Signet Jewelers Limited (NYSE:SIG) Shares Purchased by Grace & White Inc. NY

Grace & White Inc. NY increased its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 207,262 shares of the company’s stock after buying an additional 11,900 shares during the quarter. Signet Jewelers comprises approximately 3.1% of Grace & White Inc. NY’s portfolio, making the stock its 8th biggest holding. Grace & White Inc. NY owned approximately 0.48% of Signet Jewelers worth $16,728,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SIG shares. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Wells Fargo & Company dropped their price objective on shares of Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Bank of America decreased 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 report on Wednesday, January 15th. Finally, Telsey Advisory Group cut their price objective on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $95.20.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $54.46 on Thursday. 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 company’s fifty day moving average price is $70.66 and its two-hundred day moving average price is $83.56. The firm has a market capitalization of $2.37 billion, a P/E ratio of 6.27, a P/E/G ratio of 3.47 and a beta of 2.11. Signet Jewelers Limited has a 12 month low of $52.09 and a 12 month high of $112.06.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm posted $0.24 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. On average, research analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal 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. The ex-dividend date is Friday, January 24th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.13%. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.35%.

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.