Insider Selling: Signet Jewelers Limited (NYSE:SIG) Insider Sells 20,000 Shares of Stock

Signet Jewelers Limited (NYSE:SIGGet Rating) insider Oded Edelman sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $56.21, for a total value of $1,124,200.00. Following the transaction, the insider now owns 65,398 shares in the company, valued at approximately $3,676,021.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Oded Edelman also recently made the following trade(s):

  • On Thursday, May 5th, Oded Edelman sold 20,000 shares of Signet Jewelers stock. The stock was sold at an average price of $69.34, for a total value of $1,386,800.00.

Shares of NYSE:SIG traded up $0.24 during midday trading on Monday, reaching $54.98. 1,128,945 shares of the company’s stock traded hands, compared to its average volume of 1,315,733. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.81 and a current ratio of 1.80. Signet Jewelers Limited has a one year low of $52.38 and a one year high of $111.92. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 4.51, a P/E/G ratio of 0.62 and a beta of 2.37. The stock has a 50 day moving average of $72.33 and a 200 day moving average of $81.39.

Signet Jewelers (NYSE:SIGGet Rating) last issued its quarterly earnings data on Thursday, March 17th. The company reported $5.01 earnings per share for the quarter, beating analysts’ consensus estimates of $4.91 by $0.10. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. Signet Jewelers had a net margin of 9.84% and a return on equity of 51.76%. The firm’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.15 earnings per share. Sell-side analysts predict that Signet Jewelers Limited will post 11.26 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, April 29th will be paid a dividend of $0.20 per share. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Thursday, April 28th. Signet Jewelers’s payout ratio is currently 6.56%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Signet Jewelers by 9.8% during the fourth quarter. BlackRock Inc. now owns 9,136,052 shares of the company’s stock valued at $795,112,000 after purchasing an additional 815,094 shares in the last quarter. Select Equity Group L.P. lifted its position in shares of Signet Jewelers by 45.8% during the 1st quarter. Select Equity Group L.P. now owns 8,079,589 shares of the company’s stock valued at $587,386,000 after buying an additional 2,538,257 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Signet Jewelers by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 6,181,170 shares of the company’s stock valued at $449,370,000 after acquiring an additional 31,035 shares during the period. Dimensional Fund Advisors LP increased its holdings in Signet Jewelers by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,518,544 shares of the company’s stock worth $198,886,000 after acquiring an additional 31,093 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Signet Jewelers by 2.5% in the first quarter. State Street Corp now owns 1,769,053 shares of the company’s stock worth $128,610,000 after purchasing an additional 42,874 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of Signet Jewelers from a “buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a report on Thursday. Citigroup boosted their price objective on shares of Signet Jewelers from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, March 18th. Wells Fargo & Company decreased their target price on shares of Signet Jewelers from $140.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, April 5th. Finally, StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Saturday, March 26th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $96.00.

About Signet Jewelers (Get Rating)

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 Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox.

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