Signet Jewelers Limited (NYSE:SIG) Insider Sells $741,520.00 in Stock

Signet Jewelers Limited (NYSE:SIG) insider Joan M. Hilson sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $92.69, for a total value of $741,520.00. Following the sale, the insider now directly owns 187,377 shares of the company’s stock, valued at $17,367,974.13. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Signet Jewelers Stock Performance

SIG stock opened at $100.09 on Friday. The stock’s 50 day moving average price is $100.31 and its 200 day moving average price is $89.34. The firm has a market cap of $4.44 billion, a P/E ratio of 6.68, a PEG ratio of 1.27 and a beta of 2.13. Signet Jewelers Limited has a 1 year low of $57.10 and a 1 year high of $108.79.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.40. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the company earned $5.52 earnings per share. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, research analysts predict that Signet Jewelers Limited will post 9.65 earnings per share for the current year.

Signet Jewelers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 26th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Thursday, April 25th. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s payout ratio is currently 6.14%.

Institutional Trading of Signet Jewelers

A number of hedge funds have recently bought and sold shares of SIG. Belpointe Asset Management LLC lifted its stake 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 purchasing an additional 163 shares during the period. Quarry LP increased its stake 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 purchasing an additional 296 shares during the last quarter. Ronald Blue Trust Inc. lifted its position in Signet Jewelers by 187.2% during the third quarter. Ronald Blue Trust Inc. now owns 494 shares of the company’s stock worth $35,000 after buying an additional 322 shares during the period. Hexagon Capital Partners LLC boosted its stake in Signet Jewelers by 37.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock worth $50,000 after buying an additional 127 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in Signet Jewelers in the 1st quarter valued at about $51,000.

Analyst Upgrades and Downgrades

SIG has been the subject of several analyst reports. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Tuesday. Telsey Advisory Group reduced their target price on shares of Signet Jewelers from $105.00 to $100.00 and set a “market perform” rating for the company in a research note on Thursday, March 21st. Bank of America dropped their price target on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. Wells Fargo & Company raised their price objective on shares of Signet Jewelers from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, December 22nd. Finally, Citigroup upgraded Signet Jewelers from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $119.00 in a research report on Wednesday, December 6th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $114.60.

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 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.