James Kevin Symancyk Acquires 15,000 Shares of Signet Jewelers Limited (NYSE:SIG) Stock

Signet Jewelers Limited (NYSE:SIG) CEO James Kevin Symancyk bought 15,000 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was purchased at an average price of $57.45 per share, with a total value of $861,750.00. Following the transaction, the chief executive officer now owns 50,710 shares in the company, valued at approximately $2,913,289.50. This represents a 42.01 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Signet Jewelers Stock Up 2.2 %

SIG opened at $59.35 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $112.06. The stock’s 50 day moving average price is $54.52 and its 200 day moving average price is $77.28. The stock has a market cap of $2.55 billion, a P/E ratio of 6.83, a P/E/G ratio of 3.43 and a beta of 2.20.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, beating analysts’ consensus estimates of $6.39 by $0.23. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations 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 was down 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $6.73 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Friday, April 25th. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.29. Signet Jewelers’s dividend payout ratio (DPR) is currently -168.42%.

Institutional Investors Weigh In On Signet Jewelers

A number of institutional investors have recently added to or reduced their stakes in SIG. Smartleaf Asset Management LLC raised its stake in shares of Signet Jewelers by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock worth $57,000 after buying an additional 421 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Signet Jewelers during the third quarter worth about $77,000. Sterling Capital Management LLC grew its holdings in Signet Jewelers by 832.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,362 shares of the company’s stock worth $110,000 after acquiring an additional 1,216 shares during the period. CIBC Private Wealth Group LLC raised its position in Signet Jewelers by 32.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company’s stock worth $123,000 after acquiring an additional 410 shares in the last quarter. Finally, KBC Group NV lifted its holdings in Signet Jewelers by 34.6% in the 4th quarter. KBC Group NV now owns 1,740 shares of the company’s stock valued at $140,000 after acquiring an additional 447 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group lifted 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. Bank of America lowered their price objective on shares of 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 reissued a “market perform” rating and issued a $55.00 target price on shares of Signet Jewelers in a report on Wednesday, March 19th. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Cfra Research upgraded Signet Jewelers to a “moderate buy” rating in a research report on Thursday, March 20th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and an average price target of $81.60.

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.