Insider Selling: Signet Jewelers Limited (NYSE:SIG) Director Sells 5,000 Shares of Stock

Signet Jewelers Limited (NYSE:SIG) Director H. Todd Stitzer sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $102.41, for a total value of $512,050.00. Following the completion of the transaction, the director now directly owns 56,678 shares in the company, valued at $5,804,393.98. The transaction was disclosed in a filing with the SEC, which is available at this link.

Signet Jewelers Price Performance

NYSE:SIG opened at $96.46 on Thursday. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 6.43, a price-to-earnings-growth ratio of 1.12 and a beta of 2.13. Signet Jewelers Limited has a one year low of $57.10 and a one year high of $109.17. The business has a fifty day moving average price of $100.34 and a 200-day moving average price of $91.99.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, topping the consensus estimate of $6.33 by $0.40. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.55 billion. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. Signet Jewelers’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $5.52 EPS. On average, equities research analysts expect that Signet Jewelers Limited will post 10.6 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 26th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, April 25th. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s dividend payout ratio is presently 6.14%.

Institutional Investors Weigh In On Signet Jewelers

A number of institutional investors have recently bought and sold shares of the business. Murphy Pohlad Asset Management LLC increased its stake in Signet Jewelers by 17.9% in the 1st quarter. Murphy Pohlad Asset Management LLC now owns 25,745 shares of the company’s stock worth $2,576,000 after buying an additional 3,910 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Signet Jewelers by 303.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 12,849 shares of the company’s stock worth $1,286,000 after buying an additional 9,661 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Signet Jewelers by 5.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock worth $303,000 after buying an additional 156 shares in the last quarter. Virtu Financial LLC purchased a new stake in Signet Jewelers in the 4th quarter worth $913,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Signet Jewelers by 3.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,256 shares of the company’s stock worth $3,782,000 after buying an additional 1,336 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SIG shares. Wells Fargo & Company increased 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. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Telsey Advisory Group increased their price target on Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, April 4th. UBS Group increased their price target on Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, Bank of America lowered their price target on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Signet Jewelers has a consensus rating of “Hold” and a consensus price target of $120.20.

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.