Signet Jewelers Limited (NYSE:SIG) Director Sells $1,000,900.00 in Stock

Signet Jewelers Limited (NYSE:SIG) Director H. Todd Stitzer sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $100.09, for a total value of $1,000,900.00. Following the sale, the director now directly owns 41,678 shares of the company’s stock, valued at approximately $4,171,551.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

H. Todd Stitzer also recently made the following trade(s):

• On Tuesday, April 9th, H. Todd Stitzer sold 5,000 shares of Signet Jewelers stock. The stock was sold at an average price of $102.41, for a total transaction of $512,050.00.

Signet Jewelers Stock Up 1.2 %

Signet Jewelers stock opened at $99.74 on Friday. The business has a 50 day moving average price of $99.78 and a two-hundred day moving average price of $92.99. Signet Jewelers Limited has a 12 month low of $57.10 and a 12 month high of $109.17. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 6.65, a price-to-earnings-growth ratio of 1.19 and a beta of 2.13.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, topping the consensus estimate of $6.33 by $0.40. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. Signet Jewelers’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business earned $5.52 earnings per share. On average, analysts expect that Signet Jewelers Limited will post 10.6 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, April 25th. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s dividend payout ratio is 6.14%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Telsey Advisory Group increased their target price on Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. UBS Group raised their target price on Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, Bank of America cut their price target on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $120.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC raised its holdings in shares of Signet Jewelers by 1.1% in the 4th quarter. SummerHaven Investment Management LLC now owns 10,163 shares of the company’s stock worth $1,090,000 after buying an additional 106 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in Signet Jewelers by 37.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock worth $50,000 after acquiring an additional 127 shares in the last quarter. Commerce Bank lifted its holdings in shares of Signet Jewelers by 5.3% during the fourth quarter. Commerce Bank now owns 2,941 shares of the company’s stock valued at $315,000 after acquiring an additional 148 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Signet Jewelers by 5.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock valued at $303,000 after purchasing an additional 156 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Signet Jewelers by 1.8% in the 3rd quarter. Arizona State Retirement System now owns 12,282 shares of the company’s stock worth $882,000 after purchasing an additional 215 shares during the last quarter.

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.