Duality Advisers LP Invests $2.91 Million in Signet Jewelers Limited (NYSE:SIG)

Duality Advisers LP acquired a new position in Signet Jewelers Limited (NYSE:SIG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,114 shares of the company’s stock, valued at approximately $2,908,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Greenleaf Trust purchased a new stake in shares of Signet Jewelers in the fourth quarter worth approximately $202,000. Xponance Inc. purchased a new stake in shares of Signet Jewelers in the fourth quarter worth approximately $292,000. Federated Hermes Inc. raised its stake in shares of Signet Jewelers by 4.8% in the fourth quarter. Federated Hermes Inc. now owns 28,723 shares of the company’s stock worth $3,081,000 after purchasing an additional 1,317 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Signet Jewelers by 6.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,554 shares of the company’s stock worth $1,025,000 after purchasing an additional 576 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of Signet Jewelers in the fourth quarter worth approximately $303,000.

Wall Street Analysts Forecast Growth

SIG has been the subject of several recent analyst reports. UBS Group upped their target price on Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, April 4th. StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a report on Friday. Bank of America reduced their target price on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Finally, Telsey Advisory Group upped their target price on Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $120.20.

Insider Transactions at Signet Jewelers

In other news, Director H. Todd Stitzer sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $102.41, for a total value of $512,050.00. Following the completion of the transaction, the director now directly owns 56,678 shares of the company’s stock, valued at $5,804,393.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider William Brace sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $99.00, for a total value of $297,000.00. Following the sale, the insider now directly owns 75,664 shares of the company’s stock, valued at $7,490,736. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director H. Todd Stitzer sold 5,000 shares of Signet Jewelers stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $102.41, for a total transaction of $512,050.00. Following the sale, the director now owns 56,678 shares of the company’s stock, valued at $5,804,393.98. The disclosure for this sale can be found here. Insiders sold 45,254 shares of company stock valued at $4,460,394 over the last three months. Company insiders own 4.54% of the company’s stock.

Signet Jewelers Stock Performance

NYSE SIG traded up $3.11 on Monday, hitting $98.58. 161,135 shares of the stock traded hands, compared to its average volume of 714,543. The business’s fifty day moving average is $100.05 and its two-hundred day moving average is $92.48. Signet Jewelers Limited has a 12 month low of $57.10 and a 12 month high of $109.17. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 1.13 and a beta of 2.13.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $0.40. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company earned $5.52 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Analysts expect that Signet Jewelers Limited will post 10.6 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 24th. Stockholders of record on Friday, April 26th will be issued a $0.29 dividend. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Thursday, April 25th. Signet Jewelers’s dividend payout ratio (DPR) is presently 6.14%.

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.