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 business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total value of $756,560.00. Following the completion of the transaction, the insider now directly owns 200,844 shares of the company’s stock, valued at approximately $18,993,817.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Signet Jewelers Trading Down 2.1 %

Shares of SIG traded down $2.02 during mid-day trading on Wednesday, hitting $93.64. 1,314,828 shares of the company’s stock were exchanged, compared to its average volume of 820,108. Signet Jewelers Limited has a fifty-two week low of $67.18 and a fifty-two week high of $112.06. The firm has a market capitalization of $4.12 billion, a P/E ratio of 10.80, a P/E/G ratio of 1.14 and a beta of 2.10. The business’s 50 day moving average is $89.64 and its two-hundred day moving average is $91.96.

Signet Jewelers (NYSE:SIG) last announced 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 net margin of 8.58% and a return on equity of 29.90%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm earned $1.55 earnings per share. The firm’s revenue was down 7.6% compared to the same quarter last year. On average, equities research analysts forecast that Signet Jewelers Limited will post 10.8 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 1.24%. Signet Jewelers’s payout ratio is currently 13.43%.

Institutional Trading of Signet Jewelers

Several institutional investors have recently made changes to their positions in the stock. Khrom Capital Management LLC acquired a new position in Signet Jewelers in the 2nd quarter worth $58,357,000. Eminence Capital LP increased its position in shares of Signet Jewelers by 71.3% in the 2nd quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock worth $75,644,000 after purchasing an additional 351,588 shares during the last quarter. Select Equity Group L.P. grew its position in shares of Signet Jewelers by 2.9% during the 2nd quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock valued at $622,562,000 after buying an additional 193,977 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Signet Jewelers by 38.2% during the 1st quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock valued at $65,646,000 after buying an additional 181,207 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Signet Jewelers by 6.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock valued at $213,809,000 after buying an additional 149,934 shares during the last quarter.

Analysts Set New Price Targets

SIG has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday. Telsey Advisory Group reiterated a “market perform” rating and issued a $87.00 price objective on shares of Signet Jewelers in a report on Wednesday, October 2nd. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Monday. Bank of America reduced their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Finally, UBS Group reduced their price objective on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.