Gallagher Fiduciary Advisors LLC Boosts Holdings in Signet Jewelers Limited (NYSE:SIG)

Gallagher Fiduciary Advisors LLC grew its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,788 shares of the company’s stock after purchasing an additional 358 shares during the period. Gallagher Fiduciary Advisors LLC’s holdings in Signet Jewelers were worth $225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SIG. Cooper Creek Partners Management LLC grew its position in Signet Jewelers by 1,046.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company’s stock worth $152,495,000 after purchasing an additional 1,724,592 shares during the last quarter. Anomaly Capital Management LP lifted its position in Signet Jewelers by 862.5% during the 4th quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company’s stock worth $142,253,000 after acquiring an additional 1,579,410 shares during the period. Norges Bank acquired a new position in shares of Signet Jewelers in the fourth quarter valued at about $40,989,000. Schonfeld Strategic Advisors LLC raised its stake in shares of Signet Jewelers by 2,648.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 304,021 shares of the company’s stock worth $24,538,000 after purchasing an additional 292,961 shares during the last quarter. Finally, Khrom Capital Management LLC boosted its position in Signet Jewelers by 24.2% in the fourth quarter. Khrom Capital Management LLC now owns 1,149,682 shares of the company’s stock valued at $92,791,000 after buying an additional 224,339 shares during the last quarter.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $61.29 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $112.06. The business’s 50 day moving average is $54.96 and its two-hundred day moving average is $70.51. The company has a market capitalization of $2.63 billion, a P/E ratio of 7.05, a P/E/G ratio of 3.43 and a beta of 1.63.

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

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be paid a $0.32 dividend. The ex-dividend date is Friday, April 25th. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 2.09%. Signet Jewelers’s dividend payout ratio (DPR) is currently -168.42%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SIG. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $55.00 price objective on shares of Signet Jewelers in a report on Wednesday, March 19th. Wells Fargo & Company cut their price target on Signet Jewelers from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Cfra Research upgraded Signet Jewelers to a “moderate buy” rating in a research note on Thursday, March 20th. UBS Group lifted their price target on Signet Jewelers from $85.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Finally, Bank of America lowered 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $77.60.

Insider Activity at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the firm’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 in the company, valued at $1,231,565.76. This trade represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Helen Mccluskey purchased 1,700 shares of the stock in a transaction dated Friday, April 25th. The stock was purchased at an average cost of $58.86 per share, for a total transaction of $100,062.00. Following the completion of the purchase, the director now directly owns 31,916 shares of the company’s stock, valued at approximately $1,878,575.76. The trade was a 5.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.26% of the stock is currently owned by corporate insiders.

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.