Signet Jewelers Limited (NYSE:SIG) CEO Acquires $861,750.00 in Stock

Signet Jewelers Limited (NYSE:SIG - Get Free Report) CEO James Kevin Symancyk bought 15,000 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average price of $57.45 per share, with a total value of $861,750.00. Following the completion of the purchase, the chief executive officer now owns 50,710 shares in the company, valued at approximately $2,913,289.50. This trade represents a 42.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Signet Jewelers Price Performance

SIG stock traded down $6.04 during midday trading on Thursday, reaching $54.49. The stock had a trading volume of 827,688 shares, compared to its average volume of 1,108,750. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 6.27, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20. Signet Jewelers Limited has a 52-week low of $45.55 and a 52-week high of $112.06. The company's fifty day simple moving average is $54.55 and its 200 day simple moving average is $77.16. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, topping the consensus estimate of $6.39 by $0.23. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The business had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.33 billion. During the same period in the previous year, the firm posted $6.73 EPS. The business's revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

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Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be given a dividend of $0.32 per share. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.28 annualized dividend and a dividend yield of 2.35%. Signet Jewelers's payout ratio is presently -168.42%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $55.00 price target on shares of Signet Jewelers in a report on Wednesday, March 19th. UBS Group upped their target price on Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Wells Fargo & Company dropped their price target on shares of Signet Jewelers from $95.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Finally, Bank of America dropped their target price on shares of 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $81.60.

Institutional Investors Weigh In On Signet Jewelers

Several hedge funds and other institutional investors have recently bought and sold shares of SIG. Janney Montgomery Scott LLC grew its stake in shares of Signet Jewelers by 3.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,517 shares of the company's stock valued at $526,000 after buying an additional 205 shares during the period. Franklin Resources Inc. raised its position in Signet Jewelers by 0.9% in the third quarter. Franklin Resources Inc. now owns 34,122 shares of the company's stock valued at $3,330,000 after purchasing an additional 288 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Signet Jewelers by 3.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,498 shares of the company's stock valued at $1,083,000 after purchasing an additional 330 shares during the last quarter. Xponance Inc. grew its holdings in shares of Signet Jewelers by 12.2% during the 4th quarter. Xponance Inc. now owns 3,149 shares of the company's stock worth $254,000 after purchasing an additional 343 shares during the period. Finally, Atria Investments Inc increased its position in shares of Signet Jewelers by 14.5% during the 4th quarter. Atria Investments Inc now owns 2,815 shares of the company's stock worth $227,000 after purchasing an additional 356 shares during the last quarter.

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.