Insider Selling: Signet Jewelers Limited (NYSE:SIG) Director Sells 3,333 Shares of Stock

Signet Jewelers Limited (NYSE:SIG) Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of the sale, the director now owns 22,752 shares in the company, valued at approximately $1,231,565.76. This represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Signet Jewelers Price Performance

Shares of SIG traded down $1.49 on Friday, hitting $52.60. The company’s stock had a trading volume of 1,173,658 shares, compared to its average volume of 1,745,269. The company has a 50 day moving average price of $66.78 and a 200 day moving average price of $82.37. Signet Jewelers Limited has a fifty-two week low of $52.09 and a fifty-two week high of $112.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The company has a market capitalization of $2.29 billion, a PE ratio of 6.05, a PEG ratio of 3.53 and a beta of 2.11.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the company posted $0.24 EPS. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, research analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 24th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.21%. The ex-dividend date is Friday, January 24th. Signet Jewelers’s dividend payout ratio is 13.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SIG shares. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Bank of America lowered their price objective on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company reduced their target price on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Finally, Telsey Advisory Group reduced their target price on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.20.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in Signet Jewelers during the 3rd quarter worth $25,000. Smartleaf Asset Management LLC lifted its holdings in Signet Jewelers by 149.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock worth $57,000 after buying an additional 421 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Signet Jewelers during the 3rd quarter worth $77,000. Sterling Capital Management LLC raised its position in shares of Signet Jewelers by 832.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,362 shares of the company’s stock valued at $110,000 after acquiring an additional 1,216 shares during the last quarter. Finally, CWM LLC raised its position in shares of Signet Jewelers by 177.3% during the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after acquiring an additional 734 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.