Signet Jewelers Limited (NYSE:SIG) Insider Joan M. Hilson Sells 10,000 Shares

Signet Jewelers Limited (NYSE:SIG) insider Joan M. Hilson sold 10,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $74.57, for a total value of $745,700.00. Following the transaction, the insider now directly owns 225,762 shares of the company’s stock, valued at approximately $16,835,072.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Signet Jewelers Stock Up 0.1 %

Shares of SIG opened at $74.95 on Tuesday. Signet Jewelers Limited has a 12-month low of $51.29 and a 12-month high of $83.42. The business has a 50-day simple moving average of $74.43 and a two-hundred day simple moving average of $71.71. The stock has a market cap of $3.40 billion, a PE ratio of 8.53, a PEG ratio of 0.95 and a beta of 2.14.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, August 31st. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. Signet Jewelers had a return on equity of 34.59% and a net margin of 6.47%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the company posted $2.68 EPS. The business’s revenue was down 8.1% on a year-over-year basis. On average, equities research analysts expect that Signet Jewelers Limited will post 9.89 EPS for the current year.

Signet Jewelers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, October 27th will be given a $0.23 dividend. The ex-dividend date is Thursday, October 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.23%. Signet Jewelers’s dividend payout ratio (DPR) is presently 10.47%.

Institutional Investors Weigh In On Signet Jewelers

A number of institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. grew its position in shares of Signet Jewelers by 1.6% in the 2nd quarter. Bessemer Group Inc. now owns 9,244 shares of the company’s stock valued at $604,000 after buying an additional 144 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Signet Jewelers by 4.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,683 shares of the company’s stock valued at $240,000 after purchasing an additional 158 shares in the last quarter. Belpointe Asset Management LLC boosted its position in shares of Signet Jewelers by 67.9% during the 1st quarter. Belpointe Asset Management LLC now owns 403 shares of the company’s stock valued at $31,000 after purchasing an additional 163 shares in the last quarter. Ronald Blue Trust Inc. boosted its position in shares of Signet Jewelers by 33.5% during the 1st quarter. Ronald Blue Trust Inc. now owns 686 shares of the company’s stock valued at $47,000 after purchasing an additional 172 shares in the last quarter. Finally, Martingale Asset Management L P boosted its position in shares of Signet Jewelers by 1.0% during the 4th quarter. Martingale Asset Management L P now owns 21,265 shares of the company’s stock valued at $1,446,000 after purchasing an additional 202 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SIG shares. Bank of America boosted their price target on Signet Jewelers from $71.00 to $83.00 in a report on Friday, September 1st. Northcoast Research cut Signet Jewelers from a “buy” rating to a “neutral” rating in a report on Monday, June 12th. Wells Fargo & Company lowered their target price on Signet Jewelers from $100.00 to $95.00 in a report on Friday, June 9th. UBS Group upped their target price on Signet Jewelers from $90.00 to $93.00 in a report on Friday, September 1st. Finally, StockNews.com initiated coverage on Signet Jewelers in a report on Thursday, August 17th. They issued a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Signet Jewelers has an average rating of “Hold” and an average target price of $84.20.

About Signet Jewelers

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 its digital banners, James Allen and Blue Nile.