Signet Jewelers Limited (NYSE:SIG) Director Sells $180,415.29 in Stock

Signet Jewelers Limited (NYSE:SIG) Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the transaction, the director now owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. This trade represents a 12.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Signet Jewelers Stock Performance

NYSE:SIG traded down $1.49 during mid-day trading on Friday, hitting $52.60. The stock had a trading volume of 1,173,658 shares, compared to its average volume of 1,745,269. Signet Jewelers Limited has a twelve month low of $52.09 and a twelve month high of $112.06. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 6.05, a PEG ratio of 3.53 and a beta of 2.11. The company’s 50 day simple moving average is $66.78 and its 200 day simple moving average is $82.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business posted $0.24 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities research analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.16 annualized dividend and a yield of 2.21%. Signet Jewelers’s dividend payout ratio (DPR) is currently 13.35%.

Analyst Ratings Changes

A number of research firms have issued reports on SIG. Wells Fargo & Company lowered their target price on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Telsey Advisory Group lowered their target price on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, January 15th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, Bank of America lowered their target price on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $95.20.

Institutional Investors Weigh In On Signet Jewelers

Several hedge funds have recently bought and sold shares of the company. CWM LLC raised its holdings in Signet Jewelers by 177.3% in the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after acquiring an additional 734 shares during the period. Creative Planning raised its holdings in Signet Jewelers by 26.0% in the 3rd quarter. Creative Planning now owns 9,827 shares of the company’s stock valued at $1,014,000 after acquiring an additional 2,029 shares during the period. Mount Yale Investment Advisors LLC bought a new position in Signet Jewelers in the 3rd quarter valued at about $288,000. GW Henssler & Associates Ltd. bought a new position in Signet Jewelers in the 3rd quarter valued at about $227,000. Finally, Trajan Wealth LLC bought a new position in Signet Jewelers in the 3rd quarter valued at about $258,000.

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.