Insider Selling: Signet Jewelers Limited (NYSE:SIG) Director Sells $512,050.00 in Stock

Signet Jewelers Limited (NYSE:SIG) Director H. Todd Stitzer sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $102.41, for a total value of $512,050.00. Following the completion of the transaction, the director now owns 56,678 shares in the company, valued at approximately $5,804,393.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Signet Jewelers Trading Down 0.2 %

Shares of SIG opened at $96.46 on Thursday. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 6.43, a PEG ratio of 1.12 and a beta of 2.13. The stock has a 50 day moving average of $100.34 and a 200 day moving average of $91.99. Signet Jewelers Limited has a 12 month low of $57.10 and a 12 month high of $109.17.

Signet Jewelers (NYSE:SIG) last released its earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the business posted $5.52 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities research analysts predict that Signet Jewelers Limited will post 10.6 earnings per share 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 given a $0.29 dividend. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.23. This represents a $1.16 dividend on an annualized basis and a yield of 1.20%. 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

SIG has been the topic of a number of recent research reports. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. UBS Group raised their target price on Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Wells Fargo & Company raised their target price on Signet Jewelers from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, December 22nd. Bank of America dropped their target price 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, Telsey Advisory Group increased their price target on Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $120.20.

Institutional Trading of Signet Jewelers

A number of large investors have recently bought and sold shares of SIG. Raymond James Financial Services Advisors Inc. increased its position in 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 buying an additional 404 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Signet Jewelers in the first quarter worth $377,000. Rhumbline Advisers grew 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 valued at $9,906,000 after purchasing an additional 9,028 shares in the last quarter. Great West Life Assurance Co. Can grew 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 valued at $3,742,000 after purchasing an additional 1,772 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Signet Jewelers by 188.0% in the first 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.

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.