Stock Traders Buy Large Volume of Signet Jewelers Limited Put Options (SIG)
Signet Jewelers Limited (NYSE:SIG) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 13,585 put options on the stock. This is an increase of approximately 501% compared to the typical daily volume of 2,261 put options.
In other Signet Jewelers Limited news, Director H. Todd Stitzer purchased 2,090 shares of the stock in a transaction on Wednesday, May 31st. The shares were purchased at an average price of $47.91 per share, with a total value of $100,131.90. Following the acquisition, the director now directly owns 16,823 shares in the company, valued at approximately $805,989.93. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.52% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Grace & White Inc. NY raised its stake in Signet Jewelers Limited by 97.9% in the first quarter. Grace & White Inc. NY now owns 78,020 shares of the company’s stock valued at $5,404,000 after buying an additional 38,600 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Signet Jewelers Limited by 10.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,304,766 shares of the company’s stock valued at $90,381,000 after buying an additional 118,766 shares during the last quarter. Wells Fargo & Company MN raised its stake in Signet Jewelers Limited by 49.1% in the first quarter. Wells Fargo & Company MN now owns 1,300,033 shares of the company’s stock valued at $90,054,000 after buying an additional 428,327 shares during the last quarter. Exane Derivatives raised its stake in Signet Jewelers Limited by 368,200.0% in the first quarter. Exane Derivatives now owns 3,683 shares of the company’s stock valued at $255,000 after buying an additional 3,682 shares during the last quarter. Finally, First Merchants Corp raised its stake in Signet Jewelers Limited by 28.9% in the first quarter. First Merchants Corp now owns 21,318 shares of the company’s stock valued at $1,476,000 after buying an additional 4,780 shares during the last quarter.
Signet Jewelers Limited (NYSE SIG) opened at 62.68 on Friday. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 9.96 and a beta of 1.00. The company’s 50-day moving average price is $58.58 and its 200 day moving average price is $62.96. Signet Jewelers Limited has a 52-week low of $46.09 and a 52-week high of $101.46.
Signet Jewelers Limited (NYSE:SIG) last issued its earnings results on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.23. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Signet Jewelers Limited had a return on equity of 19.20% and a net margin of 7.46%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. On average, equities analysts expect that Signet Jewelers Limited will post $6.68 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, October 27th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio is currently 19.97%.
Several research firms have weighed in on SIG. Instinet reaffirmed a “buy” rating and issued a $70.00 price target on shares of Signet Jewelers Limited in a report on Wednesday, June 21st. Royal Bank Of Canada set a $66.00 price target on Signet Jewelers Limited and gave the company a “buy” rating in a report on Friday. Buckingham Research set a $55.00 price target on Signet Jewelers Limited and gave the company a “hold” rating in a report on Friday. Telsey Advisory Group raised their price target on Signet Jewelers Limited from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Friday. Finally, Needham & Company LLC set a $69.00 price target on Signet Jewelers Limited and gave the company a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Signet Jewelers Limited has an average rating of “Hold” and an average price target of $72.13.
About Signet Jewelers Limited
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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