Insider Selling: Signet Jewelers Limited (NYSE:SIG) Insider Sells 8,000 Shares of Stock

Signet Jewelers Limited (NYSE:SIG) insider Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $80.00, for a total value of $640,000.00. Following the completion of the transaction, the insider now directly owns 46,821 shares in the company, valued at $3,745,680. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, July 18th, Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock. The shares were sold at an average price of $86.94, for a total value of $695,520.00.

Signet Jewelers Trading Down 0.4 %

Shares of SIG opened at $82.67 on Thursday. Signet Jewelers Limited has a 1-year low of $65.12 and a 1-year high of $112.06. The firm’s 50-day moving average price is $83.15 and its 200-day moving average price is $94.18. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 0.83 and a beta of 2.16.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, June 13th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.29. Signet Jewelers had a return on equity of 32.51% and a net margin of 10.91%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the firm posted $1.78 EPS. The business’s revenue was down 9.4% on a year-over-year basis. On average, research analysts forecast that Signet Jewelers Limited will post 10.6 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, July 26th. Signet Jewelers’s dividend payout ratio is currently 9.43%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SIG shares. Citigroup reiterated a “buy” rating and set a $119.00 price target on shares of Signet Jewelers in a report on Friday, June 14th. StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a report on Tuesday. Telsey Advisory Group restated a “market perform” rating and set a $105.00 price target on shares of Signet Jewelers in a report on Wednesday, July 24th. Finally, Wells Fargo & Company lowered their price target on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.20.

Institutional Trading of Signet Jewelers

A number of hedge funds have recently modified their holdings of SIG. Nordea Investment Management AB increased its stake in shares of Signet Jewelers by 25.0% in the 1st quarter. Nordea Investment Management AB now owns 76,951 shares of the company’s stock worth $7,627,000 after acquiring an additional 15,376 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Signet Jewelers during the first quarter valued at approximately $1,093,000. Illinois Municipal Retirement Fund lifted its holdings in shares of Signet Jewelers by 97.3% during the first quarter. Illinois Municipal Retirement Fund now owns 45,593 shares of the company’s stock valued at $4,562,000 after purchasing an additional 22,482 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Signet Jewelers in the 4th quarter worth approximately $1,370,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Signet Jewelers by 28.2% in the 4th quarter. BNP Paribas Financial Markets now owns 65,723 shares of the company’s stock worth $7,049,000 after purchasing an additional 14,465 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.