Teacher Retirement System of Texas Sells 3,250 Shares of Signet Jewelers Limited (NYSE:SIG)

Teacher Retirement System of Texas trimmed its stake in Signet Jewelers Limited (NYSE:SIG) by 21.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,731 shares of the company’s stock after selling 3,250 shares during the period. Teacher Retirement System of Texas’ holdings in Signet Jewelers were worth $947,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its position in Signet Jewelers by 149.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock worth $57,000 after buying an additional 421 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Signet Jewelers during the 3rd quarter valued at approximately $77,000. KBC Group NV increased its holdings in Signet Jewelers by 34.6% in the 4th quarter. KBC Group NV now owns 1,740 shares of the company’s stock worth $140,000 after acquiring an additional 447 shares in the last quarter. Virtu Financial LLC bought a new stake in Signet Jewelers during the 3rd quarter worth approximately $210,000. Finally, HighTower Advisors LLC purchased a new position in Signet Jewelers during the third quarter valued at approximately $225,000.

Signet Jewelers Price Performance

NYSE:SIG opened at $58.84 on Friday. The company has a market capitalization of $2.56 billion, a P/E ratio of 6.77, a P/E/G ratio of 3.43 and a beta of 2.20. The business’s 50-day moving average is $54.46 and its 200 day moving average is $77.71. 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 Limited has a 12 month low of $45.55 and a 12 month high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, beating analysts’ consensus estimates of $6.39 by $0.23. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.33 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $6.73 EPS. On average, equities research analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be paid a dividend of $0.32 per share. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 2.18%. The ex-dividend date is Friday, April 25th. Signet Jewelers’s payout ratio is presently -168.42%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SIG shares. Bank of America reduced their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Wells Fargo & Company dropped their price objective on Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Telsey Advisory Group reissued a “market perform” rating and set a $55.00 target price on shares of Signet Jewelers in a research note on Wednesday, March 19th. Finally, Cfra Research upgraded Signet Jewelers to a “moderate buy” rating in a research note on Thursday, March 20th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Signet Jewelers currently has an average rating of “Moderate Buy” and an average price target of $81.60.

Insider Buying and Selling at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction that occurred on 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 in the company, valued at approximately $1,231,565.76. The trade was a 12.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.26% of the company’s stock.

Signet Jewelers 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.