American Century Companies Inc. Increases Holdings in Signet Jewelers Limited (NYSE:SIG)

American Century Companies Inc. grew its holdings in Signet Jewelers Limited (NYSE:SIG) by 18.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,150,441 shares of the company’s stock after acquiring an additional 182,948 shares during the quarter. American Century Companies Inc. owned about 2.65% of Signet Jewelers worth $92,852,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. William Blair Investment Management LLC boosted its holdings in Signet Jewelers by 33.2% in the fourth quarter. William Blair Investment Management LLC now owns 309,129 shares of the company’s stock valued at $24,950,000 after purchasing an additional 76,966 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Signet Jewelers by 54.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 218,096 shares of the company’s stock valued at $22,494,000 after buying an additional 76,597 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Signet Jewelers by 36.3% in 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 last quarter. Charles Schwab Investment Management Inc. raised its stake in Signet Jewelers by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 669,896 shares of the company’s stock worth $69,093,000 after acquiring an additional 30,820 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in Signet Jewelers in the fourth quarter valued at $2,418,000.

Insider Activity at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction of $180,415.29. Following the completion of the transaction, the director now directly owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. This represents a 12.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.26% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Bank of America dropped their price objective on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $55.00 price target on shares of Signet Jewelers in a research report on Wednesday, March 19th. Wells Fargo & Company decreased their price objective on Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, UBS Group upped their price target on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.60.

Signet Jewelers Trading Up 5.7 %

Shares of SIG stock opened at $61.37 on Tuesday. The company has a market capitalization of $2.67 billion, a P/E ratio of 7.06, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $54.27 and its two-hundred day moving average is $78.18. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $112.06.

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

Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be issued 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 2.09%. The ex-dividend date of this dividend is Friday, April 25th. Signet Jewelers’s dividend payout ratio is currently -168.42%.

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.