Signet Jewelers (NYSE:SIG) Trading Down 3.5% – Should You Sell?

Signet Jewelers Limited (NYSE:SIG)’s share price fell 3.5% during trading on Monday . The company traded as low as $88.37 and last traded at $88.63. 88,816 shares were traded during mid-day trading, a decline of 89% from the average session volume of 836,190 shares. The stock had previously closed at $91.80.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SIG shares. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company increased their price target on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group dropped their target price on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Telsey Advisory Group reissued a “market perform” rating and issued a $87.00 price target on shares of Signet Jewelers in a report on Thursday. Finally, Bank of America decreased their price target on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Signet Jewelers has an average rating of “Moderate Buy” and an average price target of $109.60.

Signet Jewelers Stock Performance

The company’s fifty day simple moving average is $96.90 and its 200 day simple moving average is $91.43. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $3.83 billion, a P/E ratio of 10.56, a P/E/G ratio of 1.13 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last issued its earnings results 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 business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the business earned $0.24 EPS. Signet Jewelers’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Signet Jewelers Limited will post 9.9 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, January 24th. Signet Jewelers’s payout ratio is currently 13.35%.

Insider Buying and Selling

In other news, insider Rebecca Wooters sold 22,151 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $99.00, for a total value of $2,192,949.00. Following the transaction, the insider now owns 68,343 shares in the company, valued at approximately $6,765,957. This represents a 24.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mary Elizabeth Finn sold 3,763 shares of the company’s stock in a transaction on Monday, September 16th. The shares were 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 approximately $3,975,114.56. This trade represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,957 shares of company stock valued at $4,599,306 over the last quarter. Corporate insiders own 3.26% of the company’s stock.

Institutional Trading of Signet Jewelers

Large investors have recently added to or reduced their stakes in the business. Ritholtz Wealth Management raised its stake in shares of Signet Jewelers by 4.9% in the third quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock worth $254,000 after buying an additional 115 shares during the period. Blue Trust Inc. lifted its stake in shares of Signet Jewelers by 15.3% during the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after buying an additional 122 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in Signet Jewelers by 1.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock worth $932,000 after buying an additional 144 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in Signet Jewelers in the 3rd quarter worth $25,000. Finally, Cetera Investment Advisers raised its holdings in Signet Jewelers by 2.2% during the second quarter. Cetera Investment Advisers now owns 11,793 shares of the company’s stock valued at $1,056,000 after acquiring an additional 257 shares during the period.

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.