Signet Jewelers Limited (NYSE:SIG) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 22.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,568 shares of the company’s stock after purchasing an additional 11,218 shares during the quarter. Illinois Municipal Retirement Fund owned 0.14% of Signet Jewelers worth $4,969,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SIG. Harbor Capital Advisors Inc. purchased a new position in shares of Signet Jewelers during the 3rd quarter valued at approximately $25,000. Erste Asset Management GmbH acquired a new stake in Signet Jewelers in the third quarter valued at $77,000. KBC Group NV boosted its stake in Signet Jewelers by 25.5% during the 3rd quarter. KBC Group NV now owns 1,293 shares of the company’s stock valued at $133,000 after acquiring an additional 263 shares during the last quarter. Raymond James Trust N.A. acquired a new position in Signet Jewelers during the 3rd quarter worth $207,000. Finally, Virtu Financial LLC bought a new stake in shares of Signet Jewelers in the 3rd quarter worth about $210,000.

Analysts Set New Price Targets

Several equities analysts have recently commented on SIG shares. Telsey Advisory Group reduced their price target on shares of 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. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Bank of America lowered their price target on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company reduced their price objective on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Three 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, the company presently has an average rating of “Moderate Buy” and an average target price of $95.20.

Signet Jewelers Stock Performance

Shares of NYSE SIG opened at $52.74 on Thursday. The stock has a market capitalization of $2.29 billion, a P/E ratio of 6.07, a P/E/G ratio of 3.43 and a beta of 2.11. The firm’s 50-day moving average price is $64.34 and its two-hundred day moving average price is $81.78. Signet Jewelers Limited has a 52-week low of $50.38 and a 52-week high of $112.06. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.37 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS. As a group, sell-side analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 24th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.16 annualized dividend and a dividend yield of 2.20%. Signet Jewelers’s dividend payout ratio is currently 13.35%.

Insider Buying and Selling

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,231,565.76. This represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.26% of the company’s stock.

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.