Greenleaf Trust Purchases Shares of 1,879 Signet Jewelers Limited (NYSE:SIG)

Greenleaf Trust bought a new stake in shares of Signet Jewelers Limited (NYSE:SIG) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,879 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Illinois Municipal Retirement Fund bought a new stake in Signet Jewelers during the 3rd quarter valued at $1,905,000. Vaughan Nelson Investment Management L.P. increased 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 valued at $42,300,000 after acquiring an additional 118,275 shares during the period. William Blair Investment Management LLC increased its holdings in shares of Signet Jewelers by 7.2% in the 3rd quarter. William Blair Investment Management LLC now owns 585,383 shares of the company’s stock valued at $42,036,000 after acquiring an additional 39,316 shares during the period. American Century Companies Inc. increased its holdings in shares of Signet Jewelers by 9.2% in the 3rd quarter. American Century Companies Inc. now owns 615,867 shares of the company’s stock valued at $44,225,000 after acquiring an additional 52,104 shares during the period. Finally, Procyon Advisors LLC purchased a new position in shares of Signet Jewelers in the 4th quarter valued at $255,000.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Telsey Advisory Group lifted their price target on Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, April 4th. Bank of America cut their price target on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Finally, UBS Group boosted 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus target price of $120.20.

Insiders Place Their Bets

In other Signet Jewelers news, insider Oded Edelman sold 7,911 shares of the stock in a transaction that occurred on 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 in the company, valued at $3,516,706.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Signet Jewelers news, insider Oded Edelman sold 7,911 shares of the stock in a transaction that occurred on 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 in the company, valued at $3,516,706.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director H. Todd Stitzer sold 10,000 shares of the stock in a transaction that occurred on 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 owns 41,678 shares in the company, valued at approximately $4,171,551.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,254 shares of company stock worth $4,669,294. 4.54% of the stock is owned by corporate insiders.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $99.74 on Friday. The business’s 50-day simple moving average is $99.78 and its two-hundred day simple moving average is $92.99. The company has a market cap of $4.42 billion, a PE ratio of 6.65, a PEG ratio of 1.16 and a beta of 2.13. Signet Jewelers Limited has a fifty-two week low of $57.10 and a fifty-two week high of $109.17.

Signet Jewelers (NYSE:SIG) last issued its 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 return on equity of 32.26% and a net margin of 11.30%. The firm 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 earned $5.52 earnings per share. The company’s revenue was down 6.3% compared to the same quarter last year. As a group, analysts predict that Signet Jewelers Limited will post 10.6 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 26th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.16%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.23. 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.