Signet Jewelers Limited (NYSE:SIG) CEO Virginia Drosos Sells 600 Shares of Stock

Signet Jewelers Limited (NYSE:SIG) CEO Virginia Drosos sold 600 shares of Signet Jewelers stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $101.25, for a total value of $60,750.00. Following the completion of the transaction, the chief executive officer now directly owns 728,220 shares in the company, valued at approximately $73,732,275. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Virginia Drosos also recently made the following trade(s):

• On Thursday, September 26th, Virginia Drosos sold 3,475 shares of Signet Jewelers stock. The stock was sold at an average price of $101.67, for a total transaction of $353,303.25.

Signet Jewelers Stock Down 0.8 %

Shares of Signet Jewelers stock opened at $100.79 on Friday. The stock has a market capitalization of $4.44 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 1.11 and a beta of 2.10. Signet Jewelers Limited has a 12-month low of $67.18 and a 12-month high of $112.06. The company has a 50-day simple moving average of $88.22 and a 200 day simple moving average of $92.16.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.14 by $0.11. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.55 earnings per share. On average, equities analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.15%. Signet Jewelers’s payout ratio is 13.43%.

Wall Street Analyst Weigh In

Several analysts have issued reports on SIG shares. UBS Group decreased their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Telsey Advisory Group reissued a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a research report on Wednesday, October 2nd. Wells Fargo & Company cut their price target on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, August 27th. StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a report on Thursday, October 10th. Finally, Bank of America cut their target price on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $108.60.

Hedge Funds Weigh In On Signet Jewelers

Large investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in Signet Jewelers during the 2nd quarter worth about $51,000. Hexagon Capital Partners LLC grew its holdings in Signet Jewelers by 33.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after acquiring an additional 175 shares during the period. Blue Trust Inc. raised its position in shares of Signet Jewelers by 15.3% during the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after acquiring an additional 122 shares during the last quarter. CWM LLC boosted its position in shares of Signet Jewelers by 177.3% in the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock worth $118,000 after purchasing an additional 734 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of Signet Jewelers during the second quarter worth $180,000.

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.