Signet Jewelers Limited (NYSE:SIG) Shares Purchased by KBC Group NV

KBC Group NV grew its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 34.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,740 shares of the company’s stock after buying an additional 447 shares during the quarter. KBC Group NV’s holdings in Signet Jewelers were worth $140,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SIG. Janney Montgomery Scott LLC boosted its position in Signet Jewelers by 3.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,517 shares of the company’s stock worth $526,000 after purchasing an additional 205 shares during the period. SG Americas Securities LLC boosted its position in shares of Signet Jewelers by 25.9% in the fourth quarter. SG Americas Securities LLC now owns 8,365 shares of the company’s stock worth $675,000 after buying an additional 1,720 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Signet Jewelers by 100.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,731 shares of the company’s stock valued at $462,000 after buying an additional 2,867 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Signet Jewelers by 36.3% during the 4th quarter. Nordea Investment Management AB now owns 132,070 shares of the company’s stock valued at $10,704,000 after buying an additional 35,174 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Signet Jewelers by 1.1% during the 3rd 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 in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Telsey Advisory Group dropped their price objective on shares of Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company dropped their price target on shares of Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Bank of America dropped their target price on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.20.

Signet Jewelers Trading Down 3.3 %

NYSE SIG opened at $54.64 on Friday. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 6.29, a price-to-earnings-growth ratio of 3.83 and a beta of 2.11. 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 12 month low of $54.44 and a 12 month high of $112.06. The company’s fifty day moving average price is $74.28 and its two-hundred day moving average price is $84.38.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 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 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.24 earnings per share. As a group, research analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 24th will be issued a $0.29 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.12%. Signet Jewelers’s dividend payout ratio (DPR) is 13.35%.

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.