Insider Selling: Signet Jewelers Limited (NYSE:SIG) Insider Sells 8,000 Shares of Stock

Signet Jewelers Limited (NYSE:SIG) insider Mary Elizabeth Finn sold 8,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $80.00, for a total value of $640,000.00. Following the sale, the insider now owns 46,821 shares of the company’s stock, valued at $3,745,680. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Mary Elizabeth Finn also recently made the following trade(s):

• On Thursday, July 18th, Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock. The shares were sold at an average price of $86.94, for a total value of $695,520.00.

Signet Jewelers Stock Up 2.5 %

Shares of NYSE:SIG traded up $2.04 on Monday, hitting $82.33. The company had a trading volume of 786,674 shares, compared to its average volume of 774,690. The firm’s 50-day simple moving average is $83.67 and its two-hundred day simple moving average is $94.54. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 6.53, a P/E/G ratio of 0.83 and a beta of 2.16. Signet Jewelers Limited has a 1 year low of $65.12 and a 1 year high of $112.06.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, June 13th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.82 by $0.29. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. Signet Jewelers’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same period last year, the business posted $1.78 earnings per share. Equities research analysts anticipate that Signet Jewelers Limited will post 10.6 EPS for the current year.

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Friday, July 26th. Signet Jewelers’s dividend payout ratio is presently 9.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Citigroup reiterated a “buy” rating and set a $119.00 price target on shares of Signet Jewelers in a report on Friday, June 14th. Telsey Advisory Group reiterated a “market perform” rating and set a $105.00 target price on shares of Signet Jewelers in a report on Wednesday, July 24th. Finally, Wells Fargo & Company raised their target price on Signet Jewelers from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $120.20.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its stake in shares of Signet Jewelers by 32.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,451 shares of the company’s stock worth $263,000 after acquiring an additional 596 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of Signet Jewelers in the fourth quarter worth $303,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Signet Jewelers by 6.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,554 shares of the company’s stock valued at $1,025,000 after acquiring an additional 576 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Signet Jewelers by 4.8% in the fourth quarter. Federated Hermes Inc. now owns 28,723 shares of the company’s stock valued at $3,081,000 after acquiring an additional 1,317 shares during the period. Finally, Xponance Inc. purchased a new position in Signet Jewelers in the fourth quarter worth about $292,000.

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.