Eugenia Ulasewicz Sells 3,333 Shares of Signet Jewelers Limited (NYSE:SIG) Stock

Signet Jewelers Limited (NYSE:SIG) Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $99.63, for a total transaction of $332,066.79. Following the transaction, the director now owns 26,085 shares of the company’s stock, valued at approximately $2,598,848.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Signet Jewelers Price Performance

SIG opened at $92.84 on Friday. The company’s 50 day moving average price is $90.32 and its two-hundred day moving average price is $91.98. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.08 and a beta of 2.10. Signet Jewelers Limited has a fifty-two week low of $67.18 and a fifty-two week high of $112.06.

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

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s dividend payout ratio is currently 13.43%.

Institutional Trading of Signet Jewelers

Several institutional investors have recently added to or reduced their stakes in SIG. Select Equity Group L.P. lifted its position in shares of Signet Jewelers by 2.9% in the 2nd quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock worth $622,562,000 after purchasing an additional 193,977 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Signet Jewelers by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock valued at $213,809,000 after buying an additional 149,934 shares during the period. Pacer Advisors Inc. lifted its holdings in Signet Jewelers by 6.5% in the second quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company’s stock valued at $185,347,000 after buying an additional 126,726 shares during the period. Eminence Capital LP boosted its position in Signet Jewelers by 71.3% during the second quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock valued at $75,644,000 after acquiring an additional 351,588 shares during the last quarter. Finally, Anomaly Capital Management LP grew its holdings in Signet Jewelers by 12.4% during the 2nd quarter. Anomaly Capital Management LP now owns 691,451 shares of the company’s stock worth $61,940,000 after acquiring an additional 76,534 shares during the period.

Wall Street Analysts Forecast Growth

SIG has been the topic of several research analyst reports. UBS Group reduced their price objective on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Wells Fargo & Company raised their price target on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Monday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a research note on Wednesday, October 2nd. Finally, Bank of America dropped their price target on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $109.60.

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.