Signet Jewelers Limited (NYSE:SIG) Holdings Boosted by Khrom Capital Management LLC

Khrom Capital Management LLC lifted its holdings in Signet Jewelers Limited (NYSE:SIG) by 24.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,149,682 shares of the company’s stock after purchasing an additional 224,339 shares during the quarter. Signet Jewelers comprises about 10.5% of Khrom Capital Management LLC’s portfolio, making the stock its 3rd biggest position. Khrom Capital Management LLC owned approximately 2.64% of Signet Jewelers worth $92,791,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in Signet Jewelers by 149.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock valued at $57,000 after purchasing an additional 421 shares during the last quarter. Sterling Capital Management LLC boosted its position in Signet Jewelers by 832.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,362 shares of the company’s stock worth $110,000 after purchasing an additional 1,216 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Signet Jewelers by 32.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company’s stock worth $123,000 after purchasing an additional 410 shares during the period. KBC Group NV increased its holdings in shares of Signet Jewelers by 34.6% during the 4th quarter. KBC Group NV now owns 1,740 shares of the company’s stock valued at $140,000 after purchasing an additional 447 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Signet Jewelers during the third quarter worth $210,000.

Insider Transactions at Signet Jewelers

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the 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 completion of the transaction, the director now owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. This represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO James Kevin Symancyk bought 15,000 shares of Signet Jewelers stock in a transaction dated Monday, March 31st. The shares were acquired at an average price of $57.45 per share, with a total value of $861,750.00. Following the completion of the purchase, the chief executive officer now owns 50,710 shares in the company, valued at approximately $2,913,289.50. The trade was 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.

Analysts Set New Price Targets

A number of research firms have weighed in on SIG. UBS Group upped 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. Bank of America reduced their target price on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. 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. Wells Fargo & Company restated an “equal weight” rating and set a $70.00 price target (down from $80.00) on shares of Signet Jewelers in a research note on Tuesday, April 8th. Finally, Cfra Research raised Signet Jewelers to a “moderate buy” rating in a research note on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $79.60.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $52.62 on Tuesday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 6.06, a price-to-earnings-growth ratio of 3.43 and a beta of 1.63. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $112.06. The stock has a 50 day simple moving average of $53.97 and a 200-day simple moving average of $72.81. 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 (NYSE:SIG) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, topping 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 business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the firm posted $6.73 earnings per share. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. On average, equities analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The company also recently disclosed 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 a positive change from Signet Jewelers’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Friday, April 25th. Signet Jewelers’s payout ratio is currently -168.42%.

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.