Signet Jewelers (NYSE:SIG) Stock Price Down 3.2% – Should You Sell?

Signet Jewelers Limited (NYSE:SIG) shares traded down 3.2% during trading on Thursday . The company traded as low as $77.77 and last traded at $78.14. 319,934 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 857,751 shares. The stock had previously closed at $80.71.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SIG shares. Telsey Advisory Group reissued a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a research note on Thursday, December 5th. UBS Group cut their price objective on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Wells Fargo & Company lifted their price target on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Bank of America decreased their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Signet Jewelers presently has a consensus rating of “Moderate Buy” and an average price target of $109.60.

Signet Jewelers Stock Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 1.04 and a beta of 2.13. The firm has a 50-day simple moving average of $90.69 and a two-hundred day simple moving average of $88.65.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the company earned $0.24 earnings per share. Signet Jewelers’s quarterly revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Signet Jewelers Limited will post 9.88 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.16 dividend on an annualized basis and a yield of 1.50%. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.35%.

Insiders Place Their Bets

In other Signet Jewelers news, CEO Virginia Drosos sold 600 shares of Signet Jewelers stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $101.25, for a total transaction of $60,750.00. Following the completion of the sale, the chief executive officer now directly owns 728,220 shares of the company’s stock, valued at $73,732,275. The trade was a 0.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $332,066.79. Following the completion of the transaction, the director now owns 26,085 shares in the company, valued at approximately $2,598,848.55. The trade was a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,170 shares of company stock worth $1,573,500 in the last quarter. 3.26% of the stock is owned by company insiders.

Hedge Funds Weigh In On Signet Jewelers

Several hedge funds have recently added to or reduced their stakes in SIG. Harbor Capital Advisors Inc. purchased a new position in shares of Signet Jewelers during the third quarter worth about $25,000. Brown Brothers Harriman & Co. purchased a new position in Signet Jewelers during the 2nd quarter worth approximately $51,000. Erste Asset Management GmbH purchased a new position in Signet Jewelers during the 3rd quarter worth approximately $77,000. CWM LLC increased its position in Signet Jewelers by 177.3% during the third quarter. CWM LLC now owns 1,148 shares of the company’s stock worth $118,000 after buying an additional 734 shares during the period. Finally, KBC Group NV lifted its stake in Signet Jewelers by 25.5% in the third quarter. KBC Group NV now owns 1,293 shares of the company’s stock valued at $133,000 after buying an additional 263 shares during the last quarter.

Signet Jewelers Company Profile

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.