Invesco Ltd. Purchases 53,758 Shares of Signet Jewelers Limited (NYSE:SIG)

Invesco Ltd. boosted its position in Signet Jewelers Limited (NYSE:SIG) by 19.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 334,725 shares of the company’s stock after acquiring an additional 53,758 shares during the period. Invesco Ltd.’s holdings in Signet Jewelers were worth $27,016,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. grew its stake in shares of Signet Jewelers by 18.9% in the fourth 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Signet Jewelers by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 676,289 shares of the company’s stock worth $54,583,000 after buying an additional 6,393 shares during the period. Norges Bank bought a new stake in shares of Signet Jewelers in the 4th quarter worth approximately $40,989,000. Bank of New York Mellon Corp increased its stake in shares of Signet Jewelers by 2.0% during 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 buying an additional 6,542 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Signet Jewelers by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 310,852 shares of the company’s stock valued at $32,061,000 after acquiring an additional 3,238 shares in the last quarter.

Insider Activity

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

Analyst Upgrades and Downgrades

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

Signet Jewelers Stock Up 0.8 %

SIG stock opened at $55.34 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $54.01 and a 200 day moving average of $73.43. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $112.06. The firm has a market cap of $2.37 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 3.43 and a beta of 1.63.

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

Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be paid a $0.32 dividend. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, April 25th. Signet Jewelers’s dividend payout ratio (DPR) is -168.42%.

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.