Mary Elizabeth Finn Sells 5,431 Shares of Signet Jewelers Limited (NYSE:SIG) Stock

Signet Jewelers Limited (NYSE:SIG) insider Mary Elizabeth Finn sold 5,431 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $89.53, for a total transaction of $486,237.43. Following the completion of the transaction, the insider now directly owns 60,416 shares in the company, valued at approximately $5,409,044.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, January 16th, Mary Elizabeth Finn sold 5,431 shares of Signet Jewelers stock. The stock was sold at an average price of $93.66, for a total transaction of $508,667.46.

Signet Jewelers Trading Up 1.3 %

Signet Jewelers stock opened at $99.42 on Thursday. The firm has a 50-day moving average of $100.25 and a 200-day moving average of $89.27. The firm has a market cap of $4.41 billion, a P/E ratio of 6.63, a P/E/G ratio of 1.23 and a beta of 2.13. Signet Jewelers Limited has a 1-year low of $57.10 and a 1-year high of $108.79.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $0.40. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.55 billion. Signet Jewelers had a net margin of 11.30% and a return on equity of 32.26%. Signet Jewelers’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $5.52 earnings per share. Research analysts forecast that Signet Jewelers Limited will post 9.65 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be paid 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 1.17%. The ex-dividend date of this dividend is Thursday, April 25th. Signet Jewelers’s dividend payout ratio is presently 6.14%.

Hedge Funds Weigh In On Signet Jewelers

A number of institutional investors have recently bought and sold shares of SIG. Belpointe Asset Management LLC raised its stake in Signet Jewelers by 67.9% in the first quarter. Belpointe Asset Management LLC now owns 403 shares of the company’s stock worth $31,000 after buying an additional 163 shares in the last quarter. Quarry LP increased its stake in shares of Signet Jewelers by 274.1% during the first quarter. Quarry LP now owns 404 shares of the company’s stock valued at $31,000 after purchasing an additional 296 shares in the last quarter. Ronald Blue Trust Inc. increased its stake in shares of Signet Jewelers by 187.2% during the third quarter. Ronald Blue Trust Inc. now owns 494 shares of the company’s stock valued at $35,000 after purchasing an additional 322 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Signet Jewelers by 37.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock valued at $50,000 after purchasing an additional 127 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of Signet Jewelers during the first quarter valued at approximately $51,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SIG shares. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Tuesday. Bank of America reduced their target price on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. UBS Group reduced their target price on Signet Jewelers from $138.00 to $134.00 and set a “buy” rating on the stock in a research note on Tuesday, March 19th. Telsey Advisory Group reduced their target price on Signet Jewelers from $105.00 to $100.00 and set a “market perform” rating on the stock in a research note on Thursday, March 21st. Finally, Wells Fargo & Company upped their price target on shares of Signet Jewelers from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, December 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $114.60.

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 Jewelers, Zales Outlet, 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.