Bryce Point Capital LLC Invests $1.53 Million in Signet Jewelers Limited (NYSE:SIG)

Bryce Point Capital LLC purchased a new stake in Signet Jewelers Limited (NYSE:SIG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,959 shares of the company’s stock, valued at approximately $1,530,000.

A number of other hedge funds have also recently added to or reduced their stakes in SIG. Cerity Partners LLC grew its position in Signet Jewelers by 52.0% in the third quarter. Cerity Partners LLC now owns 13,875 shares of the company’s stock worth $1,431,000 after acquiring an additional 4,747 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Signet Jewelers in the 3rd quarter valued at $481,000. BNP Paribas Financial Markets boosted its holdings in Signet Jewelers by 11.1% in the third quarter. BNP Paribas Financial Markets now owns 40,661 shares of the company’s stock worth $4,194,000 after purchasing an additional 4,065 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Signet Jewelers by 3.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,498 shares of the company’s stock worth $1,083,000 after buying an additional 330 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Signet Jewelers by 1.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 97,840 shares of the company’s stock valued at $10,091,000 after buying an additional 1,304 shares in the last quarter.

Signet Jewelers Trading Up 2.2 %

Shares of SIG stock opened at $59.35 on Wednesday. The firm has a market capitalization of $2.55 billion, a P/E ratio of 6.83, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $112.06. The firm’s fifty day simple moving average is $54.52 and its 200 day simple moving average is $77.28. 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 (NYSE:SIG) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.39 by $0.23. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the firm posted $6.73 EPS. The business’s revenue was down 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be given a $0.32 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.16%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.29. Signet Jewelers’s dividend payout ratio (DPR) is currently -168.42%.

Analysts Set New Price Targets

A number of research analysts have recently commented on SIG shares. Wells Fargo & Company lowered their price objective on Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. UBS Group lifted 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. Bank of America reduced their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Telsey Advisory Group reiterated a “market perform” rating and issued a $55.00 target price on shares of Signet Jewelers in a research note on Wednesday, March 19th. Finally, Cfra Research raised shares of Signet Jewelers to a “moderate 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 given a buy rating to the stock. According to MarketBeat, Signet Jewelers has an average rating of “Moderate Buy” and a consensus target price of $81.60.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, CEO James Kevin Symancyk acquired 15,000 shares of Signet Jewelers stock in a transaction dated Monday, March 31st. The stock was bought at an average cost of $57.45 per share, with a total value of $861,750.00. Following the acquisition, the chief executive officer now owns 50,710 shares of the company’s stock, valued at approximately $2,913,289.50. The trade was a 42.01 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 22,752 shares in the company, valued at approximately $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 insiders.

Signet Jewelers Company 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.