Strs Ohio Sells 5,700 Shares of Signet Jewelers Limited (NYSE:SIG)

Strs Ohio decreased its position in shares of Signet Jewelers Limited (NYSE:SIG) by 40.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,500 shares of the company’s stock after selling 5,700 shares during the quarter. Strs Ohio’s holdings in Signet Jewelers were worth $911,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ronald Blue Trust Inc. boosted its position in shares of Signet Jewelers by 187.2% during the 3rd quarter. Ronald Blue Trust Inc. now owns 494 shares of the company’s stock valued at $35,000 after purchasing an additional 322 shares in the last quarter. Channel Wealth LLC bought a new position in shares of Signet Jewelers during the 4th quarter worth approximately $215,000. Laidlaw Wealth Management LLC acquired a new stake in shares of Signet Jewelers during the 3rd quarter worth approximately $216,000. Simon Quick Advisors LLC bought a new stake in shares of Signet Jewelers in the 3rd quarter valued at $227,000. Finally, GW Henssler & Associates Ltd. acquired a new position in shares of Signet Jewelers during the 3rd quarter valued at $234,000.

Insiders Place Their Bets

In other Signet Jewelers news, insider William Brace sold 3,000 shares of Signet Jewelers stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $99.00, for a total transaction of $297,000.00. Following the transaction, the insider now owns 75,664 shares of the company’s stock, valued at approximately $7,490,736. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Signet Jewelers news, insider William Brace sold 3,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $99.00, for a total value of $297,000.00. Following the completion of the transaction, the insider now owns 75,664 shares in the company, valued at approximately $7,490,736. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director H. Todd Stitzer sold 10,000 shares of Signet Jewelers stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $100.09, for a total value of $1,000,900.00. Following the sale, the director now owns 41,678 shares in the company, valued at $4,171,551.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,254 shares of company stock valued at $5,461,294. Corporate insiders own 4.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Bank of America reduced their price target on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. UBS Group increased their price target on Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, Telsey Advisory Group raised their price objective on Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $120.20.

Signet Jewelers Stock Performance

SIG stock opened at $98.57 on Thursday. The company has a market capitalization of $4.37 billion, a P/E ratio of 6.58, a price-to-earnings-growth ratio of 1.19 and a beta of 2.13. Signet Jewelers Limited has a 52-week low of $57.10 and a 52-week high of $109.17. The business has a 50-day simple moving average of $99.91 and a two-hundred day simple moving average of $92.95.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $0.40. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the company posted $5.52 earnings per share. Signet Jewelers’s revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Signet Jewelers Limited will post 10.6 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.23. This represents a $1.16 annualized dividend and a yield of 1.18%. Signet Jewelers’s payout ratio is 6.14%.

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.