Signet Jewelers Limited (NYSE:SIG) Insider Mary Elizabeth Finn Sells 3,763 Shares

Signet Jewelers Limited (NYSE:SIG) insider Mary Elizabeth Finn sold 3,763 shares of Signet Jewelers stock in a transaction on Monday, September 16th. The stock was sold at an average price of $92.32, for a total value of $347,400.16. Following the sale, the insider now owns 43,058 shares of the company’s stock, valued at $3,975,114.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value of $640,000.00.
• On Thursday, July 18th, Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock. The stock was sold at an average price of $86.94, for a total value of $695,520.00.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock opened at $93.18 on Thursday. The company has a market capitalization of $4.16 billion, a PE ratio of 7.58, a P/E/G ratio of 0.95 and a beta of 2.10. The company has a 50-day simple moving average of $81.68 and a two-hundred day simple moving average of $91.95. Signet Jewelers Limited has a one year low of $65.12 and a one year high of $112.06.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. The company’s revenue was down 7.6% on a year-over-year basis. On average, equities analysts predict that Signet Jewelers Limited will post 10.47 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.24%. Signet Jewelers’s payout ratio is 9.43%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Citigroup restated a “buy” rating and issued a $119.00 price objective on shares of Signet Jewelers in a report on Friday, June 14th. Wells Fargo & Company decreased their price objective on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, August 27th. Telsey Advisory Group decreased their price objective on Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating for the company in a report on Monday, September 9th. UBS Group decreased their price objective on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Finally, StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

Institutional Investors Weigh In On Signet Jewelers

A number of large investors have recently modified their holdings of SIG. Lazard Asset Management LLC boosted its position in Signet Jewelers by 6.8% in the first quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock valued at $183,000 after buying an additional 116 shares during the last quarter. Blue Trust Inc. boosted its position in Signet Jewelers by 15.3% in the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after buying an additional 122 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in Signet Jewelers by 1.4% in the second quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock valued at $932,000 after buying an additional 144 shares during the last quarter. Commerce Bank boosted its position 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 buying an additional 148 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position 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 buying an additional 156 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.