Eugenia Ulasewicz Sells 3,333 Shares of Signet Jewelers Limited (NYSE:SIG) Stock

Signet Jewelers Limited (NYSE:SIG) Director Eugenia Ulasewicz sold 3,333 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $99.63, for a total value of $332,066.79. Following the completion of the transaction, the director now owns 26,085 shares of the company’s stock, valued at $2,598,848.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Signet Jewelers Stock Down 0.8 %

Shares of NYSE:SIG opened at $92.84 on Friday. Signet Jewelers Limited has a 12-month low of $67.18 and a 12-month high of $112.06. The business has a 50 day moving average of $90.32 and a 200-day moving average of $91.98. The stock has a market cap of $4.09 billion, a PE ratio of 10.75, a P/E/G ratio of 1.08 and a beta of 2.10.

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

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s dividend payout ratio is 13.43%.

Institutional Trading of Signet Jewelers

A number of institutional investors have recently bought and sold shares of SIG. Ritholtz Wealth Management increased its holdings in shares of Signet Jewelers by 4.9% during the third quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock worth $254,000 after purchasing an additional 115 shares during the period. Lazard Asset Management LLC increased its stake in 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 acquiring an additional 116 shares during the period. Blue Trust Inc. raised its holdings in Signet Jewelers by 15.3% in the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after acquiring an additional 122 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Signet Jewelers by 1.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock valued at $932,000 after acquiring an additional 144 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of 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 purchasing an additional 156 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SIG. 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. Wells Fargo & Company boosted their target price on shares of Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday. Bank of America cut their price target on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Monday. Finally, UBS Group cut their target price on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Signet Jewelers presently has a consensus rating of “Moderate Buy” and an average 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.