2,823 Shares in Signet Jewelers Limited (NYSE:SIG) Bought by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new position in Signet Jewelers Limited (NYSE:SIG) in the fourth quarter, Holdings Channel.com reports. The firm purchased 2,823 shares of the company’s stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SIG. Channel Wealth LLC bought a new position in shares of Signet Jewelers in the fourth quarter worth about $215,000. Laidlaw Wealth Management LLC bought a new position in Signet Jewelers in the 3rd quarter worth approximately $216,000. Simon Quick Advisors LLC bought a new position in Signet Jewelers in the 3rd quarter worth approximately $227,000. GW Henssler & Associates Ltd. purchased a new stake in Signet Jewelers during the 3rd quarter valued at approximately $234,000. Finally, Pathstone Family Office LLC bought a new stake in shares of Signet Jewelers during the third quarter valued at approximately $242,000.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, insider William Brace sold 3,000 shares of Signet Jewelers 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 completion of the transaction, the insider now directly owns 75,664 shares of the company’s stock, valued at $7,490,736. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director H. Todd Stitzer sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $102.41, for a total value of $512,050.00. Following the sale, the director now directly owns 56,678 shares in the company, valued at $5,804,393.98. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 value of $297,000.00. Following the transaction, the insider now owns 75,664 shares of the company’s stock, valued at approximately $7,490,736. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,254 shares of company stock worth $4,669,294. Company insiders own 4.54% of the company’s stock.

Analyst Upgrades and Downgrades

SIG has been the subject of several research analyst reports. Telsey Advisory Group raised their target price 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. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Saturday. 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 report on Thursday, April 4th. Finally, Bank of America dropped their price target on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Signet Jewelers currently has a consensus rating of “Hold” and an average price target of $120.20.

Signet Jewelers Stock Up 2.1 %

Signet Jewelers stock opened at $101.80 on Friday. The company’s 50-day moving average price is $99.57 and its 200-day moving average price is $93.39. The company has a market cap of $4.51 billion, a PE ratio of 6.79, a price-to-earnings-growth ratio of 1.18 and a beta of 2.13. Signet Jewelers Limited has a twelve month low of $57.10 and a twelve month high of $109.17.

Signet Jewelers (NYSE:SIG) last released its quarterly 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. 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 during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the business posted $5.52 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. As a group, sell-side analysts expect 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. Stockholders of record on Friday, April 26th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, April 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.14%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s payout ratio is currently 7.74%.

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.