Rebecca Wooters Sells 22,151 Shares of Signet Jewelers Limited (NYSE:SIG) Stock

Signet Jewelers Limited (NYSE:SIG) insider Rebecca Wooters sold 22,151 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the transaction, the insider now owns 68,343 shares of the company’s stock, valued at approximately $6,765,957. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Signet Jewelers Stock Performance

NYSE:SIG opened at $100.97 on Friday. The firm’s fifty day moving average is $83.35 and its two-hundred day moving average is $92.06. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 1.11 and a beta of 2.10. Signet Jewelers Limited has a one year low of $65.12 and a one year high of $112.06.

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

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.15%. Signet Jewelers’s dividend payout ratio is presently 9.43%.

Analysts Set New Price Targets

Several research firms have issued reports on SIG. Citigroup reaffirmed a “buy” rating and issued a $119.00 price target on shares of Signet Jewelers in a report on Friday, June 14th. Wells Fargo & Company decreased their price target on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, August 27th. Telsey Advisory Group dropped their price target on Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating on the stock in a research note on Monday, September 9th. UBS Group decreased their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Hedge Funds Weigh In On Signet Jewelers

A number of hedge funds have recently bought and sold shares of SIG. Khrom Capital Management LLC acquired a new position in shares of Signet Jewelers during the 2nd quarter worth approximately $58,357,000. Norges Bank purchased a new stake in Signet Jewelers in the 4th quarter worth $52,976,000. Eminence Capital LP raised its position in Signet Jewelers by 71.3% during the second quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock worth $75,644,000 after acquiring an additional 351,588 shares during the period. Select Equity Group L.P. lifted its holdings in Signet Jewelers by 2.9% during the second quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock valued at $622,562,000 after purchasing an additional 193,977 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Signet Jewelers by 38.2% in the first quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock valued at $65,646,000 after purchasing 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.