Insider Selling: Signet Jewelers Limited (NYSE:SIG) Director Sells 3,333 Shares of Stock

Signet Jewelers Limited (NYSE:SIG) Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the sale, the director now owns 22,752 shares in the company, valued at approximately $1,231,565.76. The trade was a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Signet Jewelers Trading Down 2.8 %

NYSE:SIG opened at $52.60 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. Signet Jewelers Limited has a fifty-two week low of $52.09 and a fifty-two week high of $112.06. The stock’s 50-day moving average is $66.15 and its two-hundred day moving average is $82.21. The stock has a market cap of $2.29 billion, a PE ratio of 6.05, a price-to-earnings-growth ratio of 3.43 and a beta of 2.11.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.37 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS. As a group, equities research analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, January 24th were paid a $0.29 dividend. The ex-dividend date was Friday, January 24th. This represents a $1.16 annualized dividend and a dividend yield of 2.21%. Signet Jewelers’s payout ratio is 13.35%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SIG shares. Bank of America cut their price objective on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Telsey Advisory Group lowered their target price on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company lowered their target price on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Signet Jewelers currently has a consensus rating of “Moderate Buy” and an average target price of $95.20.

Institutional Investors Weigh In On Signet Jewelers

Large investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in shares of Signet Jewelers in the 3rd quarter valued at approximately $25,000. Smartleaf Asset Management LLC grew its stake in shares of Signet Jewelers by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock valued at $57,000 after buying an additional 421 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of Signet Jewelers in the 3rd quarter valued at approximately $77,000. CWM LLC grew its stake in shares of Signet Jewelers by 177.3% in the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after buying an additional 734 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Signet Jewelers by 25.5% in the 3rd quarter. KBC Group NV now owns 1,293 shares of the company’s stock valued at $133,000 after buying an additional 263 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.