Signet Jewelers Limited (NYSE:SIG) Insider Sells $741,520.00 in Stock

Signet Jewelers Limited (NYSE:SIG) insider Joan M. Hilson sold 8,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $92.69, for a total value of $741,520.00. Following the sale, the insider now directly owns 187,377 shares of the company’s stock, valued at $17,367,974.13. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Signet Jewelers Price Performance

Shares of NYSE:SIG opened at $99.42 on Thursday. Signet Jewelers Limited has a 12 month low of $57.10 and a 12 month high of $108.79. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 1.23 and a beta of 2.13. The stock’s 50 day moving average price is $100.25 and its 200 day moving average price is $89.27.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.40. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.52 earnings per share. On average, sell-side analysts expect that Signet Jewelers Limited will post 9.65 EPS for the current year.

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 26th will be issued a dividend of $0.29 per share. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.23. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, April 25th. Signet Jewelers’s payout ratio is currently 6.14%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SIG shares. Citigroup raised Signet Jewelers from a “neutral” rating to a “buy” rating and raised their price objective for the company from $93.00 to $119.00 in a research note on Wednesday, December 6th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Tuesday. Telsey Advisory Group cut their price objective on Signet Jewelers from $105.00 to $100.00 and set a “market perform” rating on the stock in a research report on Thursday, March 21st. Wells Fargo & Company lifted their target price on Signet Jewelers from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, December 22nd. Finally, UBS Group lowered their price objective on Signet Jewelers from $138.00 to $134.00 and set a “buy” rating for the company in a report on Tuesday, March 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $114.60.

Hedge Funds Weigh In On Signet Jewelers

Several institutional investors and hedge funds have recently modified their holdings of the stock. SummerHaven Investment Management LLC grew its holdings 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 acquiring an additional 106 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in Signet Jewelers by 37.0% in 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 in the last quarter. Rafferty Asset Management LLC boosted its holdings in Signet Jewelers by 2.2% in the fourth quarter. Rafferty Asset Management LLC now owns 6,174 shares of the company’s stock worth $662,000 after purchasing an additional 130 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Signet Jewelers by 1.6% in the second quarter. Bessemer Group Inc. now owns 9,244 shares of the company’s stock worth $604,000 after purchasing an additional 144 shares in the last quarter. Finally, Commerce Bank boosted its holdings in Signet Jewelers by 5.3% in the fourth quarter. Commerce Bank now owns 2,941 shares of the company’s stock worth $315,000 after purchasing an additional 148 shares in the last quarter.

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.