Signet Jewelers Limited (NYSE:SIG) Insider Sells $695,520.00 in Stock

Signet Jewelers Limited (NYSE:SIG) insider Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $86.94, for a total transaction of $695,520.00. Following the completion of the sale, the insider now directly owns 54,821 shares of the company’s stock, valued at $4,766,137.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Signet Jewelers Price Performance

NYSE:SIG opened at $84.29 on Monday. The firm has a 50-day moving average of $95.43 and a 200-day moving average of $98.06. The company has a market cap of $3.76 billion, a PE ratio of 6.85, a PEG ratio of 0.91 and a beta of 2.16. Signet Jewelers Limited has a one year low of $65.12 and a one year high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Thursday, June 13th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.82 by $0.29. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 earnings per share. On average, equities research analysts expect that Signet Jewelers Limited will post 10.6 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, July 26th. Signet Jewelers’s dividend payout ratio (DPR) is presently 9.43%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC boosted its holdings in Signet Jewelers by 37.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock worth $50,000 after purchasing an additional 127 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Signet Jewelers during the fourth quarter worth about $64,000. Blue Trust Inc. boosted 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 purchasing an additional 122 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Signet Jewelers by 55.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,532 shares of the company’s stock worth $164,000 after purchasing an additional 544 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Signet Jewelers by 6.8% during the first quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock worth $183,000 after purchasing an additional 116 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have weighed in on SIG. UBS Group lifted their price target on shares of Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Citigroup reaffirmed a “buy” rating and issued a $119.00 price target on shares of Signet Jewelers in a research note on Friday, June 14th. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 price target on shares of Signet Jewelers in a research note on Thursday, June 13th. Finally, Wells Fargo & Company boosted their target price on shares of Signet Jewelers from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.20.

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.