Strs Ohio Trims Stake in Signet Jewelers Limited (NYSE:SIG)

Strs Ohio lowered its position in Signet Jewelers Limited (NYSE:SIG) by 40.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,500 shares of the company’s stock after selling 5,700 shares during the period. Strs Ohio’s holdings in Signet Jewelers were worth $911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. boosted 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 worth $135,445,000 after acquiring an additional 349,771 shares in the last quarter. FMR LLC boosted its position in shares of Signet Jewelers by 8.4% in the 3rd quarter. FMR LLC now owns 1,201,134 shares of the company’s stock worth $86,253,000 after purchasing an additional 93,136 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Signet Jewelers by 26.6% in the 3rd quarter. Brown Advisory Inc. now owns 719,186 shares of the company’s stock worth $51,645,000 after buying an additional 151,121 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Signet Jewelers by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 627,087 shares of the company’s stock valued at $45,031,000 after buying an additional 18,359 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Signet Jewelers by 9.2% during the third quarter. American Century Companies Inc. now owns 615,867 shares of the company’s stock valued at $44,225,000 after buying an additional 52,104 shares during the last quarter.

Insider Activity

In other Signet Jewelers news, Director H. Todd Stitzer sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $100.09, for a total value of $1,000,900.00. Following the transaction, the director now directly owns 41,678 shares of the company’s stock, valued at $4,171,551.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Signet Jewelers news, Director H. Todd Stitzer sold 10,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $100.09, for a total value of $1,000,900.00. Following the transaction, the director now directly owns 41,678 shares in the company, valued at $4,171,551.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William Brace sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $99.00, for a total transaction of $297,000.00. Following the sale, the insider now directly owns 75,664 shares of the company’s stock, valued at approximately $7,490,736. The disclosure for this sale can be found here. Insiders have sold 55,254 shares of company stock valued at $5,461,294 in the last ninety days. 4.54% of the stock is currently owned by company insiders.

Signet Jewelers Stock Performance

NYSE SIG opened at $98.57 on Thursday. Signet Jewelers Limited has a one year low of $57.10 and a one year high of $109.17. The stock has a 50-day moving average of $99.91 and a 200 day moving average of $92.95. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 1.19 and a beta of 2.13.

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

Signet Jewelers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, April 25th. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. Signet Jewelers’s payout ratio is currently 6.14%.

Wall Street Analysts Forecast Growth

SIG has been the topic of a number of recent research reports. UBS Group increased their target price on Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Telsey Advisory Group raised 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 note on Thursday, April 4th. Bank of America decreased their target price on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Finally, StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.20.

Signet Jewelers Company 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.