Signet Jewelers Limited (NYSE:SIG) Insider William Brace Sells 3,000 Shares

Signet Jewelers Limited (NYSE:SIG) insider William Brace sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $99.00, for a total transaction of $297,000.00. Following the sale, the insider now directly owns 75,664 shares in the company, valued at $7,490,736. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

William Brace also recently made the following trade(s):

• On Tuesday, January 2nd, William Brace sold 3,000 shares of Signet Jewelers stock. The stock was sold at an average price of $104.82, for a total transaction of $314,460.00.

Signet Jewelers Stock Up 1.3 %

Shares of NYSE:SIG opened at $99.42 on Thursday. The company has a 50 day moving average of $100.25 and a two-hundred day moving average of $89.27. Signet Jewelers Limited has a 52-week low of $57.10 and a 52-week high of $108.79. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 6.63, a price-to-earnings-growth ratio of 1.27 and a beta of 2.13.

Signet Jewelers (NYSE:SIG) last released its quarterly 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. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.55 billion. Signet Jewelers had a net margin of 11.30% and a return on equity of 32.26%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.52 EPS. On average, equities analysts anticipate that Signet Jewelers Limited will post 9.65 earnings per share for the current year.

Signet Jewelers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, April 25th. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s dividend payout ratio (DPR) is 6.14%.

Hedge Funds Weigh In On Signet Jewelers

A number of institutional investors have recently made changes to their positions in the business. Belpointe Asset Management LLC raised its holdings in Signet Jewelers by 67.9% in the first quarter. Belpointe Asset Management LLC now owns 403 shares of the company’s stock valued at $31,000 after acquiring an additional 163 shares in the last quarter. Quarry LP lifted its position in shares of Signet Jewelers by 274.1% during the first quarter. Quarry LP now owns 404 shares of the company’s stock worth $31,000 after purchasing an additional 296 shares during the last quarter. Ronald Blue Trust Inc. grew its stake in Signet Jewelers by 187.2% in the third quarter. Ronald Blue Trust Inc. now owns 494 shares of the company’s stock worth $35,000 after purchasing an additional 322 shares in the last quarter. Hexagon Capital Partners LLC increased 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 buying an additional 127 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in Signet Jewelers during the first quarter valued at approximately $51,000.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SIG. Bank of America dropped their target price on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Citigroup upgraded Signet Jewelers from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $93.00 to $119.00 in a report on Wednesday, December 6th. Telsey Advisory Group lowered their price target on Signet Jewelers from $105.00 to $100.00 and set a “market perform” rating for the company in a research report on Thursday, March 21st. UBS Group cut their price objective on Signet Jewelers from $138.00 to $134.00 and set a “buy” rating on the stock in a report on Tuesday, March 19th. Finally, StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Signet Jewelers presently has an average rating of “Hold” and a consensus price target of $114.60.

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 Jewelers, Zales Outlet, 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.