Invesco Ltd. Has $27.02 Million Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

Invesco Ltd. lifted its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 19.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 334,725 shares of the company’s stock after buying an additional 53,758 shares during the period. Invesco Ltd. owned about 0.77% of Signet Jewelers worth $27,016,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of SIG. American Century Companies Inc. boosted its stake in shares of Signet Jewelers by 18.9% during the fourth quarter. American Century Companies Inc. now owns 1,150,441 shares of the company’s stock valued at $92,852,000 after purchasing an additional 182,948 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in 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 last quarter. Norges Bank bought a new stake in shares of Signet Jewelers in the 4th quarter valued at about $40,989,000. Bank of New York Mellon Corp increased 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 buying an additional 6,542 shares during the period. Finally, JPMorgan Chase & Co. raised its position 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 worth $32,061,000 after acquiring an additional 3,238 shares during the last quarter.

Signet Jewelers Trading Up 0.8 %

NYSE SIG opened at $55.34 on Friday. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 3.43 and a beta of 1.63. The business’s fifty day moving average is $54.01 and its 200-day moving average is $73.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $112.06.

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

Signet Jewelers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be issued a dividend of $0.32 per share. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.28 dividend on an annualized basis and a yield of 2.31%. Signet Jewelers’s payout ratio is presently -168.42%.

Insiders Place Their Bets

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO James Kevin Symancyk acquired 15,000 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were acquired at an average cost of $57.45 per share, with a total value of $861,750.00. Following the acquisition, the chief executive officer now directly owns 50,710 shares of the company’s stock, valued at $2,913,289.50. This represents a 42.01 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.26% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.