Signet Jewelers Limited (NYSE:SIG) Insider Mary Elizabeth Finn Sells 4,237 Shares

Signet Jewelers Limited (NYSE:SIG) insider Mary Elizabeth Finn sold 4,237 shares of Signet Jewelers stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $100.10, for a total value of $424,123.70. Following the completion of the transaction, the insider now owns 38,821 shares of the company’s stock, valued at approximately $3,885,982.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mary Elizabeth Finn also recently made the following trade(s):

• On Monday, September 16th, Mary Elizabeth Finn sold 3,763 shares of Signet Jewelers stock. The stock was sold at an average price of $92.32, for a total value of $347,400.16.
• On Friday, August 23rd, Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock. The stock was sold at an average price of $80.00, for a total transaction of $640,000.00.

Signet Jewelers Stock Performance

NYSE:SIG traded down $0.85 during trading hours on Thursday, reaching $100.79. The company’s stock had a trading volume of 502,045 shares, compared to its average volume of 818,751. The company has a market capitalization of $4.50 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 1.12 and a beta of 2.10. Signet Jewelers Limited has a 12 month low of $67.18 and a 12 month high of $112.06. The stock has a 50 day moving average price of $87.71 and a two-hundred day moving average price of $92.10.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Signet Jewelers’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, analysts predict that Signet Jewelers Limited will post 10.8 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 22nd. Shareholders of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s dividend payout ratio is currently 9.43%.

Analyst Ratings Changes

Several analysts have issued reports on SIG shares. 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 decreased their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. StockNews.com raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th. 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 note on Wednesday, September 11th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.60.

Hedge Funds Weigh In On Signet Jewelers

Several institutional investors and hedge funds have recently bought and sold shares of SIG. Khrom Capital Management LLC purchased a new position in Signet Jewelers in the second quarter worth $58,357,000. Eminence Capital LP grew its holdings in Signet Jewelers by 71.3% in the second quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock worth $75,644,000 after purchasing an additional 351,588 shares during the last quarter. Select Equity Group L.P. grew its holdings in Signet Jewelers by 2.9% in the second quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock worth $622,562,000 after purchasing an additional 193,977 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Signet Jewelers by 38.2% during the first quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock valued at $65,646,000 after buying an additional 181,207 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Signet Jewelers by 6.7% during 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.

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.