Signet Jewelers Limited (NYSE:SIG) Insider Rebecca Wooters Sells 22,151 Shares of Stock

Signet Jewelers Limited (NYSE:SIG) insider Rebecca Wooters sold 22,151 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the completion of the sale, the insider now directly owns 68,343 shares in the company, valued at approximately $6,765,957. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Signet Jewelers Stock Down 1.8 %

NYSE:SIG opened at $98.46 on Friday. Signet Jewelers Limited has a 12-month low of $65.12 and a 12-month high of $112.06. The stock’s 50 day moving average price is $83.02 and its two-hundred day moving average price is $92.02. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 8.00, a P/E/G ratio of 1.11 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.11. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the business earned $1.55 EPS. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. Equities research analysts expect that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s payout ratio is 9.43%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC boosted its holdings in shares of Signet Jewelers by 6.8% during the first quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock worth $183,000 after acquiring an additional 116 shares during the period. Blue Trust Inc. boosted its stake in Signet Jewelers by 15.3% in the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after purchasing an additional 122 shares during the period. SummerHaven Investment Management LLC boosted its stake in Signet Jewelers by 1.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock valued at $932,000 after purchasing an additional 144 shares during the period. Commerce Bank grew its holdings in Signet Jewelers by 5.3% in the 4th quarter. Commerce Bank now owns 2,941 shares of the company’s stock valued at $315,000 after buying an additional 148 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Signet Jewelers by 5.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock worth $303,000 after buying an additional 156 shares during the period.

Analysts Set New Price Targets

Several brokerages have issued reports on SIG. Telsey Advisory Group lowered their price target on shares of Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating on the stock in a research note on Monday, September 9th. Wells Fargo & Company dropped their target price on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, August 27th. Citigroup restated a “buy” rating and issued a $119.00 price target on shares of Signet Jewelers in a research note on Friday, June 14th. Bank of America cut their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Finally, StockNews.com raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $108.60.

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 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.