H. Todd Stitzer Sells 10,000 Shares of Signet Jewelers Limited (NYSE:SIG) Stock

Signet Jewelers Limited (NYSE:SIG) Director H. Todd Stitzer sold 10,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $100.09, for a total transaction of $1,000,900.00. Following the sale, the director now directly owns 41,678 shares of the company’s stock, valued at $4,171,551.02. The transaction was disclosed in a document filed with the SEC, which is available at this link.

H. Todd Stitzer also recently made the following trade(s):

• On Tuesday, April 9th, H. Todd Stitzer sold 5,000 shares of Signet Jewelers stock. The stock was sold at an average price of $102.41, for a total transaction of $512,050.00.

Signet Jewelers Trading Down 2.5 %

Signet Jewelers stock opened at $98.57 on Thursday. The company’s 50-day moving average price is $99.91 and its two-hundred day moving average price is $92.95. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 1.18 and a beta of 2.13. Signet Jewelers Limited has a 52 week low of $57.10 and a 52 week high of $109.17.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $6.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $0.40. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Signet Jewelers had a net margin of 11.30% and a return on equity of 32.26%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.52 EPS. Research analysts expect that Signet Jewelers Limited will post 10.6 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 26th will be paid a $0.29 dividend. The ex-dividend date is Thursday, April 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s payout ratio is currently 6.14%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Telsey Advisory Group raised their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, April 4th. UBS Group raised their price target on shares of Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Bank of America reduced their price target on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. Finally, StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.20.

Hedge Funds Weigh In On Signet Jewelers

Several hedge funds have recently made changes to their positions in SIG. Allspring Global Investments Holdings LLC increased its position in shares of Signet Jewelers by 9.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,680 shares of the company’s stock worth $268,000 after acquiring an additional 229 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Signet Jewelers by 14.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 452,765 shares of the company’s stock worth $45,308,000 after acquiring an additional 58,400 shares in the last quarter. Murphy Pohlad Asset Management LLC increased its position in shares of Signet Jewelers by 17.9% in the first quarter. Murphy Pohlad Asset Management LLC now owns 25,745 shares of the company’s stock worth $2,576,000 after acquiring an additional 3,910 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Signet Jewelers by 303.0% in the first quarter. Los Angeles Capital Management LLC now owns 12,849 shares of the company’s stock worth $1,286,000 after acquiring an additional 9,661 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Signet Jewelers by 5.8% in the fourth 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 in the last quarter.

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.