TD Private Client Wealth LLC Has $33,000 Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

TD Private Client Wealth LLC trimmed its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 53.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 408 shares of the company’s stock after selling 476 shares during the quarter. TD Private Client Wealth LLC’s holdings in Signet Jewelers were worth $33,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SIG. Janney Montgomery Scott LLC boosted its stake in Signet Jewelers by 3.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,517 shares of the company’s stock valued at $526,000 after buying an additional 205 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Signet Jewelers by 0.9% in the 3rd quarter. Franklin Resources Inc. now owns 34,122 shares of the company’s stock valued at $3,330,000 after purchasing an additional 288 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Signet Jewelers by 3.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,498 shares of the company’s stock worth $1,083,000 after purchasing an additional 330 shares in the last quarter. Xponance Inc. lifted its holdings in Signet Jewelers by 12.2% during the 4th quarter. Xponance Inc. now owns 3,149 shares of the company’s stock valued at $254,000 after purchasing an additional 343 shares during the last quarter. Finally, Atria Investments Inc boosted its position in Signet Jewelers by 14.5% in the fourth quarter. Atria Investments Inc now owns 2,815 shares of the company’s stock valued at $227,000 after buying an additional 356 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SIG shares. Cfra Research raised shares of Signet Jewelers to a “moderate buy” rating in a report on Thursday, March 20th. Bank of America cut their price objective on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Telsey Advisory Group restated a “market perform” rating and set a $55.00 target price on shares of Signet Jewelers in a report on Wednesday, March 19th. Wells Fargo & Company cut their price target on Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. Finally, UBS Group increased their price objective on shares of Signet Jewelers from $85.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.60.

Signet Jewelers Trading Up 0.7 %

Shares of SIG opened at $60.70 on Thursday. The stock’s fifty day simple moving average is $54.36 and its 200-day simple moving average is $77.94. The firm has a market capitalization of $2.64 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $112.06. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.39 by $0.23. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $6.73 EPS. As a group, research analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be paid 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 2.11%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.29. Signet Jewelers’s dividend payout ratio is -168.42%.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the transaction, the director now owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. This represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.26% of the stock is owned by corporate 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.