Signet Jewelers (NYSE:SIG) Reaches New 12-Month Low After Insider Selling

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

Specifically, Director Eugenia Ulasewicz sold 3,333 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $54.13, for a total value of $180,415.29. Following the sale, the director now owns 22,752 shares in the company, valued at approximately $1,231,565.76. This trade represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

SIG has been the subject of a number of research reports. Wells Fargo & Company reduced their price target on shares of Signet Jewelers from $110.00 to $95.00 and set an "overweight" rating for the company in a report on Wednesday, January 15th. StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Telsey Advisory Group decreased their target price 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. Finally, Bank of America cut their price target 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $95.20.

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Signet Jewelers Stock Performance

The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 5.73, a price-to-earnings-growth ratio of 3.43 and a beta of 2.11. The firm's 50-day moving average price is $63.75 and its two-hundred day moving average price is $81.56. 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 - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.24 earnings per share 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The firm's revenue for the quarter was down 3.1% compared to the same quarter last year. Sell-side analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 24th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, January 24th. This represents a $1.16 annualized dividend and a yield of 2.33%. Signet Jewelers's dividend payout ratio is currently 13.35%.

Institutional Investors Weigh In On Signet Jewelers

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cooper Creek Partners Management LLC lifted its holdings in Signet Jewelers by 1,046.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company's stock valued at $152,495,000 after purchasing an additional 1,724,592 shares during the last quarter. Anomaly Capital Management LP increased its holdings in shares of Signet Jewelers by 862.5% during the fourth quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company's stock worth $142,253,000 after buying an additional 1,579,410 shares in the last quarter. Norges Bank bought a new position in shares of Signet Jewelers in the fourth quarter valued at approximately $40,989,000. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Signet Jewelers by 2,648.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 304,021 shares of the company's stock worth $24,538,000 after acquiring an additional 292,961 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Signet Jewelers by 37.4% during the 4th quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company's stock worth $85,155,000 after acquiring an additional 286,974 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.