Signet Jewelers Limited (NYSE:SIG) Director Helen Mccluskey Buys 1,700 Shares

Signet Jewelers Limited (NYSE:SIG - Get Free Report) Director Helen Mccluskey bought 1,700 shares of the firm's stock in a transaction on Friday, April 25th. The stock was acquired at an average price of $58.86 per share, for a total transaction of $100,062.00. Following the completion of the purchase, the director now directly owns 31,916 shares in the company, valued at approximately $1,878,575.76. The trade was a 5.63 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Signet Jewelers Trading Up 2.4 %

Shares of NYSE:SIG traded up $1.46 during trading on Friday, reaching $61.29. 685,495 shares of the company traded hands, compared to its average volume of 1,157,644. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. Signet Jewelers Limited has a 52-week low of $45.55 and a 52-week high of $112.06. The business's fifty day moving average is $54.96 and its 200-day moving average is $70.51. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 7.05, a P/E/G ratio of 3.43 and a beta of 1.63.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, beating the consensus estimate of $6.39 by $0.23. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company's quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.73 earnings per share. As a group, analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be paid a dividend of $0.32 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 2.09%. Signet Jewelers's payout ratio is presently -168.42%.

Hedge Funds Weigh In On Signet Jewelers

A number of institutional investors have recently bought and sold shares of SIG. Dimensional Fund Advisors LP grew its holdings in shares of Signet Jewelers by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,550,233 shares of the company's stock worth $205,830,000 after acquiring an additional 139,109 shares during the period. Cooper Creek Partners Management LLC lifted its position in Signet Jewelers by 1,046.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company's stock valued at $152,495,000 after buying an additional 1,724,592 shares during the period. Anomaly Capital Management LP boosted its holdings in shares of Signet Jewelers by 862.5% during the 4th quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company's stock valued at $142,253,000 after buying an additional 1,579,410 shares in the last quarter. American Century Companies Inc. grew its position in shares of Signet Jewelers by 18.9% in the 4th quarter. American Century Companies Inc. now owns 1,150,441 shares of the company's stock worth $92,852,000 after buying an additional 182,948 shares during the period. Finally, Khrom Capital Management LLC increased its stake in shares of Signet Jewelers by 24.2% in the 4th quarter. Khrom Capital Management LLC now owns 1,149,682 shares of the company's stock worth $92,791,000 after acquiring an additional 224,339 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SIG shares. Telsey Advisory Group restated a "market perform" rating and set a $55.00 price objective on shares of Signet Jewelers in a research report on Wednesday, March 19th. Wells Fargo & Company dropped their price target on Signet Jewelers from $70.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday. UBS Group increased their price objective on Signet Jewelers from $85.00 to $89.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Bank of America dropped their target price on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Finally, Cfra Research upgraded shares of Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Signet Jewelers currently has a consensus rating of "Hold" and a consensus price target of $77.60.

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.