Signet Jewelers Limited (NYSE:SIG) CAO Vincent Ciccolini Sells 4,000 Shares

Signet Jewelers Limited (NYSE:SIG) CAO Vincent Ciccolini sold 4,000 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $101.64, for a total transaction of $406,560.00. Following the transaction, the chief accounting officer now owns 46,076 shares in the company, valued at approximately $4,683,164.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Signet Jewelers Trading Down 4.0 %

Shares of SIG stock opened at $98.04 on Wednesday. The firm has a market capitalization of $4.35 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 1.20 and a beta of 2.13. The firm has a fifty day simple moving average of $99.51 and a two-hundred day simple moving average of $93.78. Signet Jewelers Limited has a 12 month low of $57.10 and a 12 month high of $109.17.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.40. Signet Jewelers had a net margin of 11.30% and a return on equity of 32.26%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the business posted $5.52 EPS. Signet Jewelers’s quarterly revenue was down 6.3% on a year-over-year basis. On average, equities analysts predict that Signet Jewelers Limited will post 10.6 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 26th will be paid a $0.29 dividend. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, April 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. Signet Jewelers’s dividend payout ratio is presently 7.74%.

Analyst Ratings Changes

SIG has been the topic of a number of research reports. Bank of America dropped their target price on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. Telsey Advisory Group boosted their target price on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, UBS Group boosted their price target on shares of Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $120.20.

Institutional Trading of Signet Jewelers

Several institutional investors have recently made changes to their positions in SIG. Eminence Capital LP bought a new stake in shares of Signet Jewelers in the 3rd quarter worth $40,962,000. Norges Bank bought a new stake in shares of Signet Jewelers in the 4th quarter worth $52,976,000. Pacer Advisors Inc. grew its stake in shares of Signet Jewelers by 38.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,262,773 shares of the company’s stock worth $135,445,000 after acquiring an additional 349,771 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Signet Jewelers in the 3rd quarter worth $19,826,000. Finally, Brown Advisory Inc. grew its stake in shares of Signet Jewelers by 26.6% in the 3rd quarter. Brown Advisory Inc. now owns 719,186 shares of the company’s stock worth $51,645,000 after acquiring an additional 151,121 shares in the last quarter.

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.