Empowered Funds LLC Sells 6,340 Shares of Signet Jewelers Limited (NYSE:SIG)

Empowered Funds LLC reduced its stake in Signet Jewelers Limited (NYSE:SIG) by 7.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 81,822 shares of the company’s stock after selling 6,340 shares during the quarter. Empowered Funds LLC’s holdings in Signet Jewelers were worth $6,604,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Signet Jewelers in the third quarter worth about $25,000. Erste Asset Management GmbH purchased a new position in Signet Jewelers during the 3rd quarter valued at approximately $77,000. CWM LLC increased its stake in Signet Jewelers by 177.3% in the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock worth $118,000 after acquiring an additional 734 shares during the last quarter. KBC Group NV raised its holdings in shares of Signet Jewelers by 25.5% during the 3rd quarter. KBC Group NV now owns 1,293 shares of the company’s stock worth $133,000 after acquiring an additional 263 shares in the last quarter. Finally, Raymond James Trust N.A. bought a new position in shares of Signet Jewelers during the 3rd quarter valued at approximately $207,000.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $54.28 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The firm has a market capitalization of $2.36 billion, a P/E ratio of 6.25, a price-to-earnings-growth ratio of 3.47 and a beta of 2.11. Signet Jewelers Limited has a 1-year low of $52.09 and a 1-year high of $112.06. The company’s 50-day moving average is $72.42 and its 200 day moving average is $83.96.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.37 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. Signet Jewelers’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 earnings per share. Research analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Friday, January 24th. Signet Jewelers’s dividend payout ratio is presently 13.35%.

Analyst Ratings Changes

SIG has been the topic of a number of recent research reports. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Bank of America lowered their price target on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Wells Fargo & Company reduced their price objective on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Finally, Telsey Advisory Group lowered their price objective on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.20.

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.