Signet Jewelers Limited (NYSE:SIG) Insider Mary Elizabeth Finn Sells 4,237 Shares

Signet Jewelers Limited (NYSE:SIG) insider Mary Elizabeth Finn sold 4,237 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $100.10, for a total value of $424,123.70. Following the transaction, the insider now owns 38,821 shares in the company, valued at approximately $3,885,982.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mary Elizabeth Finn also recently made the following trade(s):

• On Monday, September 16th, Mary Elizabeth Finn sold 3,763 shares of Signet Jewelers stock. The stock was sold at an average price of $92.32, for a total value of $347,400.16.
• On Friday, August 23rd, Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock. The shares were sold at an average price of $80.00, for a total value of $640,000.00.

Signet Jewelers Price Performance

Shares of SIG opened at $100.79 on Friday. The firm has a 50-day simple moving average of $88.22 and a two-hundred day simple moving average of $92.16. The stock has a market cap of $4.44 billion, a PE ratio of 11.67, a P/E/G ratio of 1.11 and a beta of 2.10. Signet Jewelers Limited has a 1-year low of $67.18 and a 1-year high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, topping 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 analysts’ expectations of $1.50 billion. During the same quarter last year, the company posted $1.55 EPS. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. As a group, sell-side analysts expect that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on SIG shares. Telsey Advisory Group reissued a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a research report on Wednesday, October 2nd. UBS Group decreased their target price 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 cut their price target on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Wells Fargo & Company reduced their price target on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 27th. Finally, StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $108.60.

Hedge Funds Weigh In On Signet Jewelers

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new stake in Signet Jewelers during the second quarter worth about $51,000. Hexagon Capital Partners LLC grew its holdings in shares of Signet Jewelers by 33.4% in the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock valued at $63,000 after purchasing an additional 175 shares in the last quarter. Blue Trust Inc. increased its stake in Signet Jewelers by 15.3% during the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after buying an additional 122 shares during the period. CWM LLC lifted its holdings in Signet Jewelers by 177.3% during the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock worth $118,000 after buying an additional 734 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in Signet Jewelers in the 2nd quarter valued at approximately $180,000.

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.