Insider Selling: Signet Jewelers Limited (NYSE:SIG) Director Sells 10,000 Shares of Stock

Signet Jewelers Limited (NYSE:SIG) Director H. Todd Stitzer sold 10,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $100.09, for a total value of $1,000,900.00. Following the sale, the director now directly owns 41,678 shares of the company’s stock, valued at approximately $4,171,551.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

H. Todd Stitzer also recently made the following trade(s):

• On Tuesday, April 9th, H. Todd Stitzer sold 5,000 shares of Signet Jewelers stock. The stock was sold at an average price of $102.41, for a total transaction of $512,050.00.

Signet Jewelers Trading Up 1.2 %

Shares of SIG stock opened at $99.74 on Friday. The stock has a market cap of $4.42 billion, a P/E ratio of 6.65, a price-to-earnings-growth ratio of 1.19 and a beta of 2.13. Signet Jewelers Limited has a 1 year low of $57.10 and a 1 year high of $109.17. The stock has a 50 day simple moving average of $99.78 and a 200 day simple moving average of $92.99.

Signet Jewelers (NYSE:SIG) last released its earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share 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 firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the company posted $5.52 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. Analysts forecast that Signet Jewelers Limited will post 10.6 EPS for the current year.

Signet Jewelers Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SIG shares. Telsey Advisory Group raised their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, April 4th. StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Bank of America decreased their price objective on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Finally, UBS Group lifted their target price on Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $120.20.

Hedge Funds Weigh In On Signet Jewelers

Several hedge funds and other institutional investors have recently made changes to their positions in SIG. Ronald Blue Trust Inc. increased its stake in Signet Jewelers by 187.2% in the third quarter. Ronald Blue Trust Inc. now owns 494 shares of the company’s stock valued at $35,000 after acquiring an additional 322 shares during the last quarter. Coronation Fund Managers Ltd. bought a new position in shares of Signet Jewelers in the 3rd quarter valued at $2,650,000. Raymond James & Associates increased its stake in shares of Signet Jewelers by 378.9% in the 3rd quarter. Raymond James & Associates now owns 43,040 shares of the company’s stock valued at $3,091,000 after purchasing an additional 34,053 shares during the last quarter. Simon Quick Advisors LLC bought a new stake in shares of Signet Jewelers during the 3rd quarter worth $227,000. Finally, GW Henssler & Associates Ltd. acquired a new stake in Signet Jewelers during the 3rd quarter worth approximately $234,000.

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.