Signet Jewelers Limited (NYSE:SIG) Insider Sells $132,152.94 in Stock

Signet Jewelers Limited (NYSE:SIG) insider Oded Edelman sold 1,398 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $94.53, for a total value of $132,152.94. Following the completion of the transaction, the insider now directly owns 32,666 shares in the company, valued at $3,087,916.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Oded Edelman also recently made the following trade(s):

• On Wednesday, August 14th, Oded Edelman sold 9,000 shares of Signet Jewelers stock. The stock was sold at an average price of $74.55, for a total transaction of $670,950.00.

Signet Jewelers Stock Up 2.9 %

Shares of Signet Jewelers stock opened at $98.07 on Monday. Signet Jewelers Limited has a 52 week low of $65.12 and a 52 week high of $112.06. The stock’s 50-day simple moving average is $84.71 and its 200-day simple moving average is $91.93. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 1.07 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.11. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.55 EPS. On average, equities analysts expect that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s payout ratio is currently 9.43%.

Institutional Trading of Signet Jewelers

A number of large investors have recently made changes to their positions in SIG. Handelsbanken Fonder AB lifted its holdings in shares of Signet Jewelers by 36.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 12,400 shares of the company’s stock worth $1,279,000 after acquiring an additional 3,300 shares during the last quarter. SG Americas Securities LLC grew its stake in Signet Jewelers by 25.2% in the third quarter. SG Americas Securities LLC now owns 6,645 shares of the company’s stock valued at $685,000 after purchasing an additional 1,337 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Signet Jewelers in the second quarter worth about $2,772,000. Coronation Fund Managers Ltd. grew its holdings in Signet Jewelers by 35.9% in the second quarter. Coronation Fund Managers Ltd. now owns 44,405 shares of the company’s stock worth $3,978,000 after purchasing an additional 11,723 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Signet Jewelers by 2.2% in the 2nd quarter. Cetera Investment Advisers now owns 11,793 shares of the company’s stock worth $1,056,000 after purchasing an additional 257 shares in the last quarter.

Analysts Set New Price Targets

SIG has been the subject of a number of research reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a report on Wednesday, October 2nd. Wells Fargo & Company decreased their target price on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, August 27th. Bank of America reduced their price target on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. UBS Group lowered their price objective on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

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.