Signet Jewelers Ltd. (NYSE:SIG) insider Oded Edelman purchased 90,398 shares of the stock in a transaction on Friday, January 12th. The stock was acquired at an average cost of $55.31 per share, with a total value of $4,999,913.38. Following the acquisition, the insider now owns 33,962 shares of the company’s stock, valued at approximately $1,878,438.22. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Signet Jewelers Ltd. (NYSE SIG) opened at $55.64 on Thursday. The company has a current ratio of 2.63, a quick ratio of 0.76 and a debt-to-equity ratio of 0.33. Signet Jewelers Ltd. has a twelve month low of $46.09 and a twelve month high of $84.25. The company has a market capitalization of $3,370.00, a PE ratio of 9.66, a P/E/G ratio of 1.10 and a beta of 0.94.
Signet Jewelers (NYSE:SIG) last released its earnings results on Tuesday, November 21st. The company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. Signet Jewelers had a return on equity of 20.76% and a net margin of 7.32%. analysts expect that Signet Jewelers Ltd. will post 6.48 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 2nd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, February 1st. Signet Jewelers’s dividend payout ratio is currently 21.53%.
Several brokerages have weighed in on SIG. Wells Fargo & Co set a $52.00 price target on Signet Jewelers and gave the stock a “hold” rating in a report on Thursday, January 11th. Needham & Company LLC set a $60.00 price target on Signet Jewelers and gave the stock a “buy” rating in a report on Thursday, January 11th. ValuEngine raised Signet Jewelers from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Northcoast Research reaffirmed a “neutral” rating on shares of Signet Jewelers in a report on Friday, September 29th. Finally, Royal Bank of Canada downgraded Signet Jewelers from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $60.00 to $55.00 in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. Signet Jewelers has a consensus rating of “Hold” and a consensus target price of $64.67.
A number of hedge funds have recently made changes to their positions in the stock. M&T Bank Corp raised its position in Signet Jewelers by 0.8% during the second quarter. M&T Bank Corp now owns 7,142 shares of the company’s stock valued at $452,000 after acquiring an additional 59 shares in the last quarter. Commonwealth Bank of Australia raised its position in Signet Jewelers by 5.6% during the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock valued at $101,000 after acquiring an additional 85 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Signet Jewelers by 19.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock valued at $128,000 after acquiring an additional 335 shares in the last quarter. Hosking Partners LLP raised its position in Signet Jewelers by 0.6% during the third quarter. Hosking Partners LLP now owns 119,049 shares of the company’s stock valued at $7,923,000 after acquiring an additional 712 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Signet Jewelers by 9.8% during the third quarter. Janney Montgomery Scott LLC now owns 8,082 shares of the company’s stock valued at $538,000 after acquiring an additional 721 shares in the last quarter.
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Signet Jewelers Company Profile
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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