Investors Research Corp boosted its stake in shares of Signet Jewelers (NYSE:SIG) by 193.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,325 shares of the company’s stock after purchasing an additional 12,750 shares during the quarter. Investors Research Corp’s holdings in Signet Jewelers were worth $744,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can lifted its position in Signet Jewelers by 15.8% in the fourth quarter. Bank of Montreal Can now owns 110,419 shares of the company’s stock worth $6,244,000 after purchasing an additional 15,106 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Signet Jewelers by 4.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 328,821 shares of the company’s stock worth $18,595,000 after purchasing an additional 15,077 shares during the period. Acadian Asset Management LLC bought a new position in Signet Jewelers in the fourth quarter worth $1,814,000. State of Alaska Department of Revenue lifted its position in Signet Jewelers by 76.7% in the fourth quarter. State of Alaska Department of Revenue now owns 16,240 shares of the company’s stock worth $918,000 after purchasing an additional 7,050 shares during the period. Finally, Lingohr & Partner Asset Management GmbH lifted its position in Signet Jewelers by 13.5% in the fourth quarter. Lingohr & Partner Asset Management GmbH now owns 23,613 shares of the company’s stock worth $1,335,000 after purchasing an additional 2,800 shares during the period.
Shares of NYSE:SIG opened at $38.84 on Thursday. Signet Jewelers has a twelve month low of $38.30 and a twelve month high of $39.36. The firm has a market capitalization of $2.25 billion, a PE ratio of 5.97, a price-to-earnings-growth ratio of 1.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.32 and a quick ratio of 1.12.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 4th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.81%. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, May 3rd. Signet Jewelers’s dividend payout ratio (DPR) is presently 22.73%.
Several research analysts have issued reports on SIG shares. Zacks Investment Research upgraded Signet Jewelers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. ValuEngine lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. JPMorgan Chase reiterated a “hold” rating and set a $52.00 price objective on shares of Signet Jewelers in a research note on Monday, March 12th. Wells Fargo reiterated a “hold” rating on shares of Signet Jewelers in a research note on Wednesday, March 14th. Finally, Nomura set a $45.00 price objective on Signet Jewelers and gave the stock a “buy” rating in a research note on Thursday, March 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $52.45.
In other news, CEO Virginia Drosos acquired 4,830 shares of the stock in a transaction that occurred on Friday, April 13th. The stock was purchased at an average cost of $38.73 per share, for a total transaction of $187,065.90. Following the completion of the transaction, the chief executive officer now directly owns 116,682 shares in the company, valued at $4,519,093.86. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.87% of the stock is owned by company insiders.
About Signet Jewelers
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as JamesAllen.com, an online jewelry retailer Website.
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