Virginia Drosos Sells 3,475 Shares of Signet Jewelers Limited (NYSE:SIG) Stock

Signet Jewelers Limited (NYSE:SIG) CEO Virginia Drosos sold 3,475 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total value of $353,303.25. Following the completion of the transaction, the chief executive officer now directly owns 775,345 shares in the company, valued at approximately $78,829,326.15. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Signet Jewelers Stock Up 2.5 %

NYSE SIG opened at $100.97 on Friday. The firm has a market cap of $4.45 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.13 and a beta of 2.10. Signet Jewelers Limited has a 52 week low of $65.12 and a 52 week high of $112.06. The company has a 50 day moving average price of $83.35 and a 200 day moving average price of $92.02.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.11. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the business posted $1.55 earnings per share. The firm’s revenue was down 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Signet Jewelers Limited will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.15%. Signet Jewelers’s payout ratio is 9.43%.

Wall Street Analysts Forecast Growth

SIG has been the topic of several recent analyst reports. Telsey Advisory Group reduced their price target on shares of Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating on the stock in a research note on Monday, September 9th. UBS Group lowered their target price on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. StockNews.com raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Citigroup reaffirmed a “buy” rating and issued a $119.00 price target on shares of Signet Jewelers in a research report on Friday, June 14th. Finally, Wells Fargo & Company cut their price objective on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Signet Jewelers presently has a consensus rating of “Moderate Buy” and an average target price of $108.60.

Institutional Investors Weigh In On Signet Jewelers

Several institutional investors and hedge funds have recently made changes to their positions in SIG. Select Equity Group L.P. lifted its position in Signet Jewelers by 2.9% during the 2nd quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock worth $622,562,000 after acquiring an additional 193,977 shares during the period. Dimensional Fund Advisors LP boosted its position in Signet Jewelers by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock valued at $213,809,000 after buying an additional 149,934 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Signet Jewelers by 6.5% in the 2nd quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company’s stock worth $185,347,000 after buying an additional 126,726 shares during the period. Eminence Capital LP lifted its stake in Signet Jewelers by 71.3% during the 2nd quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock valued at $75,644,000 after acquiring an additional 351,588 shares during the period. Finally, Anomaly Capital Management LP boosted its holdings in shares of Signet Jewelers by 12.4% in the 2nd quarter. Anomaly Capital Management LP now owns 691,451 shares of the company’s stock valued at $61,940,000 after acquiring an additional 76,534 shares during the last quarter.

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.