Joan M. Hilson Sells 8,000 Shares of Signet Jewelers Limited (NYSE:SIG) Stock

Signet Jewelers Limited (NYSE:SIG) insider Joan M. Hilson sold 8,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $91.81, for a total value of $734,480.00. Following the completion of the sale, the insider now directly owns 189,231 shares of the company’s stock, valued at approximately $17,373,298.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Signet Jewelers Stock Performance

Shares of SIG opened at $86.75 on Wednesday. The firm has a market cap of $3.87 billion, a PE ratio of 7.05, a PEG ratio of 0.96 and a beta of 2.12. Signet Jewelers Limited has a twelve month low of $61.82 and a twelve month high of $112.06. The firm’s 50 day moving average price is $99.04 and its 200 day moving average price is $100.06.

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

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, July 26th. Signet Jewelers’s dividend payout ratio is 9.43%.

Wall Street Analyst Weigh In

SIG has been the subject of a number of research reports. UBS Group raised their price objective on Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Bank of America dropped their price objective on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. Citigroup reissued a “buy” rating and set a $119.00 target price on shares of Signet Jewelers in a research note on Friday, June 14th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 price target on shares of Signet Jewelers in a research note on Thursday, June 13th. Three 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 “Moderate Buy” and an average price target of $121.20.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in Signet Jewelers by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,323,982 shares of the company’s stock valued at $249,272,000 after purchasing an additional 51,397 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Signet Jewelers by 38.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,262,773 shares of the company’s stock worth $135,445,000 after buying an additional 349,771 shares during the period. FMR LLC boosted its holdings in shares of 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 buying an additional 93,136 shares during the period. Eminence Capital LP grew its stake in Signet Jewelers by 33.1% in the 4th quarter. Eminence Capital LP now owns 759,439 shares of the company’s stock valued at $81,457,000 after buying an additional 189,019 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Signet Jewelers by 38.2% in the 1st quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock worth $65,646,000 after acquiring an additional 181,207 shares during the period.

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.