Federated Hermes Inc. Buys 1,317 Shares of Signet Jewelers Limited (NYSE:SIG)

Federated Hermes Inc. lifted its stake in Signet Jewelers Limited (NYSE:SIG) by 4.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 28,723 shares of the company’s stock after acquiring an additional 1,317 shares during the period. Federated Hermes Inc.’s holdings in Signet Jewelers were worth $3,081,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Channel Wealth LLC acquired a new position in Signet Jewelers in the fourth quarter worth about $215,000. Laidlaw Wealth Management LLC acquired a new position in Signet Jewelers in the third quarter worth about $216,000. Simon Quick Advisors LLC acquired a new position in Signet Jewelers in the third quarter worth about $227,000. GW Henssler & Associates Ltd. acquired a new position in Signet Jewelers in the third quarter worth about $234,000. Finally, Pathstone Family Office LLC acquired a new position in Signet Jewelers in the third quarter worth about $242,000.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, Director H. Todd Stitzer sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $102.41, for a total value of $512,050.00. Following the transaction, the director now directly owns 56,678 shares of the company’s stock, valued at $5,804,393.98. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Signet Jewelers news, insider Joan M. Hilson sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $92.69, for a total value of $741,520.00. Following the transaction, the insider now directly owns 187,377 shares of the company’s stock, valued at $17,367,974.13. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director H. Todd Stitzer sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $102.41, for a total transaction of $512,050.00. Following the completion of the transaction, the director now directly owns 56,678 shares in the company, valued at $5,804,393.98. The disclosure for this sale can be found here. Insiders sold a total of 47,254 shares of company stock valued at $4,669,294 over the last quarter. Corporate insiders own 4.54% of the company’s stock.

Wall Street Analysts Forecast Growth

SIG has been the subject of several recent research reports. StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America dropped their price objective 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. UBS Group raised their price objective on shares of Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, Telsey Advisory Group raised their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Signet Jewelers presently has an average rating of “Hold” and an average target price of $120.20.

Signet Jewelers Price Performance

Shares of Signet Jewelers stock opened at $101.80 on Friday. The firm has a market cap 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 firm 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 fifty-two week low of $57.10 and a fifty-two week high of $109.17.

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

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be issued a $0.29 dividend. The ex-dividend date is Thursday, April 25th. This represents a $1.16 dividend on an annualized basis 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 (DPR) 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.