Signet Jewelers Limited (NYSE:SIG) Holdings Decreased by Arizona State Retirement System

Arizona State Retirement System trimmed its position in shares of Signet Jewelers Limited (NYSE:SIG) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,920 shares of the company’s stock after selling 362 shares during the period. Arizona State Retirement System’s holdings in Signet Jewelers were worth $1,279,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management bought a new position in Signet Jewelers during the fourth quarter valued at about $271,000. Procyon Advisors LLC bought a new position in Signet Jewelers during the fourth quarter valued at about $255,000. Pacer Advisors Inc. increased its stake in Signet Jewelers by 38.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,262,773 shares of the company’s stock valued at $135,445,000 after acquiring an additional 349,771 shares during the period. SG Americas Securities LLC bought a new position in Signet Jewelers during the fourth quarter valued at about $709,000. Finally, Ziegler Capital Management LLC increased its stake in Signet Jewelers by 7.1% during the fourth quarter. Ziegler Capital Management LLC now owns 9,428 shares of the company’s stock valued at $1,011,000 after acquiring an additional 629 shares during the period.

Insiders Place Their Bets

In other Signet Jewelers news, insider Oded Edelman sold 7,911 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $105.36, for a total transaction of $833,502.96. Following the completion of the transaction, the insider now owns 33,378 shares in the company, valued at approximately $3,516,706.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider William Brace sold 3,000 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $99.00, for a total transaction of $297,000.00. Following the completion of the transaction, the insider now directly owns 75,664 shares in the company, valued at approximately $7,490,736. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Oded Edelman sold 7,911 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $105.36, for a total transaction of $833,502.96. Following the transaction, the insider now owns 33,378 shares of the company’s stock, valued at $3,516,706.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,685 shares of company stock worth $8,912,661. Corporate insiders own 4.54% of the company’s stock.

Signet Jewelers Stock Performance

NYSE:SIG opened at $95.77 on Monday. The stock’s fifty day moving average price is $100.46 and its two-hundred day moving average price is $91.63. Signet Jewelers Limited has a 52-week low of $57.10 and a 52-week high of $109.17. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 6.39, a P/E/G ratio of 1.13 and a beta of 2.13.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $0.40. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the business posted $5.52 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. On average, equities analysts predict that Signet Jewelers Limited will post 10.6 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The company 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 dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, April 25th. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s dividend payout ratio is 7.74%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Bank of America lowered their price objective on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Wells Fargo & Company upped their price objective on Signet Jewelers from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, December 22nd. Telsey Advisory Group upped their price objective on Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. Finally, UBS Group upped their price objective on Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $120.20.

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.