Charles Schwab Investment Management Inc. Acquires 1,298 Shares of Signet Jewelers Limited (NYSE:SIG)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 0.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 628,385 shares of the company’s stock after purchasing an additional 1,298 shares during the period. Charles Schwab Investment Management Inc. owned about 1.42% of Signet Jewelers worth $67,401,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its stake in shares of Signet Jewelers by 37.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock valued at $50,000 after acquiring an additional 127 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Signet Jewelers in the fourth quarter worth approximately $64,000. Greenleaf Trust bought a new stake in Signet Jewelers during the 4th quarter valued at $202,000. Channel Wealth LLC purchased a new position in shares of Signet Jewelers in the fourth quarter valued at about $215,000. Finally, Laidlaw Wealth Management LLC bought a new position in shares of Signet Jewelers during the third quarter valued at about $216,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SIG shares. UBS Group increased their price objective on Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Telsey Advisory Group lifted their target price on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. Finally, Bank of America decreased their price target on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $120.20.

Signet Jewelers Price Performance

Shares of Signet Jewelers stock opened at $102.21 on Thursday. Signet Jewelers Limited has a 1 year low of $57.10 and a 1 year high of $109.17. The company has a 50-day moving average of $98.20 and a 200 day moving average of $95.81. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 6.82, a PEG ratio of 1.17 and a beta of 2.15.

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

Signet Jewelers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.13%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, April 25th. Signet Jewelers’s dividend payout ratio (DPR) is currently 7.74%.

Insiders Place Their Bets

In related news, CAO Vincent Ciccolini sold 4,000 shares of Signet Jewelers 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 completion of the sale, the chief accounting officer now directly owns 46,076 shares in the company, valued at approximately $4,683,164.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Vincent Ciccolini sold 4,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $101.64, for a total transaction of $406,560.00. Following the transaction, the chief accounting officer now directly owns 46,076 shares of the company’s stock, valued at approximately $4,683,164.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 completion of the transaction, the director now directly owns 41,678 shares in the company, valued at $4,171,551.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,254 shares of company stock valued at $5,075,854. Corporate insiders own 4.54% 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.