Janus Henderson Group PLC Buys 181,207 Shares of Signet Jewelers Limited (NYSE:SIG)

Janus Henderson Group PLC grew its stake in Signet Jewelers Limited (NYSE:SIG) by 38.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 656,005 shares of the company’s stock after purchasing an additional 181,207 shares during the quarter. Janus Henderson Group PLC owned about 1.47% of Signet Jewelers worth $65,646,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SIG. Paloma Partners Management Co purchased a new position in shares of Signet Jewelers during the first quarter valued at about $228,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Signet Jewelers by 4.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,791 shares of the company’s stock worth $3,682,000 after acquiring an additional 1,535 shares during the period. Lazard Asset Management LLC raised its position in shares of Signet Jewelers by 6.8% in the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock worth $183,000 after acquiring an additional 116 shares in the last quarter. Boulder Hill Capital Management LP bought a new stake in shares of Signet Jewelers during the first quarter valued at approximately $3,773,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Signet Jewelers by 5.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 49,521 shares of the company’s stock valued at $4,956,000 after purchasing an additional 2,368 shares in the last quarter.

Signet Jewelers Price Performance

NYSE SIG traded down $0.63 during mid-day trading on Tuesday, reaching $84.13. The stock had a trading volume of 481,584 shares, compared to its average volume of 773,750. Signet Jewelers Limited has a 1 year low of $65.12 and a 1 year high of $112.06. The stock has a market cap of $3.75 billion, a PE ratio of 6.90, a price-to-earnings-growth ratio of 0.89 and a beta of 2.17. The company has a fifty day moving average price of $93.46 and a 200 day moving average price of $97.37.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, June 13th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 EPS. As a group, equities research 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 announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.38%. Signet Jewelers’s dividend payout ratio is currently 9.43%.

Insider Transactions at Signet Jewelers

In related news, insider Joan M. Hilson sold 8,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $91.81, for a total value of $734,480.00. Following the completion of the sale, the insider now directly owns 189,231 shares of the company’s stock, valued at approximately $17,373,298.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Joan M. Hilson sold 8,000 shares of Signet Jewelers stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $91.81, for a total transaction of $734,480.00. Following the sale, the insider now owns 189,231 shares in the company, valued at $17,373,298.11. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Rebecca Wooters sold 3,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $90.34, for a total value of $271,020.00. Following the transaction, the insider now owns 90,494 shares of the company’s stock, valued at approximately $8,175,227.96. The disclosure for this sale can be found here. Insiders have sold 40,439 shares of company stock worth $3,498,919 in the last 90 days. 3.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SIG has been the topic of a number of research reports. Telsey Advisory Group restated a “market perform” rating and set a $105.00 target price on shares of Signet Jewelers in a report on Wednesday, July 24th. Citigroup reissued a “buy” rating and issued a $119.00 price target on shares of Signet Jewelers in a research report on Friday, June 14th. UBS Group raised their price objective on Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Wells Fargo & Company lifted their price objective on Signet Jewelers from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, June 3rd. Finally, StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Signet Jewelers currently has an average rating of “Moderate Buy” and a consensus price target of $120.20.

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.