Signet Jewelers Limited (NYSE:SIG) Insider Sells $75,000.00 in Stock

Signet Jewelers Limited (NYSE:SIG – Get Rating) insider Stash Ptak sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the sale, the insider now owns 34,333 shares in the company, valued at approximately $2,574,975. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Signet Jewelers Stock Performance

SIG stock opened at $72.04 on Monday. The stock’s 50 day simple moving average is $66.43 and its 200 day simple moving average is $62.42. The stock has a market capitalization of $3.27 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 0.76 and a beta of 2.12. The company has a current ratio of 1.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.11. Signet Jewelers Limited has a 12-month low of $48.31 and a 12-month high of $92.25.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Stockholders of record on Friday, January 27th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, January 26th. This represents a $0.80 annualized dividend and a dividend yield of 1.11%. Signet Jewelers’s payout ratio is 12.90%.

Hedge Funds Weigh In On Signet Jewelers

Hedge funds and other institutional investors have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Signet Jewelers during the 2nd quarter valued at $37,000. Quadrant Capital Group LLC lifted its holdings in shares of Signet Jewelers by 342.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 766 shares of the company’s stock valued at $44,000 after buying an additional 593 shares during the period. Repertoire Partners LP bought a new position in shares of Signet Jewelers during the 3rd quarter valued at $57,000. Focused Wealth Management Inc bought a new position in shares of Signet Jewelers during the 3rd quarter valued at $66,000. Finally, Lazard Asset Management LLC raised its holdings in Signet Jewelers by 115.4% in the 2nd quarter. Lazard Asset Management LLC now owns 1,174 shares of the company’s stock worth $62,000 after purchasing an additional 629 shares during the period. 97.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. UBS Group upped their price target on Signet Jewelers from $79.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, December 7th. Bank of America upped their price target on Signet Jewelers from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 7th. Citigroup upped their price target on Signet Jewelers from $60.00 to $77.00 in a research note on Wednesday, December 7th. Telsey Advisory Group upped their price objective on Signet Jewelers from $72.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, December 7th. Finally, StockNews.com started coverage on Signet Jewelers in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Signet Jewelers presently has an average rating of “Hold” and a consensus price target of $85.00.

About Signet Jewelers

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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.