Signet Jewelers Limited (NYSE:SIG) Insider Sells $486,237.43 in Stock

Signet Jewelers Limited (NYSE:SIG) insider Mary Elizabeth Finn sold 5,431 shares of Signet Jewelers stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $89.53, for a total transaction of $486,237.43. Following the completion of the transaction, the insider now owns 60,416 shares in the company, valued at $5,409,044.48. 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 Tuesday, January 16th, Mary Elizabeth Finn sold 5,431 shares of Signet Jewelers stock. The shares were sold at an average price of $93.66, for a total transaction of $508,667.46.

Signet Jewelers Price Performance

SIG stock traded up $2.98 on Tuesday, hitting $98.10. 832,403 shares of the company were exchanged, compared to its average volume of 712,949. Signet Jewelers Limited has a twelve month low of $57.10 and a twelve month high of $108.79. The business’s fifty day moving average is $100.13 and its two-hundred day moving average is $89.03. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 1.18 and a beta of 2.13.

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

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be given a dividend of $0.29 per share. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, April 25th. This represents a $1.16 annualized dividend and a yield of 1.18%. Signet Jewelers’s dividend payout ratio is 6.14%.

Wall Street Analyst Weigh In

SIG has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Signet Jewelers from $138.00 to $134.00 and set a “buy” rating on the stock in a research note on Tuesday, March 19th. Telsey Advisory Group lowered their target price on shares of Signet Jewelers from $105.00 to $100.00 and set a “market perform” rating on the stock in a research report on Thursday, March 21st. Wells Fargo & Company upped their target price on shares of Signet Jewelers from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, December 22nd. Bank of America reduced their price target on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Finally, StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $114.60.

Institutional Investors Weigh In On Signet Jewelers

Several large investors have recently made changes to their positions in SIG. Raymond James Financial Services Advisors Inc. increased its position in shares of Signet Jewelers by 1.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,524 shares of the company’s stock worth $1,856,000 after acquiring an additional 404 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Signet Jewelers in the first quarter worth $377,000. Rhumbline Advisers increased its position in shares of Signet Jewelers by 7.1% in the first quarter. Rhumbline Advisers now owns 136,265 shares of the company’s stock worth $9,906,000 after acquiring an additional 9,028 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Signet Jewelers by 3.7% in the first quarter. Great West Life Assurance Co. Can now owns 50,017 shares of the company’s stock worth $3,742,000 after acquiring an additional 1,772 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Signet Jewelers by 188.0% during the 1st quarter. Sei Investments Co. now owns 34,675 shares of the company’s stock valued at $2,521,000 after purchasing an additional 22,633 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 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.