Signet Jewelers Limited (NYSE:SIG) Insider Mary Elizabeth Finn Sells 5,431 Shares

Signet Jewelers Limited (NYSE:SIG) insider Mary Elizabeth Finn sold 5,431 shares of Signet Jewelers stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $89.53, for a total transaction of $486,237.43. Following the completion of the sale, the insider now owns 60,416 shares in the company, valued at approximately $5,409,044.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 transaction of $508,667.46.

Signet Jewelers Price Performance

Shares of SIG stock opened at $99.42 on Thursday. The firm’s 50-day moving average is $100.25 and its two-hundred day moving average is $89.27. Signet Jewelers Limited has a 12 month low of $57.10 and a 12 month high of $108.79. The company has a market capitalization of $4.41 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 1.23 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 (EPS) for the quarter, beating analysts’ consensus estimates of $6.33 by $0.40. The business had revenue of $2.50 billion for 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%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $5.52 EPS. Sell-side analysts forecast that Signet Jewelers Limited will post 9.65 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. Stockholders 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 dividend yield of 1.17%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, April 25th. Signet Jewelers’s payout ratio is 6.14%.

Institutional Investors Weigh In On Signet Jewelers

Institutional investors and hedge funds have recently made changes to their positions in the stock. Belpointe Asset Management LLC raised its stake in shares of Signet Jewelers by 67.9% in the 1st quarter. Belpointe Asset Management LLC now owns 403 shares of the company’s stock valued at $31,000 after acquiring an additional 163 shares during the period. Quarry LP increased its stake in Signet Jewelers by 274.1% during the 1st quarter. Quarry LP now owns 404 shares of the company’s stock worth $31,000 after buying an additional 296 shares during the period. Hexagon Capital Partners LLC increased its stake in Signet Jewelers by 37.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock worth $50,000 after buying an additional 127 shares during the period. Ronald Blue Trust Inc. increased its stake in Signet Jewelers by 187.2% during the 3rd quarter. Ronald Blue Trust Inc. now owns 494 shares of the company’s stock worth $35,000 after buying an additional 322 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Signet Jewelers during the 4th quarter worth approximately $64,000.

Analysts Set New Price Targets

A number of research firms recently weighed in on SIG. StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company boosted their price target on shares of Signet Jewelers from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, December 22nd. Bank of America lowered their price target on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. Citigroup upgraded shares of Signet Jewelers from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $119.00 in a research report on Wednesday, December 6th. Finally, Telsey Advisory Group lowered their price target on shares of Signet Jewelers from $105.00 to $100.00 and set a “market perform” rating on the stock in a research report on Thursday, March 21st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $114.60.

About Signet Jewelers

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.