Signet Jewelers Limited (NYSE:SIG) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP raised its holdings in Signet Jewelers Limited (NYSE:SIG) by 338.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,472 shares of the company’s stock after purchasing an additional 106,141 shares during the quarter. Bridgewater Associates LP owned 0.32% of Signet Jewelers worth $11,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SIG. Cooper Creek Partners Management LLC boosted its stake in shares of Signet Jewelers by 1,046.3% in the fourth quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company’s stock valued at $152,495,000 after buying an additional 1,724,592 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Signet Jewelers by 18.9% during the 4th quarter. American Century Companies Inc. now owns 1,150,441 shares of the company’s stock worth $92,852,000 after purchasing an additional 182,948 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Signet Jewelers by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 676,289 shares of the company’s stock worth $54,583,000 after purchasing an additional 6,393 shares during the period. Norges Bank purchased a new position in shares of Signet Jewelers in the 4th quarter valued at about $40,989,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Signet Jewelers by 2.0% in the fourth quarter. Bank of New York Mellon Corp now owns 338,247 shares of the company’s stock valued at $27,300,000 after purchasing an additional 6,542 shares during the period.

Insider Buying and Selling at Signet Jewelers

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 22,752 shares in the company, valued at approximately $1,231,565.76. This represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James Kevin Symancyk purchased 15,000 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was acquired at an average cost 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 in the company, valued at $2,913,289.50. The trade was a 42.01 % increase in their position. The disclosure for this purchase can be found here. 3.26% of the stock is currently owned by insiders.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $55.05 on Thursday. 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 fifty-two week low of $45.55 and a fifty-two week high of $112.06. The stock has a fifty day moving average of $53.97 and a two-hundred day moving average of $74.03. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 3.43 and a beta of 1.63.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, topping analysts’ consensus estimates of $6.39 by $0.23. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $6.73 EPS. On average, analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, April 25th. This represents a $1.28 dividend on an annualized basis and a yield of 2.33%. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.29. Signet Jewelers’s dividend payout ratio (DPR) is -168.42%.

Analysts Set New Price Targets

Several research analysts have weighed in on SIG shares. Wells Fargo & Company restated an “equal weight” rating and set a $70.00 target price (down from $80.00) on shares of Signet Jewelers in a research report on Tuesday, April 8th. UBS Group raised their price objective on Signet Jewelers from $85.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Bank of America reduced their price objective on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Cfra Research raised Signet Jewelers to a “moderate buy” rating in a report on Thursday, March 20th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $55.00 price target on shares of Signet Jewelers in a research note on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $79.60.

Signet Jewelers 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.