shares during the last quarter. Finally, Channel Wealth LLC purchased a new position in shares of Signet Jewelers during the fourth quarter valued at approximately $215,000.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Citigroup upgraded shares of Signet Jewelers from a “neutral” rating to a “buy” rating and upped their price target for the stock from $93.00 to $119.00 in a report on Wednesday, December 6th. Wells Fargo & Company lifted their price objective 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. Telsey Advisory Group dropped their target price on shares of Signet Jewelers from $105.00 to $100.00 and set a “market perform” rating on the stock in a research note on Thursday, March 21st. Finally, UBS Group decreased their price target on shares of Signet Jewelers from $138.00 to $134.00 and set a “buy” rating for the company in a research note on Tuesday, March 19th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Signet Jewelers currently has a consensus rating of “Hold” and a consensus target price of $114.60.

Read Our Latest Stock Report on SIG

Insider Buying and Selling

In other Signet Jewelers news, insider Stash Ptak sold 750 shares of Signet Jewelers stock in a transaction that occurred on Friday, January 12th. The shares were 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 directly owns 23,321 shares in the company, valued at approximately $2,340,495.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Signet Jewelers news, insider Stash Ptak sold 750 shares of Signet Jewelers stock in a transaction dated 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 transaction, the insider now owns 23,321 shares in the company, valued at approximately $2,340,495.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Virginia Drosos sold 35,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $95.93, for a total value of $3,357,550.00. Following the completion of the transaction, the chief executive officer now directly owns 932,740 shares of the company’s stock, valued at approximately $89,477,748.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,435 shares of company stock worth $8,987,931. 4.54% of the stock is owned by company insiders.

Signet Jewelers Stock Performance

NYSE:SIG opened at $95.08 on Wednesday. The stock has a market capitalization of $4.21 billion, a P/E ratio of 6.34, a P/E/G ratio of 1.30 and a beta of 2.13. The company’s 50-day simple moving average is $100.19 and its 200-day simple moving average is $90.01. Signet Jewelers Limited has a fifty-two week low of $57.10 and a fifty-two week high of $108.79.

Signet Jewelers (NYSE:SIGGet Free Report) last released its quarterly earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $0.40. The business had revenue of $2.50 billion for 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 business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $5.52 earnings per share. On average, research analysts forecast that Signet Jewelers Limited will post 9.65 EPS for the current year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be given a $0.29 dividend. The ex-dividend date is Thursday, April 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.22%. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s dividend payout ratio is currently 6.14%.

About Signet Jewelers

(Free Report)

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.

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Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

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