Signet Jewelers Limited (NYSE:SIG) Director Sells $381,150.00 in Stock

Signet Jewelers Limited (NYSE:SIG) Director Brian A. Tilzer sold 5,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $76.23, for a total value of $381,150.00. Following the sale, the director now directly owns 15,915 shares of the company’s stock, valued at $1,213,200.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Signet Jewelers Trading Up 0.5 %

NYSE SIG traded up $0.37 during trading on Monday, reaching $76.69. 675,372 shares of the company’s stock were exchanged, compared to its average volume of 795,849. Signet Jewelers Limited has a fifty-two week low of $51.29 and a fifty-two week high of $83.42. The firm has a market capitalization of $3.44 billion, a PE ratio of 8.72, a P/E/G ratio of 0.98 and a beta of 2.14. The company’s fifty day simple moving average is $75.24 and its 200-day simple moving average is $71.83.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Thursday, August 31st. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.10. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. Signet Jewelers had a return on equity of 34.59% and a net margin of 6.47%. The firm’s revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.68 EPS. Equities analysts forecast that Signet Jewelers Limited will post 9.89 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, October 27th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, October 26th. This represents a $0.92 annualized dividend and a dividend yield of 1.20%. Signet Jewelers’s dividend payout ratio is 10.47%.

Institutional Investors Weigh In On Signet Jewelers

Several institutional investors have recently made changes to their positions in SIG. Ameritas Advisory Services LLC acquired a new stake in shares of Signet Jewelers during the 1st quarter valued at about $28,000. Belpointe Asset Management LLC raised its stake in shares of Signet Jewelers by 67.9% in the 1st quarter. Belpointe Asset Management LLC now owns 403 shares of the company’s stock valued at $31,000 after acquiring an additional 163 shares in the last quarter. Quarry LP raised its stake in shares of Signet Jewelers by 274.1% in the 1st quarter. Quarry LP now owns 404 shares of the company’s stock valued at $31,000 after acquiring an additional 296 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Signet Jewelers by 416.3% in the 1st quarter. Fifth Third Bancorp now owns 413 shares of the company’s stock valued at $32,000 after acquiring an additional 333 shares in the last quarter. Finally, Kistler Tiffany Companies LLC bought a new position in shares of Signet Jewelers in the 2nd quarter valued at approximately $42,000.

Analysts Set New Price Targets

Several brokerages have recently commented on SIG. Citigroup reduced their target price on Signet Jewelers from $82.00 to $68.00 in a report on Friday, June 9th. StockNews.com began coverage on Signet Jewelers in a report on Thursday, August 17th. They set a “hold” rating for the company. Bank of America upped their target price on Signet Jewelers from $71.00 to $83.00 in a report on Friday, September 1st. UBS Group increased their price objective on Signet Jewelers from $90.00 to $93.00 in a research note on Friday, September 1st. Finally, Telsey Advisory Group raised their price objective on Signet Jewelers from $71.00 to $82.00 in a research report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.20.

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 Jewelers, Zales Outlet, 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.