Oded Edelman Sells 9,000 Shares of Signet Jewelers Limited (NYSE:SIG) Stock

Signet Jewelers Limited (NYSE:SIG) insider Oded Edelman sold 9,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $74.55, for a total transaction of $670,950.00. Following the completion of the sale, the insider now directly owns 28,398 shares in the company, valued at $2,117,070.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Signet Jewelers Trading Up 5.0 %

Signet Jewelers stock traded up $3.73 on Thursday, hitting $78.24. 979,450 shares of the stock traded hands, compared to its average volume of 779,686. The firm has a market cap of $3.49 billion, a P/E ratio of 6.06, a price-to-earnings-growth ratio of 0.79 and a beta of 2.16. The business’s fifty day simple moving average is $86.93 and its 200 day simple moving average is $95.63. Signet Jewelers Limited has a 1 year low of $65.12 and a 1 year high of $112.06.

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

Signet Jewelers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Friday, July 26th. Signet Jewelers’s dividend payout ratio (DPR) is 9.43%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SIG. Citigroup reaffirmed a “buy” rating and issued a $119.00 target price on shares of Signet Jewelers in a research note on Friday, June 14th. Telsey Advisory Group reissued a “market perform” rating and set a $105.00 price target on shares of Signet Jewelers in a research note on Wednesday, July 24th. Wells Fargo & Company lifted their price target on shares of Signet Jewelers from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Finally, StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and an average target price of $120.20.

Hedge Funds Weigh In On Signet Jewelers

A number of hedge funds have recently bought and sold shares of SIG. SummerHaven Investment Management LLC grew its stake in shares of Signet Jewelers by 1.1% during the 4th quarter. SummerHaven Investment Management LLC now owns 10,163 shares of the company’s stock valued at $1,090,000 after purchasing an additional 106 shares during the period. Lazard Asset Management LLC grew its stake in shares of Signet Jewelers by 6.8% during the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after purchasing an additional 116 shares during the period. Blue Trust Inc. grew its stake in shares of Signet Jewelers by 15.3% during the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after acquiring an additional 122 shares during the period. Hexagon Capital Partners LLC grew its stake in shares of Signet Jewelers by 37.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock valued at $50,000 after acquiring an additional 127 shares during the period. Finally, Commerce Bank grew its stake in shares of Signet Jewelers by 5.3% during the 4th quarter. Commerce Bank now owns 2,941 shares of the company’s stock valued at $315,000 after acquiring an additional 148 shares during the period.

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.