8,499 Shares in Signet Jewelers Limited $SIG Bought by Unison Advisors LLC

Unison Advisors LLC acquired a new stake in shares of Signet Jewelers Limited (NYSE:SIG) during the fourth quarter, Holdings Channel reports. The fund acquired 8,499 shares of the company’s stock, valued at approximately $704,000.

Several other hedge funds also recently added to or reduced their stakes in SIG. Hood River Capital Management LLC bought a new stake in shares of Signet Jewelers in the 2nd quarter worth about $56,537,000. Divisadero Street Capital Management LP bought a new position in shares of Signet Jewelers during the second quarter worth about $50,342,000. Bowen Hanes & Co. Inc. acquired a new position in Signet Jewelers in the third quarter worth about $47,837,000. LSV Asset Management grew its stake in Signet Jewelers by 263.4% in the third quarter. LSV Asset Management now owns 567,300 shares of the company’s stock worth $54,415,000 after purchasing an additional 411,200 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Signet Jewelers by 212.2% in the third quarter. JPMorgan Chase & Co. now owns 500,589 shares of the company’s stock valued at $48,016,000 after buying an additional 340,228 shares during the last quarter.

Signet Jewelers Stock Up 0.1%

Shares of NYSE SIG opened at $84.92 on Monday. The firm’s 50-day moving average price is $90.88 and its two-hundred day moving average price is $93.05. Signet Jewelers Limited has a 52-week low of $49.99 and a 52-week high of $110.20. The stock has a market capitalization of $3.40 billion, a P/E ratio of 11.91, a P/E/G ratio of 0.98 and a beta of 1.25.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Thursday, March 19th. The company reported $6.25 EPS for the quarter, beating the consensus estimate of $6.11 by $0.14. The company had revenue of ($4,468.50) million during the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a return on equity of 22.22% and a net margin of 4.32%.The business’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company earned $6.62 earnings per share. As a group, equities research analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, April 24th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, April 24th. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.32. Signet Jewelers’s dividend payout ratio (DPR) is currently 17.95%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Telsey Advisory Group restated a “market perform” rating and set a $96.00 price objective on shares of Signet Jewelers in a research note on Thursday, March 19th. Wells Fargo & Company lifted their target price on Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, March 20th. The Goldman Sachs Group upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Wall Street Zen lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, UBS Group raised their price objective on Signet Jewelers from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Signet Jewelers has a consensus rating of “Moderate Buy” and an average price target of $112.00.

Signet Jewelers Profile

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.