Signet Jewelers Limited (NYSE:SIG) CEO Virginia Drosos Sells 600 Shares

Signet Jewelers Limited (NYSE:SIG) CEO Virginia Drosos sold 600 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $101.25, for a total transaction of $60,750.00. Following the completion of the sale, the chief executive officer now directly owns 728,220 shares in the company, valued at $73,732,275. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Virginia Drosos also recently made the following trade(s):

• On Thursday, September 26th, Virginia Drosos sold 3,475 shares of Signet Jewelers stock. The shares were sold at an average price of $101.67, for a total transaction of $353,303.25.

Signet Jewelers Stock Down 0.8 %

SIG traded down $0.85 during trading on Thursday, reaching $100.79. 502,045 shares of the company’s stock were exchanged, compared to its average volume of 818,751. Signet Jewelers Limited has a fifty-two week low of $67.18 and a fifty-two week high of $112.06. The business has a 50 day moving average price of $87.71 and a 200 day moving average price of $92.10. The company has a market capitalization of $4.50 billion, a P/E ratio of 8.19, a PEG ratio of 1.12 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last issued its 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 company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 EPS. As a group, research analysts forecast that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SIG shares. StockNews.com raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a report on Thursday, October 10th. Telsey Advisory Group reissued a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a research note on Wednesday, October 2nd. 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 report on Wednesday, September 11th. Bank of America dropped their price target on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Finally, Wells Fargo & Company dropped their target price on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Institutional Trading of Signet Jewelers

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning raised its holdings in Signet Jewelers by 26.0% during the 3rd quarter. Creative Planning now owns 9,827 shares of the company’s stock worth $1,014,000 after purchasing an additional 2,029 shares during the last quarter. CX Institutional bought a new stake in shares of Signet Jewelers in the 3rd quarter valued at about $3,264,000. Ritholtz Wealth Management increased its stake in shares of Signet Jewelers by 4.9% in the 3rd quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock valued at $254,000 after acquiring an additional 115 shares during the last quarter. CWM LLC increased its stake in shares of Signet Jewelers by 177.3% in the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after acquiring an additional 734 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of Signet Jewelers by 36.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 12,400 shares of the company’s stock valued at $1,279,000 after acquiring an additional 3,300 shares during the last quarter.

About Signet Jewelers

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.