Integrated Quantitative Investments LLC Buys New Position in Signet Jewelers Limited (NYSE:SIG)

Integrated Quantitative Investments LLC purchased a new position in Signet Jewelers Limited (NYSE:SIG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,400 shares of the company’s stock, valued at approximately $274,000.

Several other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in shares of Signet Jewelers by 149.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock valued at $57,000 after purchasing an additional 421 shares during the period. CIBC Private Wealth Group LLC boosted its position in Signet Jewelers by 32.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company’s stock valued at $123,000 after buying an additional 410 shares during the last quarter. KBC Group NV grew its stake in shares of Signet Jewelers by 34.6% during the fourth quarter. KBC Group NV now owns 1,740 shares of the company’s stock valued at $140,000 after acquiring an additional 447 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Signet Jewelers during the third quarter valued at about $210,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Signet Jewelers during the third quarter worth about $225,000.

Signet Jewelers Trading Up 0.1 %

Signet Jewelers stock opened at $54.75 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $112.06. The firm’s 50-day moving average is $54.31 and its 200-day moving average is $76.63. The company has a market cap of $2.35 billion, a P/E ratio of 6.30, a PEG ratio of 3.43 and a beta of 1.63.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, beating the consensus estimate of $6.39 by $0.23. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The business’s revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $6.73 earnings per share. On average, equities analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.34%. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, April 25th. Signet Jewelers’s dividend payout ratio (DPR) is presently -168.42%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Cfra Research upgraded Signet Jewelers to a “moderate buy” rating in a research note on Thursday, March 20th. Bank of America dropped their price target on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company reduced their price objective on shares of Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. UBS Group boosted their target price on shares of Signet Jewelers from $85.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $55.00 target price on shares of Signet Jewelers in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Signet Jewelers presently has a consensus rating of “Moderate Buy” and an average target price of $81.60.

Insider Activity

In other news, CEO James Kevin Symancyk purchased 15,000 shares of the company’s stock in a transaction on Monday, March 31st. The shares were bought at an average price of $57.45 per share, for a total transaction of $861,750.00. Following the completion of the purchase, the chief executive officer now owns 50,710 shares of the company’s stock, valued at $2,913,289.50. This trade represents a 42.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the transaction, the director now owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. This represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.26% of the company’s stock.

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.