Signet Jewelers Limited (NYSE:SIG) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its position in shares of Signet Jewelers Limited (NYSE:SIG) by 62,103.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,556 shares of the company’s stock after purchasing an additional 145,322 shares during the period. GAMMA Investing LLC owned approximately 0.34% of Signet Jewelers worth $8,451,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Signet Jewelers by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,550,233 shares of the company’s stock worth $205,830,000 after purchasing an additional 139,109 shares in the last quarter. Cooper Creek Partners Management LLC lifted its stake in Signet Jewelers by 1,046.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company’s stock worth $152,495,000 after purchasing an additional 1,724,592 shares in the last quarter. Anomaly Capital Management LP lifted its stake in Signet Jewelers by 862.5% during the fourth quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company’s stock worth $142,253,000 after purchasing an additional 1,579,410 shares in the last quarter. American Century Companies Inc. lifted its stake in Signet Jewelers by 18.9% during the fourth quarter. American Century Companies Inc. now owns 1,150,441 shares of the company’s stock worth $92,852,000 after purchasing an additional 182,948 shares in the last quarter. Finally, Khrom Capital Management LLC lifted its stake in Signet Jewelers by 24.2% during the fourth quarter. Khrom Capital Management LLC now owns 1,149,682 shares of the company’s stock worth $92,791,000 after purchasing an additional 224,339 shares in the last quarter.

Signet Jewelers Stock Performance

NYSE:SIG opened at $77.86 on Monday. The firm has a market capitalization of $3.34 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 3.43 and a beta of 1.36. The business’s fifty day moving average price is $61.79 and its 200 day moving average price is $65.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $109.52.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Tuesday, June 3rd. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.01 by $0.17. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. Signet Jewelers’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 earnings per share. On average, sell-side analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 25th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Friday, July 25th. Signet Jewelers’s dividend payout ratio (DPR) is presently 139.13%.

Insider Activity at Signet Jewelers

In related news, Director Helen Mccluskey acquired 1,700 shares of the firm’s stock in a transaction on Friday, April 25th. The stock was bought at an average price of $58.86 per share, for a total transaction of $100,062.00. Following the completion of the purchase, the director now directly owns 31,916 shares of the company’s stock, valued at approximately $1,878,575.76. The trade was a 5.63% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James Kevin Symancyk acquired 15,000 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was bought at an average price of $57.45 per share, with a total value of $861,750.00. Following the purchase, the chief executive officer now directly owns 50,710 shares of the company’s stock, valued at $2,913,289.50. This represents a 42.01% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on SIG. Telsey Advisory Group upped their price target on Signet Jewelers from $62.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 3rd. Cfra Research upgraded Signet Jewelers to a “moderate buy” rating in a research note on Thursday, March 20th. CL King started coverage on Signet Jewelers in a research report on Monday, May 5th. They set a “buy” rating and a $80.00 price objective on the stock. Citigroup upped their price objective on Signet Jewelers from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company upped their price objective on Signet Jewelers from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 4th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $84.67.

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.