Vincent Ciccolini Sells 4,000 Shares of Signet Jewelers Limited (NYSE:SIG) Stock

Signet Jewelers Limited (NYSE:SIG) CAO Vincent Ciccolini sold 4,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $101.64, for a total transaction of $406,560.00. Following the transaction, the chief accounting officer now owns 46,076 shares in the company, valued at approximately $4,683,164.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Signet Jewelers Price Performance

Shares of SIG stock traded down $1.85 during trading hours on Tuesday, reaching $100.29. 75,260 shares of the company traded hands, compared to its average volume of 709,384. The firm has a 50-day moving average price of $99.51 and a 200 day moving average price of $93.78. The company has a market cap of $4.44 billion, a P/E ratio of 6.64, a P/E/G ratio of 1.20 and a beta of 2.13. Signet Jewelers Limited has a 12-month low of $57.10 and a 12-month high of $109.17.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share for the quarter, topping the consensus estimate of $6.33 by $0.40. The company had revenue of $2.50 billion during 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%. Signet Jewelers’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.52 EPS. Sell-side analysts predict that Signet Jewelers Limited will post 10.6 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. Shareholders of record on Friday, April 26th will be paid a $0.29 dividend. The ex-dividend date is Thursday, April 25th. This represents a $1.16 annualized dividend and a yield of 1.16%. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s payout ratio is presently 7.74%.

Institutional Investors Weigh In On Signet Jewelers

A number of hedge funds have recently made changes to their positions in the company. Hexagon Capital Partners LLC increased its stake in Signet Jewelers by 37.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock worth $50,000 after acquiring an additional 127 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Signet Jewelers during the 4th quarter worth about $64,000. Quadrant Capital Group LLC raised its position in Signet Jewelers by 55.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,532 shares of the company’s stock worth $164,000 after purchasing an additional 544 shares during the period. Greenleaf Trust bought a new position in shares of Signet Jewelers during the fourth quarter valued at approximately $202,000. Finally, Channel Wealth LLC bought a new stake in shares of Signet Jewelers during the 4th quarter worth approximately $215,000.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SIG. Bank of America reduced their price target on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. Telsey Advisory Group boosted their target price on Signet Jewelers from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, April 4th. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, UBS Group lifted their target price on shares of Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Signet Jewelers has a consensus rating of “Hold” and an average 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.