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 company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $94.57, for a total transaction of $756,560.00. Following the transaction, the insider now owns 200,844 shares in the company, valued at approximately $18,993,817.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock opened at $92.84 on Friday. The firm has a fifty day moving average of $90.32 and a two-hundred day moving average of $91.98. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.08 and a beta of 2.10. Signet Jewelers Limited has a 52 week low of $67.18 and a 52 week high of $112.06.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.11. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. The firm’s revenue was down 7.6% on a year-over-year basis. As a group, research analysts forecast that Signet Jewelers Limited will post 10.8 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s dividend payout ratio is currently 13.43%.

Institutional Investors Weigh In On Signet Jewelers

Several large investors have recently bought and sold shares of the company. Ritholtz Wealth Management grew its holdings in shares of Signet Jewelers by 4.9% in the 3rd quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock valued at $254,000 after buying an additional 115 shares during the period. Lazard Asset Management LLC grew its stake in Signet Jewelers by 6.8% in the first quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after acquiring an additional 116 shares during the period. Blue Trust Inc. increased its holdings in shares of Signet Jewelers by 15.3% in the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after acquiring an additional 122 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Signet Jewelers by 1.4% in the second quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock worth $932,000 after acquiring an additional 144 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of 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.

Analyst Ratings Changes

A number of brokerages have weighed in on SIG. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $87.00 target price on shares of Signet Jewelers in a research note on Wednesday, October 2nd. Wells Fargo & Company upped their price objective on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group lowered their target price on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Bank of America lowered their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.60.

Signet Jewelers Company Profile

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.