Signet Jewelers Limited (NYSE:SIG) Insider Mary Elizabeth Finn Sells 4,237 Shares of Stock

Signet Jewelers Limited (NYSE:SIG) insider Mary Elizabeth Finn sold 4,237 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $100.10, for a total transaction of $424,123.70. Following the completion of the sale, the insider now directly owns 38,821 shares in the company, valued at $3,885,982.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mary Elizabeth Finn also recently made the following trade(s):

• On Monday, September 16th, Mary Elizabeth Finn sold 3,763 shares of Signet Jewelers stock. The shares were sold at an average price of $92.32, for a total transaction of $347,400.16.
• On Friday, August 23rd, Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock. The stock was sold at an average price of $80.00, for a total value of $640,000.00.

Signet Jewelers Trading Down 0.8 %

Shares of SIG opened at $100.79 on Friday. The firm has a market cap of $4.44 billion, a P/E ratio of 11.67, a PEG 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 stock’s 50 day moving average is $88.22 and its two-hundred day moving average is $92.16.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.11. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 EPS. Equities research 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. Investors of record on Friday, October 25th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.15%. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.43%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. acquired a new position in shares of Signet Jewelers during the second quarter valued at approximately $51,000. Hexagon Capital Partners LLC increased its position in shares of Signet Jewelers by 33.4% during the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after purchasing an additional 175 shares in the last quarter. Blue Trust Inc. raised its stake in 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 purchasing an additional 122 shares during the last quarter. CWM LLC lifted its holdings in Signet Jewelers by 177.3% in the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after purchasing an additional 734 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in Signet Jewelers during the 2nd quarter worth $180,000.

Analysts Set New Price Targets

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

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.