Insider Selling: Signet Jewelers Limited (NYSE:SIG) Director Sells $180,415.29 in Stock

Signet Jewelers Limited (NYSE:SIG) Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $54.13, for a total value of $180,415.29. Following the transaction, the director now owns 22,752 shares of the company’s stock, valued at $1,231,565.76. This represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Signet Jewelers Stock Down 2.8 %

SIG opened at $52.60 on Monday. Signet Jewelers Limited has a one year low of $52.09 and a one year high of $112.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. The stock’s fifty day moving average is $66.15 and its 200-day moving average is $82.31. The company has a market capitalization of $2.29 billion, a PE ratio of 6.05, a P/E/G ratio of 3.43 and a beta of 2.11.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm posted $0.24 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 24th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Friday, January 24th. Signet Jewelers’s dividend payout ratio is presently 13.35%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SIG shares. Bank of America cut their target price on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company cut their target price on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Telsey Advisory Group cut their target price on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 15th. Finally, StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus price target of $95.20.

Institutional Investors Weigh In On Signet Jewelers

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. acquired a new stake in shares of Signet Jewelers during the third quarter worth $25,000. Smartleaf Asset Management LLC raised its position in shares of Signet Jewelers by 149.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock worth $57,000 after purchasing an additional 421 shares during the period. Erste Asset Management GmbH acquired a new stake in shares of Signet Jewelers during the third quarter worth $77,000. Sterling Capital Management LLC raised its position in shares of Signet Jewelers by 832.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,362 shares of the company’s stock worth $110,000 after purchasing an additional 1,216 shares during the period. Finally, CWM LLC raised its position in shares of Signet Jewelers by 177.3% during the third quarter. CWM LLC now owns 1,148 shares of the company’s stock worth $118,000 after purchasing an additional 734 shares during the period.

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.