Empowered Funds LLC Reduces Position in Signet Jewelers Limited (NYSE:SIG)

Empowered Funds LLC decreased its holdings in Signet Jewelers Limited (NYSE:SIG) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,822 shares of the company’s stock after selling 6,340 shares during the quarter. Empowered Funds LLC owned 0.19% of Signet Jewelers worth $6,604,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SIG. State Street Corp raised its holdings in shares of Signet Jewelers by 1.0% during the third quarter. State Street Corp now owns 1,756,075 shares of the company’s stock valued at $181,122,000 after purchasing an additional 16,912 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 valued at $69,093,000 after buying an additional 30,820 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Signet Jewelers by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 310,852 shares of the company’s stock valued at $32,061,000 after buying an additional 3,238 shares during the period. Rockefeller Capital Management L.P. boosted its stake 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 worth $22,494,000 after buying an additional 76,597 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Signet Jewelers by 5.9% in the third quarter. Royce & Associates LP now owns 192,721 shares of the company’s stock worth $19,877,000 after acquiring an additional 10,750 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SIG. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Bank of America dropped their price objective 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. Telsey Advisory Group reduced their target price on shares of Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company dropped their price target on shares of Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Signet Jewelers presently has a consensus rating of “Moderate Buy” and an average target price of $95.20.

Signet Jewelers Price Performance

NYSE SIG opened at $54.28 on Tuesday. 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 $52.09 and a 12 month high of $112.06. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 3.47 and a beta of 2.11. The company’s 50 day moving average is $72.42 and its two-hundred day moving average is $83.96.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, research analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 24th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Friday, January 24th. Signet Jewelers’s dividend payout ratio (DPR) is 13.35%.

About Signet Jewelers

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.