Allworth Financial LP Purchases 445 Shares of Signet Jewelers Limited (NYSE:SIG)

Allworth Financial LP grew its position in shares of Signet Jewelers Limited (NYSE:SIG) by 946.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 492 shares of the company’s stock after acquiring an additional 445 shares during the period. Allworth Financial LP’s holdings in Signet Jewelers were worth $29,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in Signet Jewelers by 40.5% in the first quarter. Versant Capital Management Inc now owns 773 shares of the company’s stock valued at $45,000 after acquiring an additional 223 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in Signet Jewelers by 2.7% in the 1st quarter. SummerHaven Investment Management LLC now owns 9,214 shares of the company’s stock worth $535,000 after purchasing an additional 242 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Signet Jewelers by 2.0% in the 1st quarter. Yousif Capital Management LLC now owns 17,087 shares of the company’s stock worth $992,000 after purchasing an additional 341 shares during the period. Xponance Inc. increased its position in shares of Signet Jewelers by 12.2% during the fourth quarter. Xponance Inc. now owns 3,149 shares of the company’s stock valued at $254,000 after buying an additional 343 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Signet Jewelers by 3.3% during the first quarter. Nisa Investment Advisors LLC now owns 10,784 shares of the company’s stock valued at $626,000 after buying an additional 344 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Citigroup raised their target price on Signet Jewelers from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Wells Fargo & Company raised their price objective on Signet Jewelers from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 4th. Jefferies Financial Group began coverage on shares of Signet Jewelers in a research report on Monday, June 16th. They issued a “buy” rating and a $102.00 target price on the stock. Telsey Advisory Group increased their price target on shares of Signet Jewelers from $62.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 3rd. Finally, CL King began coverage on shares of Signet Jewelers in a research note on Monday, May 5th. They set a “buy” rating and a $80.00 price objective on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Signet Jewelers currently has an average rating of “Moderate Buy” and a consensus target price of $87.14.

Insider Buying and Selling

In related news, Director Helen Mccluskey bought 1,700 shares of the stock in a transaction on Friday, April 25th. The shares were acquired at an average price of $58.86 per share, for a total transaction of $100,062.00. Following the purchase, the director owned 31,916 shares of the company’s stock, valued at approximately $1,878,575.76. The trade was a 5.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Signet Jewelers Price Performance

SIG opened at $81.93 on Friday. The firm has a market cap of $3.37 billion, a PE ratio of 89.06, a P/E/G ratio of 0.73 and a beta of 1.39. The stock has a 50-day moving average price of $75.57 and a 200-day moving average price of $63.96. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $106.28.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.17. The business had revenue of $1.54 billion during 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 was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $1.11 EPS. As a group, sell-side analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The firm 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. The ex-dividend date is Friday, July 25th. This represents a $1.28 annualized dividend and a dividend yield of 1.56%. Signet Jewelers’s dividend payout ratio (DPR) is presently 139.13%.

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.