Bayforest Capital Ltd Acquires Shares of 18,868 Signet Jewelers Limited (NYSE:SIG)

Bayforest Capital Ltd acquired a new stake in shares of Signet Jewelers Limited (NYSE:SIG) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 18,868 shares of the company’s stock, valued at approximately $1,095,000. Signet Jewelers makes up about 0.5% of Bayforest Capital Ltd’s holdings, making the stock its 21st biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Cooper Creek Partners Management LLC grew its holdings in shares of Signet Jewelers by 1,046.3% in the fourth 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 grew its holdings in shares of Signet Jewelers by 862.5% in the fourth quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company’s stock valued at $142,253,000 after purchasing an additional 1,579,410 shares in the last quarter. Norges Bank purchased a new position in shares of Signet Jewelers in the fourth quarter valued at $40,989,000. Schonfeld Strategic Advisors LLC grew its holdings 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 valued at $24,538,000 after purchasing an additional 292,961 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings 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 valued at $85,155,000 after purchasing an additional 286,974 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SIG shares. Bank of America raised their target price on shares of Signet Jewelers from $65.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, June 4th. Citigroup raised their price target on Signet Jewelers from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. UBS Group raised their price target on Signet Jewelers from $84.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. CL King began coverage on Signet Jewelers in a research report on Monday, May 5th. They issued a “buy” rating and a $80.00 price target for the company. Finally, Wells Fargo & Company raised their price target 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Signet Jewelers has a consensus rating of “Moderate Buy” and an average price target of $88.86.

Signet Jewelers Trading Down 3.3%

NYSE:SIG opened at $81.16 on Wednesday. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $106.28. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 88.22, a price-to-earnings-growth ratio of 0.76 and a beta of 1.39. The stock has a fifty day simple moving average of $78.07 and a 200-day simple moving average of $64.23.

Signet Jewelers (NYSE:SIG) last released its earnings results on Tuesday, June 3rd. The company reported $1.18 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the company earned $1.11 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current fiscal 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 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 1.58%. Signet Jewelers’s dividend payout ratio (DPR) is 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.