Natixis Advisors L.P. Purchases 23,926 Shares of Signet Jewelers Limited (NYSE:SIG)

Natixis Advisors L.P. grew its position in shares of Signet Jewelers Limited (NYSE:SIG) by 46.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,514 shares of the company’s stock after purchasing an additional 23,926 shares during the quarter. Natixis Advisors L.P.’s holdings in Signet Jewelers were worth $8,099,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Hexagon Capital Partners LLC grew its position in Signet Jewelers by 37.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock worth $50,000 after acquiring an additional 127 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Signet Jewelers during the 4th quarter worth approximately $64,000. Greenleaf Trust bought a new position in Signet Jewelers during the 4th quarter worth approximately $202,000. Channel Wealth LLC bought a new position in Signet Jewelers during the 4th quarter worth approximately $215,000. Finally, Laidlaw Wealth Management LLC bought a new position in Signet Jewelers during the 3rd quarter worth approximately $216,000.

Signet Jewelers Stock Performance

NYSE SIG opened at $94.56 on Thursday. Signet Jewelers Limited has a fifty-two week low of $57.10 and a fifty-two week high of $109.17. The stock has a 50 day simple moving average of $98.22 and a two-hundred day simple moving average of $94.79. The stock has a market cap of $4.21 billion, a P/E ratio of 6.31, a price-to-earnings-growth ratio of 1.11 and a beta of 2.15.

Signet Jewelers (NYSE:SIG) last released its earnings results on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.40. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The firm’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 EPS. Sell-side analysts predict that Signet Jewelers Limited will post 10.6 earnings per share for the current year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 26th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s dividend payout ratio (DPR) is presently 7.74%.

Insider Activity

In other news, insider Oded Edelman sold 7,911 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $105.36, for a total value of $833,502.96. Following the completion of the transaction, the insider now owns 33,378 shares in the company, valued at approximately $3,516,706.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Signet Jewelers news, CAO Vincent Ciccolini sold 4,000 shares of Signet Jewelers stock in a transaction on Friday, April 26th. The stock was sold at an average price of $101.64, for a total value of $406,560.00. Following the completion of the sale, the chief accounting officer now owns 46,076 shares of the company’s stock, valued at approximately $4,683,164.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Oded Edelman sold 7,911 shares of Signet Jewelers stock in a transaction on Monday, February 26th. The stock was sold at an average price of $105.36, for a total value of $833,502.96. Following the completion of the sale, the insider now directly owns 33,378 shares of the company’s stock, valued at approximately $3,516,706.08. The disclosure for this sale can be found here. Insiders sold a total of 51,254 shares of company stock worth $5,075,854 in the last quarter. 4.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SIG shares. Bank of America reduced their price target on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. Telsey Advisory Group increased their price objective on Signet Jewelers from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, April 4th. UBS Group increased their price objective on Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Signet Jewelers currently has an average rating of “Hold” and an average 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.