Teacher Retirement System of Texas Sells 5,367 Shares of Signet Jewelers Limited (NYSE:SIG)

Teacher Retirement System of Texas lessened its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 45.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,364 shares of the company’s stock after selling 5,367 shares during the period. Teacher Retirement System of Texas’ holdings in Signet Jewelers were worth $369,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cooper Creek Partners Management LLC boosted its holdings in shares of 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 in the last quarter. Anomaly Capital Management LP lifted its holdings in Signet Jewelers by 862.5% during the 4th quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company’s stock worth $142,253,000 after buying an additional 1,579,410 shares during the period. Norges Bank acquired a new position in Signet Jewelers during the 4th quarter worth about $40,989,000. Schonfeld Strategic Advisors LLC lifted its holdings in Signet Jewelers by 2,648.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 304,021 shares of the company’s stock worth $24,538,000 after buying an additional 292,961 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Signet Jewelers by 37.4% in the 4th quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company’s stock worth $85,155,000 after acquiring an additional 286,974 shares in the last quarter.

Signet Jewelers Trading Up 3.1%

Shares of NYSE:SIG opened at $80.96 on Friday. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 88.00, a PEG ratio of 0.71 and a beta of 1.39. The firm’s 50-day moving average is $75.21 and its 200 day moving average is $63.96. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $106.28.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.17. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. 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 business posted $1.11 EPS. As a group, equities analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Jefferies Financial Group assumed coverage on Signet Jewelers in a research report on Monday, June 16th. They issued a “buy” rating and a $102.00 target price for the company. Cfra Research raised Signet Jewelers to a “moderate buy” rating in a report on Thursday, March 20th. Citigroup upped 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. UBS Group increased their target price on Signet Jewelers from $84.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company upped their price target on shares of Signet Jewelers from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 4th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.14.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, Director Helen Mccluskey acquired 1,700 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

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.