Oded Edelman Sells 1,398 Shares of Signet Jewelers Limited (NYSE:SIG) Stock

Signet Jewelers Limited (NYSE:SIG) insider Oded Edelman sold 1,398 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $94.53, for a total transaction of $132,152.94. Following the transaction, the insider now directly owns 32,666 shares of the company’s stock, valued at approximately $3,087,916.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Oded Edelman also recently made the following trade(s):

• On Wednesday, August 14th, Oded Edelman sold 9,000 shares of Signet Jewelers stock. The shares were sold at an average price of $74.55, for a total transaction of $670,950.00.

Signet Jewelers Trading Up 2.9 %

SIG stock opened at $98.07 on Friday. Signet Jewelers Limited has a 12-month low of $65.12 and a 12-month high of $112.06. The stock’s 50 day simple moving average is $84.71 and its 200 day simple moving average is $92.00. The firm has a market cap of $4.37 billion, a P/E ratio of 7.97, a P/E/G ratio of 1.14 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.14 by $0.11. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 EPS. On average, research analysts forecast that Signet Jewelers Limited will post 10.8 EPS 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. Stockholders of record on Friday, October 25th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s payout ratio is 9.43%.

Analyst Ratings Changes

SIG has been the subject of a number of research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a report on Wednesday. Wells Fargo & Company decreased their price objective on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, August 27th. Bank of America cut their target price on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. UBS Group decreased their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.60.

Institutional Trading of Signet Jewelers

Several hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. bought a new position in Signet Jewelers during the 2nd quarter worth $51,000. Hexagon Capital Partners LLC boosted its holdings in shares of Signet Jewelers by 33.4% during the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock valued at $63,000 after acquiring an additional 175 shares during the period. Blue Trust Inc. grew its position in shares of Signet Jewelers by 15.3% during the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after acquiring an additional 122 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of Signet Jewelers in the 2nd quarter worth about $180,000. Finally, Lazard Asset Management LLC lifted its position in Signet Jewelers by 6.8% in the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after purchasing an additional 116 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.