Signet Jewelers Limited (NYSE:SIG) Insider Joan M. Hilson Sells 8,000 Shares

Signet Jewelers Limited (NYSE:SIG) insider Joan M. Hilson sold 8,000 shares of Signet Jewelers stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total transaction of $756,560.00. Following the transaction, the insider now directly owns 200,844 shares of the company’s stock, valued at $18,993,817.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Signet Jewelers Trading Down 2.1 %

SIG opened at $93.64 on Thursday. The stock has a market capitalization of $4.18 billion, a PE ratio of 7.61, a PEG ratio of 1.14 and a beta of 2.10. Signet Jewelers Limited has a 1-year low of $67.18 and a 1-year high of $112.06. The firm has a 50-day moving average price of $89.64 and a two-hundred day moving average price of $91.96.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.14 by $0.11. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company earned $1.55 EPS. Signet Jewelers’s revenue was down 7.6% on a year-over-year basis. On average, research analysts predict that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s dividend payout ratio is 9.43%.

Institutional Investors Weigh In On Signet Jewelers

Several institutional investors have recently modified their holdings of the business. Ritholtz Wealth Management grew its position in shares of Signet Jewelers by 4.9% during the 3rd quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock worth $254,000 after buying an additional 115 shares during the period. Lazard Asset Management LLC grew its position in shares of Signet Jewelers by 6.8% during the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock worth $183,000 after buying an additional 116 shares during the period. Blue Trust Inc. grew its position in shares of Signet Jewelers by 15.3% during the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after buying an additional 122 shares during the period. SummerHaven Investment Management LLC boosted its stake in Signet Jewelers by 1.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock worth $932,000 after acquiring an additional 144 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Signet Jewelers by 5.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock worth $303,000 after acquiring an additional 156 shares during the last quarter.

Wall Street Analyst Weigh In

SIG has been the subject of several analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a report on Wednesday, October 2nd. UBS Group cut their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Monday. Wells Fargo & Company raised their price objective on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Bank of America lowered their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus price target of $109.60.

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.