Wealth Enhancement Advisory Services LLC Purchases Shares of 4,373 Signet Jewelers Limited (NYSE:SIG)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Signet Jewelers Limited (NYSE:SIG) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,373 shares of the company’s stock, valued at approximately $254,000.

Several other large investors have also added to or reduced their stakes in the business. Cooper Creek Partners Management LLC grew its position in Signet Jewelers by 1,046.3% in the 4th quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company’s stock valued at $152,495,000 after purchasing an additional 1,724,592 shares during the period. Anomaly Capital Management LP increased its position in shares of 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 acquiring an additional 1,579,410 shares in the last quarter. Norges Bank bought a new stake in shares of Signet Jewelers during the fourth quarter worth about $40,989,000. Schonfeld Strategic Advisors LLC raised its stake in shares of Signet Jewelers by 2,648.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 304,021 shares of the company’s stock worth $24,538,000 after purchasing an additional 292,961 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Signet Jewelers by 37.4% in the fourth quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company’s stock worth $85,155,000 after purchasing an additional 286,974 shares during the last quarter.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $80.84 on Thursday. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 87.87, a P/E/G ratio of 0.72 and a beta of 1.39. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $106.28. The firm’s 50-day simple moving average is $73.03 and its two-hundred day simple moving average is $64.01.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.01 by $0.17. Signet Jewelers had a return on equity of 22.41% and a net margin of 0.63%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business earned $1.11 earnings per share. Signet Jewelers’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, July 25th will be paid a $0.32 dividend. The ex-dividend date is Friday, July 25th. This represents a $1.28 annualized dividend and a dividend yield of 1.58%. Signet Jewelers’s payout ratio is 139.13%.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, Director Helen Mccluskey bought 1,700 shares of Signet Jewelers stock in a transaction dated Friday, April 25th. The stock was purchased 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 directly owned 31,916 shares of the company’s stock, valued at approximately $1,878,575.76. This trade represents a 5.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SIG has been the topic of several recent analyst reports. Citigroup raised their price objective on Signet Jewelers from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Telsey Advisory Group boosted their price target on shares of Signet Jewelers from $62.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, June 3rd. UBS Group boosted their price target on shares of Signet Jewelers from $84.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Wall Street Zen raised Signet Jewelers from a “hold” rating to a “buy” rating in a report on Saturday, July 5th. Finally, Cfra Research raised Signet Jewelers to a “moderate buy” rating in a report on Thursday, March 20th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Signet Jewelers presently has a consensus rating of “Moderate Buy” and an average price target of $87.14.

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.