XTX Topco Ltd Boosts Holdings in Signet Jewelers Limited (NYSE:SIG)

XTX Topco Ltd boosted its position in shares of Signet Jewelers Limited (NYSE:SIG) by 660.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,259 shares of the company’s stock after buying an additional 34,962 shares during the quarter. XTX Topco Ltd owned 0.09% of Signet Jewelers worth $2,337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of SIG. Norges Bank bought a new stake in shares of Signet Jewelers during the fourth quarter worth $40,989,000. Bryce Point Capital LLC bought a new stake in shares of Signet Jewelers during the fourth quarter worth $1,530,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Signet Jewelers during the first quarter worth $2,112,000. Anomaly Capital Management LP lifted 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 purchasing an additional 1,579,410 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Signet Jewelers during the first quarter worth $254,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SIG shares. Jefferies Financial Group started coverage on Signet Jewelers in a research report on Monday, June 16th. They set a “buy” rating and a $102.00 target price for the company. Wells Fargo & Company lifted their price objective on Signet Jewelers from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, June 4th. Citigroup upped their price objective on shares of Signet Jewelers from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Telsey Advisory Group upped their price objective on shares of Signet Jewelers from $80.00 to $92.00 and gave the stock a “market perform” rating in a research note on Friday, July 25th. Finally, UBS Group upped their price objective on shares of Signet Jewelers from $84.00 to $95.00 and gave the stock a “buy” rating in a research note 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $88.86.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock opened at $81.16 on Wednesday. The company has a market capitalization of $3.34 billion, a PE ratio of 88.22, a P/E/G ratio of 0.76 and a beta of 1.39. The company has a 50-day simple moving average of $78.07 and a two-hundred day simple moving average of $64.23. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $106.28.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Tuesday, June 3rd. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.17. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 earnings per share. On average, equities analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

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

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.