Signet Jewelers (NYSE:SIG) Sets New 52-Week Low on Insider Selling

Signet Jewelers Limited (NYSE:SIG)’s stock price hit a new 52-week low during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $50.81 and last traded at $51.58, with a volume of 46815 shares traded. The stock had previously closed at $52.75.

Specifically, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of the sale, the director now owns 22,752 shares in the company, valued at approximately $1,231,565.76. This trade represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SIG. Bank of America lowered their target price on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company lowered their target price on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Telsey Advisory Group lowered their target price on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, January 15th. Finally, StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Three investment 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 stock has an average rating of “Moderate Buy” and an average target price of $95.20.

Signet Jewelers Trading Down 3.3 %

The business has a 50 day simple moving average of $65.48 and a two-hundred day simple moving average of $82.14. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 3.43 and a beta of 2.11.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business earned $0.24 EPS. Signet Jewelers’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 24th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Friday, January 24th. Signet Jewelers’s dividend payout ratio is presently 13.35%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SIG. Creative Planning lifted its holdings in Signet Jewelers by 26.0% during the 3rd quarter. Creative Planning now owns 9,827 shares of the company’s stock worth $1,014,000 after buying an additional 2,029 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new position in Signet Jewelers during the 3rd quarter worth approximately $288,000. GW Henssler & Associates Ltd. bought a new position in Signet Jewelers during the 3rd quarter worth approximately $227,000. Trajan Wealth LLC bought a new position in Signet Jewelers during the 3rd quarter worth approximately $258,000. Finally, Murphy Pohlad Asset Management LLC lifted its holdings in Signet Jewelers by 1.5% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 28,325 shares of the company’s stock worth $2,921,000 after buying an additional 425 shares during 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.