Signet Jewelers Limited (NYSE:SIG) Director Sells $512,050.00 in Stock

Signet Jewelers Limited (NYSE:SIG - Get Free Report) Director H. Todd Stitzer sold 5,000 shares of Signet Jewelers stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $102.41, for a total value of $512,050.00. Following the transaction, the director now owns 56,678 shares in the company, valued at approximately $5,804,393.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Signet Jewelers Stock Down 0.6 %

NYSE SIG traded down $0.61 during trading on Monday, hitting $95.16. The stock had a trading volume of 538,429 shares, compared to its average volume of 728,982. The company has a market capitalization of $4.22 billion, a PE ratio of 6.35, a PEG ratio of 1.13 and a beta of 2.13. The firm has a 50 day moving average price of $100.40 and a 200 day moving average price of $91.79. Signet Jewelers Limited has a twelve month low of $57.10 and a twelve month high of $109.17.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share for the quarter, beating the consensus estimate of $6.33 by $0.40. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.55 billion. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. Signet Jewelers's revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $5.52 EPS. On average, sell-side analysts anticipate that Signet Jewelers Limited will post 10.6 earnings per share for the current year.

Signet Jewelers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 26th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, April 25th. This is an increase from Signet Jewelers's previous quarterly dividend of $0.23. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.22%. Signet Jewelers's payout ratio is currently 6.14%.

Wall Street Analysts Forecast Growth

SIG has been the topic of several analyst reports. StockNews.com lowered Signet Jewelers from a "buy" rating to a "hold" rating in a report on Tuesday, March 26th. Bank of America reduced their price target on Signet Jewelers from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Thursday, March 21st. Telsey Advisory Group lifted their price target on Signet Jewelers from $100.00 to $110.00 and gave the stock a "market perform" rating in a report on Thursday, April 4th. UBS Group boosted their price objective on shares of Signet Jewelers from $128.00 to $152.00 and gave the company a "buy" rating in a report on Thursday, April 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Signet Jewelers from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Friday, December 22nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $120.20.

Hedge Funds Weigh In On Signet Jewelers

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SummerHaven Investment Management LLC boosted its holdings in Signet Jewelers by 1.1% in the fourth quarter. SummerHaven Investment Management LLC now owns 10,163 shares of the company's stock valued at $1,090,000 after purchasing an additional 106 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in Signet Jewelers by 37.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 470 shares of the company's stock valued at $50,000 after purchasing an additional 127 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in Signet Jewelers by 2.2% in the fourth quarter. Rafferty Asset Management LLC now owns 6,174 shares of the company's stock valued at $662,000 after purchasing an additional 130 shares in the last quarter. Commerce Bank boosted its holdings in Signet Jewelers by 5.3% in the fourth quarter. Commerce Bank now owns 2,941 shares of the company's stock valued at $315,000 after purchasing an additional 148 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Signet Jewelers by 5.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company's stock valued at $303,000 after purchasing an additional 156 shares in 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.