ExodusPoint Capital Management LP Increases Holdings in Signet Jewelers Limited (NYSE:SIG)

ExodusPoint Capital Management LP boosted its position in Signet Jewelers Limited (NYSE:SIG) by 463.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,478 shares of the company’s stock after purchasing an additional 64,554 shares during the period. ExodusPoint Capital Management LP owned about 0.18% of Signet Jewelers worth $6,334,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of Signet Jewelers by 149.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock valued at $57,000 after buying an additional 421 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Signet Jewelers by 32.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company’s stock valued at $123,000 after acquiring an additional 410 shares in the last quarter. KBC Group NV raised its position in Signet Jewelers by 34.6% during the fourth quarter. KBC Group NV now owns 1,740 shares of the company’s stock worth $140,000 after acquiring an additional 447 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Signet Jewelers in the third quarter valued at about $210,000. Finally, HighTower Advisors LLC purchased a new position in shares of Signet Jewelers during the 3rd quarter worth approximately $225,000.

Insider Buying and Selling at Signet Jewelers

In other news, CEO James Kevin Symancyk bought 15,000 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of $57.45 per share, for a total transaction of $861,750.00. Following the acquisition, the chief executive officer now owns 50,710 shares of the company’s stock, valued at $2,913,289.50. This trade represents a 42.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Eugenia Ulasewicz sold 3,333 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were 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 owns 22,752 shares in the company, valued at $1,231,565.76. The trade was a 12.78 % decrease in their position. The disclosure for this sale can be found here. 3.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SIG has been the topic of a number of recent research reports. Wells Fargo & Company reduced their target price on Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. UBS Group increased their price objective on Signet Jewelers from $85.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Cfra Research raised shares of Signet Jewelers to a “moderate buy” rating in a research note on Thursday, March 20th. Bank of America reduced their target price on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $55.00 price objective on shares of Signet Jewelers in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.60.

Signet Jewelers Stock Up 0.1 %

Shares of NYSE:SIG opened at $54.75 on Friday. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $112.06. The stock’s 50-day moving average price is $54.31 and its two-hundred day moving average price is $76.63. 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 firm has a market cap of $2.35 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 3.43 and a beta of 1.63.

Signet Jewelers (NYSE:SIG) last released its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share (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 net margin of 8.57% and a return on equity of 28.69%. Signet Jewelers’s revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.73 earnings per share. On average, research analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be issued a $0.32 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.28 dividend on an annualized basis and a yield of 2.34%. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.29. Signet Jewelers’s dividend payout ratio (DPR) is presently -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.