Signet Jewelers Limited (NYSE:SIG) Director H. Todd Stitzer Sells 10,000 Shares

Signet Jewelers Limited (NYSE:SIG) Director H. Todd Stitzer sold 10,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $100.09, for a total transaction of $1,000,900.00. Following the transaction, the director now owns 41,678 shares of the company’s stock, valued at approximately $4,171,551.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

H. Todd Stitzer also recently made the following trade(s):

• On Tuesday, April 9th, H. Todd Stitzer sold 5,000 shares of Signet Jewelers stock. The shares were sold at an average price of $102.41, for a total transaction of $512,050.00.

Signet Jewelers Trading Up 1.0 %

Shares of SIG stock traded up $0.97 during trading hours on Tuesday, hitting $101.08. 623,819 shares of the company’s stock were exchanged, compared to its average volume of 721,845. Signet Jewelers Limited has a 12-month low of $57.10 and a 12-month high of $109.17. The company has a market capitalization of $4.48 billion, a PE ratio of 6.74, a PEG ratio of 1.13 and a beta of 2.13. The business’s 50 day simple moving average is $99.91 and its 200-day simple moving average is $92.95.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $0.40. Signet Jewelers had a net margin of 11.30% and a return on equity of 32.26%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the business earned $5.52 earnings per share. The business’s revenue was down 6.3% on a year-over-year basis. Equities analysts anticipate that Signet Jewelers Limited will post 10.6 EPS for the current year.

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 26th will be issued a $0.29 dividend. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, April 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.15%. Signet Jewelers’s dividend payout ratio (DPR) is currently 6.14%.

Wall Street Analyst Weigh In

SIG has been the topic of a number of recent analyst reports. Bank of America lowered their target price on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. UBS Group raised their target price on shares of Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Telsey Advisory Group raised their target price on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. Finally, StockNews.com raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. 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 acquiring an additional 127 shares in the last quarter. Ronald Blue Trust Inc. boosted its holdings in Signet Jewelers by 187.2% in the third quarter. Ronald Blue Trust Inc. now owns 494 shares of the company’s stock valued at $35,000 after acquiring an additional 322 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Signet Jewelers in the fourth quarter valued at $64,000. Quadrant Capital Group LLC boosted its holdings in Signet Jewelers by 55.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,532 shares of the company’s stock valued at $164,000 after acquiring an additional 544 shares in the last quarter. Finally, Greenleaf Trust bought a new stake in Signet Jewelers in the fourth quarter valued at $202,000.

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.