VIRGINIA RETIREMENT SYSTEMS ET Al Sells 8,400 Shares of Signet Jewelers Limited $SIG

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its stake in Signet Jewelers Limited (NYSE:SIG) by 58.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,012 shares of the company’s stock after selling 8,400 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Signet Jewelers were worth $498,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Signet Jewelers by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,346,165 shares of the company’s stock worth $225,046,000 after acquiring an additional 43,925 shares in the last quarter. American Century Companies Inc. boosted its stake in Signet Jewelers by 12.3% in the 3rd quarter. American Century Companies Inc. now owns 1,592,735 shares of the company’s stock worth $152,775,000 after purchasing an additional 174,873 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Signet Jewelers by 9.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 944,668 shares of the company’s stock valued at $90,613,000 after purchasing an additional 82,899 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Signet Jewelers by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock valued at $49,333,000 after purchasing an additional 213,365 shares during the last quarter. Finally, LSV Asset Management increased its stake in Signet Jewelers by 263.4% during the 3rd quarter. LSV Asset Management now owns 567,300 shares of the company’s stock valued at $54,415,000 after purchasing an additional 411,200 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SIG. Jefferies Financial Group reiterated a “buy” rating on shares of Signet Jewelers in a research note on Monday, March 9th. Zacks Research lowered shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. UBS Group increased their target price on Signet Jewelers from $118.00 to $126.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Signet Jewelers in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Sunday, March 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $116.00.

Signet Jewelers Stock Down 2.6%

Signet Jewelers stock opened at $74.02 on Tuesday. Signet Jewelers Limited has a 52-week low of $61.92 and a 52-week high of $110.20. The company has a market cap of $2.97 billion, a P/E ratio of 10.38, a P/E/G ratio of 0.88 and a beta of 1.20. The business has a 50-day simple moving average of $87.17 and a two-hundred day simple moving average of $90.79.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, March 19th. The company reported $6.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.11 by $0.14. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a net margin of 4.32% and a return on equity of 22.22%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business posted $6.62 earnings per share. Research analysts anticipate that Signet Jewelers Limited will post 10.3 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, April 24th will be given a dividend of $0.35 per share. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, April 24th. Signet Jewelers’s dividend payout ratio (DPR) is currently 17.95%.

About Signet Jewelers

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.