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 stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $100.09, for a total transaction of $1,000,900.00. Following the transaction, the director now directly owns 41,678 shares in the company, valued at approximately $4,171,551.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 Performance

Shares of SIG traded up $0.97 during mid-day trading on Tuesday, reaching $101.08. 623,819 shares of the company’s stock traded hands, compared to its average volume of 721,845. The business’s 50-day moving average price is $99.91 and its 200-day moving average price is $92.95. The stock has a market capitalization of $4.48 billion, a P/E ratio of 6.74, a price-to-earnings-growth ratio of 1.13 and a beta of 2.13. 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 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. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the company earned $5.52 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities research analysts anticipate that Signet Jewelers Limited will post 10.6 EPS for the current year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be issued a dividend of $0.29 per share. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.16 annualized dividend and a yield of 1.15%. Signet Jewelers’s payout ratio is presently 6.14%.

Institutional Investors Weigh In On Signet Jewelers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund bought a new position in shares of Signet Jewelers in the third quarter valued at $1,905,000. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Signet Jewelers by 42.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 394,365 shares of the company’s stock valued at $42,300,000 after buying an additional 118,275 shares in the last quarter. William Blair Investment Management LLC raised its stake in Signet Jewelers by 7.2% during the 3rd quarter. William Blair Investment Management LLC now owns 585,383 shares of the company’s stock valued at $42,036,000 after purchasing an additional 39,316 shares during the period. American Century Companies Inc. raised its stake in Signet Jewelers by 9.2% during the 3rd quarter. American Century Companies Inc. now owns 615,867 shares of the company’s stock valued at $44,225,000 after purchasing an additional 52,104 shares during the period. Finally, Procyon Advisors LLC acquired a new stake in Signet Jewelers during the 4th quarter valued at $255,000.

Wall Street Analyst Weigh In

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

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.