Insider Selling: Signet Jewelers Limited (NYSE:SIG) Insider Sells $486,237.43 in Stock

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

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 value of $508,667.46.

Signet Jewelers Trading Up 0.7 %

Shares of SIG opened at $100.09 on Friday. The stock has a 50 day simple moving average of $100.31 and a 200-day simple moving average of $89.34. Signet Jewelers Limited has a 1 year low of $57.10 and a 1 year high of $108.79. The stock has a market cap of $4.44 billion, a PE ratio of 6.68, a PEG ratio of 1.27 and a beta of 2.13.

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

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 26th will be paid a $0.29 dividend. 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 1.16%. The ex-dividend date is Thursday, April 25th. Signet Jewelers’s dividend payout ratio (DPR) is 6.14%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Signet Jewelers

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of Signet Jewelers by 1.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,524 shares of the company’s stock worth $1,856,000 after purchasing an additional 404 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Signet Jewelers in the first quarter valued at about $377,000. Rhumbline Advisers lifted its holdings in shares of Signet Jewelers by 7.1% in the first quarter. Rhumbline Advisers now owns 136,265 shares of the company’s stock valued at $9,906,000 after purchasing an additional 9,028 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Signet Jewelers by 3.7% in the first quarter. Great West Life Assurance Co. Can now owns 50,017 shares of the company’s stock valued at $3,742,000 after purchasing an additional 1,772 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Signet Jewelers by 188.0% in the first quarter. Sei Investments Co. now owns 34,675 shares of the company’s stock valued at $2,521,000 after purchasing an additional 22,633 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.