Signet Jewelers Limited (NYSE:SIG - Get Free Report) insider William Brace sold 3,000 shares of the company's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $99.00, for a total value of $297,000.00. Following the completion of the transaction, the insider now directly owns 75,664 shares in the company, valued at approximately $7,490,736. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
William Brace also recently made the following trade(s):
- On Tuesday, January 2nd, William Brace sold 3,000 shares of Signet Jewelers stock. The shares were sold at an average price of $104.82, for a total transaction of $314,460.00.
Signet Jewelers Stock Performance
SIG stock opened at $99.42 on Thursday. Signet Jewelers Limited has a one year low of $57.10 and a one year high of $108.79. The firm has a market cap of $4.41 billion, a PE ratio of 6.63, a PEG ratio of 1.27 and a beta of 2.13. The firm's 50 day moving average price is $100.25 and its 200-day moving average price is $89.27.
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Signet Jewelers (NYSE:SIG - Get Free Report) last posted its earnings results on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, beating analysts' consensus estimates 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%. Signet Jewelers's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.52 earnings per share. Equities research analysts predict that Signet Jewelers Limited will post 9.65 EPS for the current fiscal year.
Signet Jewelers Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, April 25th. This is an increase from Signet Jewelers's previous quarterly dividend of $0.23. Signet Jewelers's payout ratio is currently 6.14%.
Analysts Set New Price Targets
A number of research firms recently weighed in on SIG. Telsey Advisory Group lowered their price objective on shares of Signet Jewelers from $105.00 to $100.00 and set a "market perform" rating for the company in a research note on Thursday, March 21st. UBS Group reduced their target price on shares of Signet Jewelers from $138.00 to $134.00 and set a "buy" rating for the company in a report on Tuesday, March 19th. Wells Fargo & Company raised their price target on Signet Jewelers from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Friday, December 22nd. StockNews.com downgraded shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Bank of America cut their price target on shares of Signet Jewelers from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Thursday, March 21st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $114.60.
Read Our Latest Stock Report on SIG
Hedge Funds Weigh In On Signet Jewelers
Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Signet Jewelers by 5.8% during the fourth 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 during the period. Virtu Financial LLC acquired a new position in shares of Signet Jewelers in the fourth quarter valued at approximately $913,000. Price T Rowe Associates Inc. MD increased its stake in Signet Jewelers by 3.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,256 shares of the company's stock worth $3,782,000 after buying an additional 1,336 shares during the period. Legal & General Group Plc lifted its holdings in Signet Jewelers by 0.4% during the 4th quarter. Legal & General Group Plc now owns 125,004 shares of the company's stock worth $13,408,000 after buying an additional 454 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in Signet Jewelers by 3.0% in the 4th quarter. Voya Investment Management LLC now owns 30,325 shares of the company's stock valued at $3,253,000 after buying an additional 885 shares during the period.
Signet Jewelers Company Profile
(
Get Free Report)
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 Jewelers, Zales Outlet, 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.
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