Vincent Ciccolini Sells 4,000 Shares of Signet Jewelers Limited (NYSE:SIG) Stock

Signet Jewelers Limited (NYSE:SIG) CAO Vincent Ciccolini sold 4,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $101.64, for a total transaction of $406,560.00. Following the completion of the sale, the chief accounting officer now directly owns 46,076 shares of the company’s stock, valued at approximately $4,683,164.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Signet Jewelers Stock Down 2.1 %

Shares of NYSE:SIG opened at $95.95 on Thursday. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 6.32, a price-to-earnings-growth ratio of 1.21 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. The firm has a 50 day moving average of $99.32 and a 200 day moving average of $93.99.

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

Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 26th will be issued a $0.29 dividend. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. This represents a $1.16 annualized dividend and a yield of 1.21%. The ex-dividend date is Thursday, April 25th. Signet Jewelers’s payout ratio is currently 7.74%.

Hedge Funds Weigh In On Signet Jewelers

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in 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 purchasing an additional 229 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Signet Jewelers by 8.6% in the first quarter. Principal Financial Group Inc. now owns 254,034 shares of the company’s stock worth $25,421,000 after purchasing an additional 20,133 shares during the last quarter. Grace & White Inc. NY grew its holdings in Signet Jewelers by 1.4% in the first quarter. Grace & White Inc. NY now owns 195,912 shares of the company’s stock worth $19,605,000 after purchasing an additional 2,800 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in 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 purchasing an additional 58,400 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC grew its holdings in 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 purchasing an additional 3,910 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SIG shares. 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 research note on Thursday, April 4th. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. UBS Group lifted their price target on shares of Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, Bank of America decreased their price target on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $120.20.

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.