Signet Jewelers (NYSE:SIG) Sets New 12-Month Low Following Insider Selling

Signet Jewelers Limited (NYSE:SIG) shares reached a new 52-week low during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as $50.81 and last traded at $51.58, with a volume of 46815 shares. The stock had previously closed at $52.75.

Specifically, Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction of $180,415.29. Following the transaction, the director now owns 22,752 shares of the company’s stock, valued at $1,231,565.76. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Ratings Changes

A number of brokerages have weighed in on SIG. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Telsey Advisory Group reduced their price target on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company reduced their price target on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Finally, Bank of America reduced their price target on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.20.

Signet Jewelers Stock Down 2.6 %

The firm has a 50 day simple moving average of $66.15 and a two-hundred day simple moving average of $82.31. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $2.23 billion, a P/E ratio of 5.91, a PEG ratio of 3.43 and a beta of 2.11.

Signet Jewelers (NYSE:SIG) last announced its quarterly 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 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 the consensus estimate of $1.37 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis. On average, equities research analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 24th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, January 24th. Signet Jewelers’s payout ratio is 13.35%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SIG. Harbor Capital Advisors Inc. acquired a new stake in Signet Jewelers during the 3rd quarter worth about $25,000. Smartleaf Asset Management LLC grew its stake in shares of Signet Jewelers by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock valued at $57,000 after buying an additional 421 shares during the period. Erste Asset Management GmbH acquired a new stake in shares of Signet Jewelers in the 3rd quarter valued at about $77,000. Sterling Capital Management LLC grew its stake in shares of Signet Jewelers by 832.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,362 shares of the company’s stock valued at $110,000 after buying an additional 1,216 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Signet Jewelers by 32.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company’s stock valued at $123,000 after buying an additional 410 shares during the period.

About Signet Jewelers

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.