Signet Jewelers Limited (NYSE:SIG) Director Sells $332,066.79 in Stock

Signet Jewelers Limited (NYSE:SIG) Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $99.63, for a total value of $332,066.79. Following the sale, the director now owns 26,085 shares of the company’s stock, valued at approximately $2,598,848.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Signet Jewelers Price Performance

Shares of NYSE:SIG traded down $2.02 during trading on Wednesday, reaching $93.64. The company had a trading volume of 1,314,828 shares, compared to its average volume of 820,108. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 1.14 and a beta of 2.10. The stock’s fifty day moving average price is $89.64 and its 200 day moving average price is $91.96. Signet Jewelers Limited has a fifty-two week low of $67.18 and a fifty-two week high of $112.06.

Signet Jewelers (NYSE:SIG) last released its earnings results on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.11. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 earnings per share. On average, equities analysts anticipate that Signet Jewelers Limited will post 10.8 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s dividend payout ratio is presently 13.43%.

Analysts Set New Price Targets

Several research firms recently weighed in on SIG. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Monday. Bank of America cut their price target on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Wells Fargo & Company lifted their price target on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group cut their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus target price of $109.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SIG. Brown Brothers Harriman & Co. acquired a new position in Signet Jewelers during the second quarter worth $51,000. Hexagon Capital Partners LLC boosted its position in Signet Jewelers by 33.4% during the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after purchasing an additional 175 shares in the last quarter. Blue Trust Inc. boosted its position in Signet Jewelers by 15.3% during the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after purchasing an additional 122 shares in the last quarter. CWM LLC boosted its position in Signet Jewelers by 177.3% during the third quarter. CWM LLC now owns 1,148 shares of the company’s stock worth $118,000 after purchasing an additional 734 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in Signet Jewelers during the second quarter worth $180,000.

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.