Insider Selling: Signet Jewelers Limited (NYSE:SIG) Insider Sells 22,151 Shares of Stock

Signet Jewelers Limited (NYSE:SIG) insider Rebecca Wooters sold 22,151 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $99.00, for a total value of $2,192,949.00. Following the completion of the transaction, the insider now directly owns 68,343 shares of the company’s stock, valued at $6,765,957. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock opened at $100.97 on Friday. The stock has a 50 day moving average of $83.35 and a 200 day moving average of $92.06. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 1.11 and a beta of 2.10. Signet Jewelers Limited has a fifty-two week low of $65.12 and a fifty-two week high of $112.06.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. The business had revenue of $1.49 billion during 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 company’s revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.55 EPS. Analysts forecast that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s dividend payout ratio (DPR) is 9.43%.

Analyst Upgrades and Downgrades

SIG has been the topic of several research reports. StockNews.com raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Citigroup restated a “buy” rating and set a $119.00 target price on shares of Signet Jewelers in a report on Friday, June 14th. Telsey Advisory Group cut their price target on Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating for the company in a report on Monday, September 9th. UBS Group lowered their price objective on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

Hedge Funds Weigh In On Signet Jewelers

A number of hedge funds have recently made changes to their positions in SIG. Lazard Asset Management LLC raised its position in Signet Jewelers by 6.8% in the first quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after purchasing an additional 116 shares during the period. Blue Trust Inc. raised its holdings in shares of Signet Jewelers by 15.3% in the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after buying an additional 122 shares during the period. SummerHaven Investment Management LLC lifted its stake in Signet Jewelers by 1.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock worth $932,000 after acquiring an additional 144 shares in the last quarter. Commerce Bank boosted its holdings in Signet Jewelers by 5.3% during the 4th quarter. Commerce Bank now owns 2,941 shares of the company’s stock valued at $315,000 after acquiring an additional 148 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Signet Jewelers by 5.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock valued at $303,000 after acquiring an additional 156 shares in the last quarter.

About Signet Jewelers

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.