Signet Jewelers Limited (NYSE:SIG) CEO Virginia Drosos Sells 600 Shares

Signet Jewelers Limited (NYSE:SIG) CEO Virginia Drosos sold 600 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $101.25, for a total value of $60,750.00. Following the sale, the chief executive officer now directly owns 728,220 shares in the company, valued at approximately $73,732,275. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Virginia Drosos also recently made the following trade(s):

• On Thursday, September 26th, Virginia Drosos sold 3,475 shares of Signet Jewelers stock. The shares were sold at an average price of $101.67, for a total transaction of $353,303.25.

Signet Jewelers Stock Down 0.8 %

Shares of Signet Jewelers stock opened at $100.79 on Friday. Signet Jewelers Limited has a 12-month low of $67.18 and a 12-month high of $112.06. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.11 and a beta of 2.10. The firm’s 50-day moving average price is $88.22 and its two-hundred day moving average price is $92.16.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.11. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates 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 was down 7.6% compared to the same quarter last year. During the same period last year, the firm posted $1.55 earnings per share. On average, sell-side analysts expect that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.15%. Signet Jewelers’s dividend payout ratio is currently 13.43%.

Hedge Funds Weigh In On Signet Jewelers

A number of institutional investors and hedge funds have recently bought and sold shares of SIG. Ritholtz Wealth Management raised its stake in shares of Signet Jewelers by 4.9% during the third quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock valued at $254,000 after acquiring an additional 115 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Signet Jewelers by 6.8% in the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after buying an additional 116 shares during the last quarter. Blue Trust Inc. raised its position in shares of Signet Jewelers by 15.3% during the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after acquiring an additional 122 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Signet Jewelers by 1.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock valued at $932,000 after purchasing an additional 144 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Signet Jewelers by 5.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock worth $303,000 after acquiring an additional 156 shares during the period.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Bank of America reduced their price target on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $87.00 price objective on shares of Signet Jewelers in a research report on Wednesday, October 2nd. StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company cut their price target on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Signet Jewelers currently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

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.