State of New Jersey Common Pension Fund D Has $3.31 Million Stock Position in Signet Jewelers Limited (NYSE:SIG)

State of New Jersey Common Pension Fund D reduced its stake in Signet Jewelers Limited (NYSE:SIG) by 11.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,811 shares of the company’s stock after selling 4,151 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.07% of Signet Jewelers worth $3,305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Signet Jewelers in the fourth quarter worth approximately $64,000. Greenleaf Trust acquired a new position in shares of Signet Jewelers in the fourth quarter worth approximately $202,000. Channel Wealth LLC acquired a new position in shares of Signet Jewelers in the fourth quarter worth approximately $215,000. Laidlaw Wealth Management LLC bought a new stake in Signet Jewelers in the third quarter worth approximately $216,000. Finally, Simon Quick Advisors LLC bought a new stake in Signet Jewelers in the third quarter worth approximately $227,000.

Signet Jewelers Stock Up 2.2 %

NYSE SIG opened at $101.82 on Friday. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 6.79, a P/E/G ratio of 1.18 and a beta of 2.13. Signet Jewelers Limited has a 52 week low of $57.10 and a 52 week high of $109.17. The business has a 50 day moving average price of $99.57 and a 200-day moving average price of $93.24.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, beating the consensus estimate of $6.33 by $0.40. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.55 billion. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.52 earnings per share. On average, equities research analysts anticipate that Signet Jewelers Limited will post 10.6 earnings per share for the current year.

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, April 25th. This represents a $1.16 annualized dividend and a yield of 1.14%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s dividend payout ratio is 7.74%.

Insider Buying and Selling

In related news, Director H. Todd Stitzer sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $102.41, for a total transaction of $512,050.00. Following the completion of the sale, the director now owns 56,678 shares in the company, valued at $5,804,393.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director H. Todd Stitzer sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $102.41, for a total transaction of $512,050.00. Following the completion of the sale, the director now owns 56,678 shares in the company, valued at $5,804,393.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Oded Edelman sold 7,911 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $105.36, for a total value of $833,502.96. Following the sale, the insider now owns 33,378 shares of the company’s stock, valued at approximately $3,516,706.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,254 shares of company stock worth $4,669,294. 4.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SIG. Telsey Advisory Group lifted their target price on Signet Jewelers from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, April 4th. Bank of America lowered 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. UBS Group lifted their target price on Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Saturday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Signet Jewelers presently has a consensus rating of “Hold” and a consensus price target of $120.20.

About Signet Jewelers

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.