Allspring Global Investments Holdings LLC Has $263,000 Stock Position in Signet Jewelers Limited (NYSE:SIG)

Allspring Global Investments Holdings LLC grew its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 32.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,451 shares of the company’s stock after buying an additional 596 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Signet Jewelers were worth $263,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SIG. Raymond James & Associates increased its stake in shares of Signet Jewelers by 378.9% in the third quarter. Raymond James & Associates now owns 43,040 shares of the company’s stock valued at $3,091,000 after buying an additional 34,053 shares during the period. Simon Quick Advisors LLC acquired a new position in Signet Jewelers in the 3rd quarter valued at approximately $227,000. GW Henssler & Associates Ltd. acquired a new position in Signet Jewelers in the 3rd quarter valued at approximately $234,000. Brown Advisory Inc. raised its stake in shares of Signet Jewelers by 26.6% during the third quarter. Brown Advisory Inc. now owns 719,186 shares of the company’s stock valued at $51,645,000 after acquiring an additional 151,121 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of Signet Jewelers by 3.5% during the third quarter. New York State Teachers Retirement System now owns 82,221 shares of the company’s stock worth $5,904,000 after purchasing an additional 2,817 shares during the period.

Signet Jewelers Price Performance

NYSE SIG opened at $101.80 on Friday. The stock has a market capitalization of $4.51 billion, a P/E ratio of 6.79, a P/E/G ratio of 1.18 and a beta of 2.13. The business has a 50 day simple moving average of $99.57 and a 200 day simple moving average of $93.39. Signet Jewelers Limited has a one year low of $57.10 and a one year high of $109.17.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data 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 net margin of 11.30% and a return on equity of 32.26%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm posted $5.52 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts expect that Signet Jewelers Limited will post 10.6 earnings per share for the current year.

Signet Jewelers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 26th will be issued 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 a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s dividend payout ratio is currently 7.74%.

Insider Transactions at Signet Jewelers

In related news, insider Oded Edelman sold 7,912 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $100.87, for a total value of $798,083.44. Following the completion of the sale, the insider now directly owns 25,466 shares of the company’s stock, valued at approximately $2,568,755.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Signet Jewelers news, insider William Brace sold 3,000 shares of the company’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 transaction, the insider now owns 75,664 shares in the company, valued at $7,490,736. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Oded Edelman sold 7,912 shares of Signet Jewelers stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $100.87, for a total transaction of $798,083.44. Following the transaction, the insider now owns 25,466 shares of the company’s stock, valued at $2,568,755.42. The disclosure for this sale can be found here. Insiders have sold 47,254 shares of company stock valued at $4,669,294 in the last 90 days. 4.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Bank of America lowered their target price on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. UBS Group raised their price objective on Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Telsey Advisory Group upped their target price on Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, April 4th. Finally, StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Saturday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Signet Jewelers 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.