Signet Jewelers Limited (NYSE:SIG) Stock Holdings Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in Signet Jewelers Limited (NYSE:SIG) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,856 shares of the company’s stock after selling 103 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Signet Jewelers were worth $843,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Signet Jewelers by 32.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,451 shares of the company’s stock worth $263,000 after purchasing an additional 596 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Signet Jewelers by 42.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 394,365 shares of the company’s stock worth $42,300,000 after purchasing an additional 118,275 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of Signet Jewelers in the 4th quarter worth approximately $271,000. Procyon Advisors LLC acquired a new stake in shares of Signet Jewelers during the fourth quarter valued at approximately $255,000. Finally, Pacer Advisors Inc. raised its holdings in shares of 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.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Bank of America cut their price target on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. UBS Group boosted their price objective on shares of Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Telsey Advisory Group boosted their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. Finally, StockNews.com raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.20.

Insider Buying and Selling

In related news, insider Joan M. Hilson sold 8,000 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $99.00, for a total transaction of $792,000.00. Following the completion of the sale, the insider now directly owns 207,733 shares of the company’s stock, valued at approximately $20,565,567. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Joan M. Hilson sold 8,000 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $99.00, for a total transaction of $792,000.00. Following the completion of the sale, the insider now directly owns 207,733 shares of the company’s stock, valued at approximately $20,565,567. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director H. Todd Stitzer sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $102.41, for a total transaction of $512,050.00. Following the sale, the director now directly owns 56,678 shares of the company’s stock, valued at $5,804,393.98. The disclosure for this sale can be found here. In the last three months, insiders sold 45,254 shares of company stock valued at $4,460,394. Company insiders own 4.54% of the company’s stock.

Signet Jewelers Stock Up 4.9 %

SIG stock opened at $100.16 on Tuesday. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 6.68, a P/E/G ratio of 1.13 and a beta of 2.13. Signet Jewelers Limited has a 12 month low of $57.10 and a 12 month high of $109.17. The firm has a 50 day moving average of $99.94 and a two-hundred day moving average of $92.72.

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

Signet Jewelers Increases Dividend

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

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.