Signet Jewelers Limited (NYSE:SIG) CEO Buys $861,750.00 in Stock

Signet Jewelers Limited (NYSE:SIG) CEO James Kevin Symancyk bought 15,000 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were bought at an average cost of $57.45 per share, with a total value of $861,750.00. Following the transaction, the chief executive officer now directly owns 50,710 shares of the company’s stock, valued at approximately $2,913,289.50. This trade represents a 42.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Signet Jewelers Price Performance

SIG traded down $0.78 on Monday, reaching $58.05. The stock had a trading volume of 1,388,795 shares, compared to its average volume of 1,107,162. The firm has a 50-day moving average of $54.46 and a 200-day moving average of $77.71. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $112.06. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 6.68, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.39 by $0.23. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The business’s revenue was down 5.8% on a year-over-year basis. During the same period last year, the company earned $6.73 earnings per share. As a group, sell-side analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be issued a $0.32 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.28 annualized dividend and a dividend yield of 2.20%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.29. Signet Jewelers’s payout ratio is currently -168.42%.

Analyst Upgrades and Downgrades

Several research firms have commented on SIG. Bank of America cut their price target on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Wells Fargo & Company decreased their price target on Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Cfra Research raised shares of Signet Jewelers to a “moderate buy” rating in a research note on Thursday, March 20th. UBS Group raised their price target on Signet Jewelers from $85.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Finally, StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Signet Jewelers currently has an average rating of “Moderate Buy” and a consensus price target of $81.60.

Institutional Trading of Signet Jewelers

Institutional investors and hedge funds have recently bought and sold shares of the stock. Grace & White Inc. NY raised its position in Signet Jewelers by 6.1% in the 4th quarter. Grace & White Inc. NY now owns 207,262 shares of the company’s stock worth $16,728,000 after buying an additional 11,900 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in Signet Jewelers by 22.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 61,568 shares of the company’s stock valued at $4,969,000 after acquiring an additional 11,218 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Signet Jewelers during the fourth quarter worth approximately $2,418,000. Van ECK Associates Corp grew its holdings in Signet Jewelers by 30.5% during the 4th quarter. Van ECK Associates Corp now owns 36,655 shares of the company’s stock worth $2,958,000 after acquiring an additional 8,574 shares in the last quarter. Finally, US Bancorp DE raised its stake in Signet Jewelers by 99.6% in the fourth quarter. US Bancorp DE now owns 19,598 shares of the company’s stock worth $1,582,000 after buying an additional 9,778 shares in 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.