Signet Jewelers Limited (NYSE:SIG) Director H. Todd Stitzer Sells 10,000 Shares of Stock

Signet Jewelers Limited (NYSE:SIG) Director H. Todd Stitzer sold 10,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $100.09, for a total transaction of $1,000,900.00. Following the sale, the director now owns 41,678 shares of the company’s stock, valued at approximately $4,171,551.02. The sale was disclosed in a legal filing with the SEC, which is available at this link.

H. Todd Stitzer also recently made the following trade(s):

• On Tuesday, April 9th, H. Todd Stitzer sold 5,000 shares of Signet Jewelers stock. The shares were sold at an average price of $102.41, for a total transaction of $512,050.00.

Signet Jewelers Stock Performance

Shares of NYSE:SIG opened at $101.08 on Wednesday. The company’s 50-day moving average is $99.91 and its 200 day moving average is $92.95. The company has a market capitalization of $4.48 billion, a P/E ratio of 6.74, a price-to-earnings-growth ratio of 1.13 and a beta of 2.13. Signet Jewelers Limited has a fifty-two week low of $57.10 and a fifty-two week high of $109.17.

Signet Jewelers (NYSE:SIG) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $2.55 billion. Signet Jewelers had a net margin of 11.30% and a return on equity of 32.26%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $5.52 EPS. As a group, research analysts predict that Signet Jewelers Limited will post 10.6 earnings per share for the current year.

Signet Jewelers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 26th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.23. This represents a $1.16 annualized dividend and a yield of 1.15%. Signet Jewelers’s dividend payout ratio is 7.74%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Bank of America reduced their target price on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Telsey Advisory Group upped their target price on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. Finally, UBS Group upped their target price on shares of Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.20.

Institutional Investors Weigh In On Signet Jewelers

Institutional investors have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund purchased a new stake in Signet Jewelers during the third quarter valued at about $1,905,000. Vaughan Nelson Investment Management L.P. lifted its holdings in Signet Jewelers by 42.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 394,365 shares of the company’s stock valued at $42,300,000 after purchasing an additional 118,275 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in Signet Jewelers by 7.2% during the third quarter. William Blair Investment Management LLC now owns 585,383 shares of the company’s stock valued at $42,036,000 after purchasing an additional 39,316 shares during the last quarter. American Century Companies Inc. lifted its holdings in Signet Jewelers by 9.2% during the third quarter. American Century Companies Inc. now owns 615,867 shares of the company’s stock valued at $44,225,000 after purchasing an additional 52,104 shares during the last quarter. Finally, Procyon Advisors LLC purchased a new stake in Signet Jewelers during the fourth quarter valued at about $255,000.

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.