H. Todd Stitzer Sells 10,000 Shares of Signet Jewelers Limited (NYSE:SIG) Stock

Signet Jewelers Limited (NYSE:SIG) Director H. Todd Stitzer sold 10,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $100.09, for a total transaction of $1,000,900.00. Following the transaction, the director now owns 41,678 shares in the company, valued at approximately $4,171,551.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

H. Todd Stitzer also recently made the following trade(s):

• On Tuesday, April 9th, H. Todd Stitzer sold 5,000 shares of Signet Jewelers stock. The shares were sold at an average price of $102.41, for a total transaction of $512,050.00.

Signet Jewelers Price Performance

Shares of SIG stock opened at $98.57 on Thursday. The stock has a market cap of $4.37 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 1.18 and a beta of 2.13. The stock has a 50-day moving average of $99.91 and a 200-day moving average of $92.95. Signet Jewelers Limited has a one year low of $57.10 and a one year high of $109.17.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.40. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations 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. As a group, research analysts anticipate that Signet Jewelers Limited will post 10.6 earnings per share for the current year.

Signet Jewelers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, April 25th. Signet Jewelers’s dividend payout ratio is presently 6.14%.

Analyst Upgrades and Downgrades

SIG has been the topic of a number of research reports. StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Telsey Advisory Group upped their target price on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. Bank of America cut 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 report on Thursday, March 21st. Finally, UBS Group upped their target price on shares of Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Signet Jewelers currently has an average rating of “Moderate Buy” and an average price target of $120.20.

Institutional Trading of Signet Jewelers

A number of large investors have recently bought and sold shares of SIG. Eminence Capital LP bought a new stake in Signet Jewelers during the 3rd quarter worth approximately $40,962,000. Norges Bank acquired a new stake in shares of Signet Jewelers in the 4th quarter valued at approximately $52,976,000. Pacer Advisors Inc. boosted its holdings in shares of Signet Jewelers by 38.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,262,773 shares of the company’s stock valued at $135,445,000 after buying an additional 349,771 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Signet Jewelers in the 3rd quarter valued at approximately $19,826,000. Finally, Brown Advisory Inc. boosted its holdings in shares of Signet Jewelers by 26.6% in the 3rd quarter. Brown Advisory Inc. now owns 719,186 shares of the company’s stock valued at $51,645,000 after buying an additional 151,121 shares during the last quarter.

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 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.