Signet Jewelers Limited (NYSE:SIG) Insider Rebecca Wooters Sells 3,000 Shares

Signet Jewelers Limited (NYSE:SIG) insider Rebecca Wooters sold 3,000 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $90.34, for a total value of $271,020.00. Following the transaction, the insider now owns 90,494 shares of the company’s stock, valued at $8,175,227.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Signet Jewelers Stock Down 0.3 %

SIG opened at $89.41 on Tuesday. Signet Jewelers Limited has a 12-month low of $61.82 and a 12-month high of $112.06. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 0.99 and a beta of 2.12. The business has a 50 day moving average of $99.24 and a 200-day moving average of $100.13.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, June 13th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Signet Jewelers had a return on equity of 32.51% and a net margin of 10.91%. The business’s revenue was down 9.4% on a year-over-year basis. During the same period last year, the firm posted $1.78 earnings per share. As a group, analysts expect that Signet Jewelers Limited will post 10.6 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, July 26th. This represents a $1.16 annualized dividend and a yield of 1.30%. Signet Jewelers’s payout ratio is currently 9.43%.

Analysts Set New Price Targets

A number of research analysts have weighed in on SIG shares. Bank of America decreased their price target on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Citigroup restated a “buy” rating and issued a $119.00 price target on shares of Signet Jewelers in a research note on Friday, June 14th. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. UBS Group raised their price target on Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, Wells Fargo & Company raised their price target on Signet Jewelers from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, June 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.20.

Institutional Trading of Signet Jewelers

Several hedge funds have recently added to or reduced their stakes in SIG. Rhumbline Advisers lifted its holdings in Signet Jewelers by 1.5% during the 3rd quarter. Rhumbline Advisers now owns 148,415 shares of the company’s stock worth $10,658,000 after purchasing an additional 2,135 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Signet Jewelers during the 3rd quarter worth approximately $250,000. FMR LLC lifted its holdings in Signet Jewelers by 8.4% during the 3rd quarter. FMR LLC now owns 1,201,134 shares of the company’s stock worth $86,253,000 after purchasing an additional 93,136 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Signet Jewelers by 8.6% in the 3rd quarter. Hsbc Holdings PLC now owns 9,621 shares of the company’s stock valued at $692,000 after acquiring an additional 763 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in Signet Jewelers by 18,417.6% in the 3rd quarter. Federated Hermes Inc. now owns 27,406 shares of the company’s stock valued at $1,968,000 after acquiring an additional 27,258 shares in the last quarter.

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.