Signet Jewelers Limited (NYSE:SIG) Insider Sells $745,700.00 in Stock

Signet Jewelers Limited (NYSE:SIG) insider Joan M. Hilson sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $74.57, for a total value of $745,700.00. Following the transaction, the insider now directly owns 225,762 shares of the company’s stock, valued at approximately $16,835,072.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Signet Jewelers Trading Up 0.1 %

SIG stock traded up $0.09 during mid-day trading on Monday, hitting $74.95. 674,129 shares of the company were exchanged, compared to its average volume of 795,392. The business has a 50 day simple moving average of $74.27 and a 200-day simple moving average of $71.71. Signet Jewelers Limited has a 1-year low of $51.29 and a 1-year high of $83.42. The stock has a market capitalization of $3.40 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 0.95 and a beta of 2.14.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, August 31st. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. Signet Jewelers had a net margin of 6.47% and a return on equity of 34.59%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business posted $2.68 earnings per share. Signet Jewelers’s quarterly revenue was down 8.1% on a year-over-year basis. Equities research analysts expect that Signet Jewelers Limited will post 9.89 earnings per share for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, October 27th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, October 26th. Signet Jewelers’s dividend payout ratio is currently 10.47%.

Institutional Investors Weigh In On Signet Jewelers

Large investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC acquired a new stake in shares of Signet Jewelers during the 1st quarter worth approximately $28,000. Belpointe Asset Management LLC raised its holdings in shares of Signet Jewelers by 67.9% during the 1st quarter. Belpointe Asset Management LLC now owns 403 shares of the company’s stock worth $31,000 after buying an additional 163 shares in the last quarter. Quarry LP grew its position in Signet Jewelers by 274.1% in the first quarter. Quarry LP now owns 404 shares of the company’s stock valued at $31,000 after acquiring an additional 296 shares during the last quarter. Fifth Third Bancorp grew its position in Signet Jewelers by 416.3% in the first quarter. Fifth Third Bancorp now owns 413 shares of the company’s stock valued at $32,000 after acquiring an additional 333 shares during the last quarter. Finally, Kistler Tiffany Companies LLC bought a new position in Signet Jewelers in the second quarter valued at about $42,000.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SIG. Telsey Advisory Group lifted their target price on Signet Jewelers from $71.00 to $82.00 in a research report on Friday, September 1st. Wells Fargo & Company cut their price objective on Signet Jewelers from $100.00 to $95.00 in a report on Friday, June 9th. Citigroup dropped their price target on shares of Signet Jewelers from $82.00 to $68.00 in a research report on Friday, June 9th. Northcoast Research lowered shares of Signet Jewelers from a “buy” rating to a “neutral” rating in a research note on Monday, June 12th. Finally, UBS Group boosted their price objective on shares of Signet Jewelers from $90.00 to $93.00 in a research note on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $84.20.

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 Jewelers, Zales Outlet, 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.