O Shaughnessy Asset Management LLC Acquires 16,990 Shares of Signet Jewelers Limited (NYSE:SIG)

O Shaughnessy Asset Management LLC grew its holdings in Signet Jewelers Limited (NYSE:SIG) by 209.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,092 shares of the company’s stock after purchasing an additional 16,990 shares during the period. O Shaughnessy Asset Management LLC owned about 0.06% of Signet Jewelers worth $2,511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SIG. Hexagon Capital Partners LLC grew its holdings in shares of Signet Jewelers by 37.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock worth $50,000 after acquiring an additional 127 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Signet Jewelers in the fourth quarter worth $64,000. Quadrant Capital Group LLC grew its holdings in shares of Signet Jewelers by 55.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,532 shares of the company’s stock worth $164,000 after acquiring an additional 544 shares during the period. Greenleaf Trust bought a new stake in shares of Signet Jewelers in the fourth quarter worth $202,000. Finally, Privium Fund Management UK Ltd bought a new stake in shares of Signet Jewelers in the fourth quarter worth $216,000.

Signet Jewelers Stock Down 3.5 %

Shares of Signet Jewelers stock opened at $82.02 on Thursday. The stock’s 50-day simple moving average is $94.42 and its 200-day simple moving average is $97.75. Signet Jewelers Limited has a 52 week low of $65.12 and a 52 week high of $112.06. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.91 and a beta of 2.16.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, June 13th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.82 by $0.29. Signet Jewelers had a return on equity of 32.51% and a net margin of 10.91%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The business’s revenue was down 9.4% on a year-over-year basis. On average, equities analysts expect that Signet Jewelers Limited will post 10.6 earnings per share for the current year.

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.16 annualized dividend and a dividend yield of 1.41%. Signet Jewelers’s payout ratio is 9.43%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SIG shares. Wells Fargo & Company lifted their price objective on Signet Jewelers from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Citigroup reiterated a “buy” rating and set a $119.00 target price on shares of Signet Jewelers in a research report on Friday, June 14th. Telsey Advisory Group reiterated a “market perform” rating and set a $105.00 target price on shares of Signet Jewelers in a research report on Wednesday. UBS Group lifted their target price on Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.20.

Insider Activity

In other news, CAO Vincent Ciccolini sold 4,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $101.64, for a total value of $406,560.00. Following the transaction, the chief accounting officer now directly owns 46,076 shares in the company, valued at $4,683,164.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Vincent Ciccolini sold 4,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $101.64, for a total value of $406,560.00. Following the sale, the chief accounting officer now directly owns 46,076 shares in the company, valued at $4,683,164.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Rebecca Wooters sold 3,000 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $90.34, for a total value of $271,020.00. Following the completion of the sale, the insider now owns 90,494 shares in the company, valued at $8,175,227.96. The disclosure for this sale can be found here. Insiders have sold 44,439 shares of company stock worth $3,905,479 over the last ninety days. Corporate insiders own 3.26% of the company’s stock.

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.