Insider Selling: Signet Jewelers Limited (NYSE:SIG) Insider Sells $734,480.00 in Stock

Signet Jewelers Limited (NYSE:SIG) insider Joan M. Hilson sold 8,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $91.81, for a total transaction of $734,480.00. Following the completion of the transaction, the insider now owns 189,231 shares in the company, valued at approximately $17,373,298.11. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Signet Jewelers Price Performance

Shares of SIG opened at $87.99 on Thursday. The firm has a market capitalization of $3.93 billion, a P/E ratio of 7.15, a PEG ratio of 0.93 and a beta of 2.12. Signet Jewelers Limited has a one year low of $62.68 and a one year high of $112.06. The business has a fifty day moving average of $98.87 and a 200 day moving average of $99.97.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, June 13th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.29. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The business’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 EPS. Analysts expect that Signet Jewelers Limited will post 10.6 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Friday, July 26th. Signet Jewelers’s payout ratio is 9.43%.

Institutional Investors Weigh In On Signet Jewelers

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Partners bought a new position in shares of Signet Jewelers during the 1st quarter valued at approximately $1,088,000. Cetera Advisors LLC bought a new stake in Signet Jewelers in the first quarter worth $1,093,000. Tidal Investments LLC purchased a new stake in shares of Signet Jewelers during the 1st quarter valued at about $293,000. Janus Henderson Group PLC raised its holdings in Signet Jewelers by 38.2% during the 1st quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock valued at $65,646,000 after buying an additional 181,207 shares during the period. Finally, Paloma Partners Management Co purchased a new position in shares of Signet Jewelers during the first quarter valued at approximately $228,000.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Bank of America dropped their target price on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. Citigroup reiterated a “buy” rating and set a $119.00 target price on shares of Signet Jewelers in a research note on Friday, June 14th. UBS Group boosted their price target on Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Finally, Wells Fargo & Company boosted their target price on Signet Jewelers from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Three investment 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, the company presently has an average rating of “Moderate Buy” and an average price target of $121.20.

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.