Insider Selling: Signet Jewelers Limited (NYSE:SIG) Director Sells 3,333 Shares of Stock

Signet Jewelers Limited (NYSE:SIG) Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $99.63, for a total transaction of $332,066.79. Following the sale, the director now directly owns 26,085 shares of the company’s stock, valued at approximately $2,598,848.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Signet Jewelers Stock Performance

Shares of SIG opened at $91.87 on Friday. The stock has a 50-day moving average of $90.60 and a two-hundred day moving average of $91.89. The stock has a market cap of $4.05 billion, a P/E ratio of 10.63, a P/E/G ratio of 1.08 and a beta of 2.10. Signet Jewelers Limited has a one year low of $67.18 and a one year high of $112.06.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.11. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the business posted $1.55 earnings per share. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. Analysts predict that Signet Jewelers Limited will post 10.8 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s dividend payout ratio (DPR) is currently 13.43%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. acquired a new stake in Signet Jewelers during the 2nd quarter worth about $51,000. Hexagon Capital Partners LLC boosted its stake in shares of Signet Jewelers by 33.4% in the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after buying an additional 175 shares during the last quarter. Blue Trust Inc. grew its holdings in Signet Jewelers by 15.3% during the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after acquiring an additional 122 shares during the period. CWM LLC raised its position in Signet Jewelers by 177.3% during the third quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after acquiring an additional 734 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in Signet Jewelers by 6.8% in the first quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after acquiring an additional 116 shares during the period.

Analyst Ratings Changes

SIG has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group dropped their target price on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Bank of America lowered their price target on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $87.00 price objective on shares of Signet Jewelers in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Signet Jewelers presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.60.

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.