Signet Jewelers Limited (NYSE:SIG) CEO James Kevin Symancyk Buys 15,000 Shares

Signet Jewelers Limited (NYSE:SIG) CEO James Kevin Symancyk purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average cost of $57.45 per share, with a total value of $861,750.00. Following the transaction, the chief executive officer now directly owns 50,710 shares of the company’s stock, valued at approximately $2,913,289.50. This represents a 42.01 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Signet Jewelers Stock Performance

Shares of NYSE:SIG opened at $58.05 on Tuesday. The business has a fifty day moving average of $54.48 and a 200-day moving average of $77.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $112.06. The firm has a market cap of $2.49 billion, a PE ratio of 6.68, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, beating the consensus estimate of $6.39 by $0.23. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter last year, the company posted $6.73 EPS. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. On average, equities research analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be issued a dividend of $0.32 per share. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.28 annualized dividend and a yield of 2.20%. Signet Jewelers’s dividend payout ratio is currently -168.42%.

Institutional Investors Weigh In On Signet Jewelers

Hedge funds and other institutional investors have recently made changes to their positions in the company. PKO Investment Management Joint Stock Co bought a new position in Signet Jewelers in the fourth quarter valued at about $565,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Signet Jewelers during the 4th quarter valued at about $297,000. Mackenzie Financial Corp boosted its stake in shares of Signet Jewelers by 4.9% in the 4th quarter. Mackenzie Financial Corp now owns 15,227 shares of the company’s stock valued at $1,229,000 after purchasing an additional 706 shares during the last quarter. MidWestOne Financial Group Inc. raised its stake in shares of Signet Jewelers by 22.3% during the fourth quarter. MidWestOne Financial Group Inc. now owns 24,372 shares of the company’s stock worth $1,967,000 after buying an additional 4,436 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Signet Jewelers by 14.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 111,609 shares of the company’s stock worth $9,008,000 after buying an additional 13,769 shares during the last quarter.

Analyst Ratings Changes

SIG has been the topic of several analyst reports. Wells Fargo & Company lowered their price objective on Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Cfra Research upgraded Signet Jewelers to a “moderate buy” rating in a research note on Thursday, March 20th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. UBS Group upped their target price on shares of Signet Jewelers from $85.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $55.00 price target on shares of Signet Jewelers in a report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.60.

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.