Raymond James Financial Services Advisors Inc. Has $570,000 Stake in Signet Jewelers Limited (NYSE:SIG)

Raymond James Financial Services Advisors Inc. trimmed its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 33.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,311 shares of the company’s stock after selling 2,612 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Signet Jewelers were worth $570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SIG. Eminence Capital LP acquired a new stake in Signet Jewelers in the 3rd quarter valued at $40,962,000. Millennium Management LLC increased its stake in Signet Jewelers by 857.4% in the 4th quarter. Millennium Management LLC now owns 457,101 shares of the company’s stock valued at $31,083,000 after buying an additional 409,355 shares during the last quarter. Norges Bank bought a new position in shares of Signet Jewelers in the 4th quarter valued at about $21,605,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Signet Jewelers in the 3rd quarter valued at about $19,826,000. Finally, Renaissance Technologies LLC bought a new position in shares of Signet Jewelers in the 1st quarter valued at about $17,484,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Bank of America decreased their price objective on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. UBS Group lifted their price objective on shares of 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 shares of Signet Jewelers from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, December 22nd. Finally, Telsey Advisory Group lifted their target price on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Signet Jewelers has an average rating of “Hold” and a consensus price target of $120.20.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $93.96 on Friday. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 1.14 and a beta of 2.13. The company has a 50-day simple moving average of $100.20 and a 200 day simple moving average of $92.01. Signet Jewelers Limited has a 52 week low of $57.10 and a 52 week high of $109.17.

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

Signet Jewelers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 26th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.23%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s payout ratio is currently 6.14%.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, CEO Virginia Drosos sold 10,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $99.85, for a total value of $998,500.00. Following the completion of the sale, the chief executive officer now owns 922,740 shares of the company’s stock, valued at approximately $92,135,589. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director H. Todd Stitzer sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $102.41, for a total value of $512,050.00. Following the completion of the transaction, the director now directly owns 56,678 shares in the company, valued at approximately $5,804,393.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Virginia Drosos sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $99.85, for a total transaction of $998,500.00. Following the completion of the transaction, the chief executive officer now owns 922,740 shares of the company’s stock, valued at $92,135,589. The disclosure for this sale can be found here. Insiders sold 56,254 shares of company stock valued at $5,558,494 in the last quarter. Company 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.