Oded Edelman Sells 1,398 Shares of Signet Jewelers Limited (NYSE:SIG) Stock

Signet Jewelers Limited (NYSE:SIG) insider Oded Edelman sold 1,398 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $94.53, for a total value of $132,152.94. Following the transaction, the insider now owns 32,666 shares of the company’s stock, valued at $3,087,916.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Oded Edelman also recently made the following trade(s):

• On Wednesday, August 14th, Oded Edelman sold 9,000 shares of Signet Jewelers stock. The shares were sold at an average price of $74.55, for a total transaction of $670,950.00.

Signet Jewelers Price Performance

SIG stock opened at $98.07 on Friday. The firm has a market cap of $4.37 billion, a PE ratio of 7.97, a P/E/G ratio of 1.14 and a beta of 2.10. Signet Jewelers Limited has a 12 month low of $65.12 and a 12 month high of $112.06. The firm has a 50 day simple moving average of $84.71 and a 200 day simple moving average of $92.00.

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

Signet Jewelers Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. Signet Jewelers’s dividend payout ratio is currently 9.43%.

Analysts Set New Price Targets

SIG has been the topic of several research analyst reports. UBS Group lowered their target price on shares of 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 lowered their price objective on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 27th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup reiterated a “buy” rating and set a $119.00 price target on shares of Signet Jewelers in a research report on Friday, June 14th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $87.00 price objective on shares of Signet Jewelers in a research note on Wednesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.60.

Institutional Trading of Signet Jewelers

Hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB increased its position in shares of Signet Jewelers by 36.3% in the third quarter. Handelsbanken Fonder AB now owns 12,400 shares of the company’s stock worth $1,279,000 after acquiring an additional 3,300 shares in the last quarter. SG Americas Securities LLC boosted its stake in Signet Jewelers by 25.2% in the 3rd quarter. SG Americas Securities LLC now owns 6,645 shares of the company’s stock worth $685,000 after purchasing an additional 1,337 shares during the period. Sanctuary Advisors LLC purchased a new position in Signet Jewelers during the 2nd quarter worth approximately $2,772,000. Coronation Fund Managers Ltd. raised its stake in Signet Jewelers by 35.9% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 44,405 shares of the company’s stock valued at $3,978,000 after purchasing an additional 11,723 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Signet Jewelers by 2.2% in the second quarter. Cetera Investment Advisers now owns 11,793 shares of the company’s stock valued at $1,056,000 after purchasing an additional 257 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.