Signet Jewelers Limited (NYSE:SIG) Shares Sold by Crestline Management LP

Crestline Management LP decreased its holdings in Signet Jewelers Limited (NYSE:SIG) by 44.3% in the fourth quarter, Holdings Channel reports. The fund owned 3,110 shares of the company’s stock after selling 2,469 shares during the period. Crestline Management LP’s holdings in Signet Jewelers were worth $251,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC grew its stake in shares of Signet Jewelers by 3.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,517 shares of the company’s stock valued at $526,000 after buying an additional 205 shares during the period. Franklin Resources Inc. grew its stake in shares of Signet Jewelers by 0.9% in the 3rd quarter. Franklin Resources Inc. now owns 34,122 shares of the company’s stock valued at $3,330,000 after buying an additional 288 shares during the period. Xponance Inc. grew its stake in shares of Signet Jewelers by 12.2% in the 4th quarter. Xponance Inc. now owns 3,149 shares of the company’s stock valued at $254,000 after buying an additional 343 shares during the period. Atria Investments Inc grew its stake in shares of Signet Jewelers by 14.5% in the 4th quarter. Atria Investments Inc now owns 2,815 shares of the company’s stock valued at $227,000 after buying an additional 356 shares during the period. Finally, Gallagher Fiduciary Advisors LLC grew its stake in shares of Signet Jewelers by 14.7% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 2,788 shares of the company’s stock valued at $225,000 after buying an additional 358 shares during the period.

Signet Jewelers Stock Performance

NYSE:SIG opened at $64.38 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. The stock has a market capitalization of $2.76 billion, a P/E ratio of 7.41, a PEG ratio of 3.43 and a beta of 1.34. The company has a 50 day moving average price of $56.20 and a 200 day moving average price of $69.14. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 earnings per share 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 net margin of 8.57% and a return on equity of 28.69%. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the company posted $6.73 EPS. Equities research analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.99%. The ex-dividend date is Friday, April 25th. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.29. Signet Jewelers’s dividend payout ratio (DPR) is currently -168.42%.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were 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 owns 22,752 shares of the company’s stock, valued at $1,231,565.76. This trade represents a 12.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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, with a total value of $861,750.00. Following the transaction, the chief executive officer now directly owns 50,710 shares in the company, valued at $2,913,289.50. This trade represents a 42.01% 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.

Wall Street Analysts Forecast Growth

SIG has been the subject of several analyst reports. Wells Fargo & Company dropped their price target on shares of Signet Jewelers from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Cfra Research raised shares of Signet Jewelers to a “moderate buy” rating in a research note on Thursday, March 20th. Bank of America dropped 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 note on Wednesday, January 15th. UBS Group increased their price objective on shares of Signet Jewelers from $85.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $55.00 price objective on shares of Signet Jewelers in a research report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $78.00.

Signet Jewelers Company 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.