Harvest Fund Management Co. Ltd Takes Position in Signet Jewelers Limited (NYSE:SIG)

Harvest Fund Management Co. Ltd purchased a new stake in shares of Signet Jewelers Limited (NYSE:SIG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 595 shares of the company’s stock, valued at approximately $64,000.

Other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its holdings in Signet Jewelers by 1.8% in the third quarter. Arizona State Retirement System now owns 12,282 shares of the company’s stock worth $882,000 after acquiring an additional 215 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Signet Jewelers by 8.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,492 shares of the company’s stock worth $251,000 after purchasing an additional 261 shares during the period. Yousif Capital Management LLC lifted its holdings in shares of Signet Jewelers by 1.6% during the fourth quarter. Yousif Capital Management LLC now owns 23,001 shares of the company’s stock worth $2,467,000 after purchasing an additional 362 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Signet Jewelers by 4.6% during the third quarter. Janney Montgomery Scott LLC now owns 10,135 shares of the company’s stock worth $728,000 after purchasing an additional 450 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of Signet Jewelers by 1.5% during the fourth quarter. New York State Common Retirement Fund now owns 36,272 shares of the company’s stock worth $3,891,000 after purchasing an additional 523 shares during the period.

Insider Activity

In related news, Director H. Todd Stitzer sold 10,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $100.09, for a total value of $1,000,900.00. Following the completion of the transaction, the director now directly owns 41,678 shares of the company’s stock, valued at approximately $4,171,551.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Signet Jewelers news, insider William Brace sold 3,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $99.00, for a total value of $297,000.00. Following the completion of the sale, the insider now directly owns 75,664 shares of the company’s stock, valued at approximately $7,490,736. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director H. Todd Stitzer sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $100.09, for a total value of $1,000,900.00. Following the sale, the director now directly owns 41,678 shares of the company’s stock, valued at $4,171,551.02. The disclosure for this sale can be found here. Insiders sold 47,254 shares of company stock worth $4,669,294 over the last three months. 4.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SIG has been the subject of a number of research reports. UBS Group lifted their target price on Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Telsey Advisory Group lifted their price target on Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Finally, Bank of America reduced their price target on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus price target of $120.20.

Signet Jewelers Price Performance

Signet Jewelers stock opened at $99.74 on Friday. The stock has a market capitalization of $4.42 billion, a PE ratio of 6.65, a price-to-earnings-growth ratio of 1.16 and a beta of 2.13. Signet Jewelers Limited has a 12 month low of $57.10 and a 12 month high of $109.17. The business has a 50 day simple moving average of $99.78 and a 200-day simple moving average of $92.99.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.40. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $5.52 earnings per share. On average, equities research analysts anticipate that Signet Jewelers Limited will post 10.6 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 26th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.23. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.16%. Signet Jewelers’s payout ratio is 6.14%.

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.