Signet Jewelers Limited (NYSE:SIG - Get Free Report) Director H. Todd Stitzer sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $102.41, for a total value of $512,050.00. Following the transaction, the director now owns 56,678 shares of the company's stock, valued at $5,804,393.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Signet Jewelers Price Performance
Shares of NYSE:SIG opened at $95.16 on Tuesday. Signet Jewelers Limited has a 12 month low of $57.10 and a 12 month high of $109.17. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 1.13 and a beta of 2.13. The stock's 50 day moving average price is $100.40 and its 200 day moving average price is $91.79.
Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share (EPS) for the quarter, beating 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 return on equity of 32.26% and a net margin of 11.30%. The firm's revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.52 earnings per share. On average, sell-side analysts expect that Signet Jewelers Limited will post 10.6 EPS for the current year.
Signet Jewelers Increases Dividend
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The business 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. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.22%. This is a boost from Signet Jewelers's previous quarterly dividend of $0.23. Signet Jewelers's dividend payout ratio is currently 6.14%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Illinois Municipal Retirement Fund bought a new position in shares of Signet Jewelers in the third quarter valued at $1,905,000. William Blair Investment Management LLC raised its stake in Signet Jewelers by 7.2% during the 3rd quarter. William Blair Investment Management LLC now owns 585,383 shares of the company's stock valued at $42,036,000 after purchasing an additional 39,316 shares during the period. American Century Companies Inc. raised its stake in Signet Jewelers by 9.2% during the 3rd quarter. American Century Companies Inc. now owns 615,867 shares of the company's stock valued at $44,225,000 after purchasing an additional 52,104 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in Signet Jewelers by 42.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 394,365 shares of the company's stock valued at $42,300,000 after purchasing an additional 118,275 shares during the period. Finally, Procyon Advisors LLC acquired a new stake in Signet Jewelers during the 4th quarter valued at $255,000.
Analysts Set New Price Targets
SIG has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on Signet Jewelers from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Friday, December 22nd. Telsey Advisory Group boosted their price objective on Signet Jewelers from $100.00 to $110.00 and gave the stock a "market perform" rating in a research report on Thursday, April 4th. Bank of America reduced their price objective on Signet Jewelers from $110.00 to $100.00 and set a "neutral" rating for the company in a research report on Thursday, March 21st. StockNews.com cut Signet Jewelers from a "buy" rating to a "hold" rating in a report on Tuesday, March 26th. Finally, UBS Group boosted their target price on Signet Jewelers from $128.00 to $152.00 and gave the stock a "buy" rating in a report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $120.20.
View Our Latest Research Report on Signet Jewelers
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 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.
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