Signet Jewelers Limited (NYSE:SIG) CEO Purchases 15,000 Shares

Signet Jewelers Limited (NYSE:SIG) CEO James Kevin Symancyk acquired 15,000 shares of Signet Jewelers stock in a transaction dated Monday, March 31st. The shares were bought at an average cost of $57.45 per share, with a total value of $861,750.00. Following the completion of the purchase, the chief executive officer now owns 50,710 shares in the company, valued at approximately $2,913,289.50. This represents a 42.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Signet Jewelers Stock Performance

SIG stock opened at $59.35 on Wednesday. The firm has a 50 day simple moving average of $54.52 and a 200 day simple moving average of $77.28. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $112.06. The stock has a market cap of $2.55 billion, a P/E ratio of 6.83, a P/E/G ratio of 3.43 and a beta of 2.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.39 by $0.23. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the business posted $6.73 EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. Research analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.28 dividend on an annualized basis and a yield of 2.16%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.29. Signet Jewelers’s payout ratio is -168.42%.

Analyst Ratings Changes

SIG has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. UBS Group raised their target price on shares of Signet Jewelers from $85.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Cfra Research upgraded shares of Signet Jewelers to a “moderate buy” rating in a report on Thursday, March 20th. StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $55.00 target price on shares of Signet Jewelers in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.60.

Institutional Investors Weigh In On Signet Jewelers

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in shares of Signet Jewelers by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock valued at $57,000 after buying an additional 421 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Signet Jewelers in the third quarter valued at approximately $77,000. Sterling Capital Management LLC grew its position in Signet Jewelers by 832.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,362 shares of the company’s stock worth $110,000 after acquiring an additional 1,216 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Signet Jewelers by 32.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company’s stock worth $123,000 after acquiring an additional 410 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Signet Jewelers by 34.6% during the 4th quarter. KBC Group NV now owns 1,740 shares of the company’s stock worth $140,000 after purchasing an additional 447 shares during the last quarter.

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.