Signet Jewelers Ltd. (SIG) Insider Buys $4,999,913.38 in Stock

Signet Jewelers Ltd. (NYSE:SIG) insider Oded Edelman acquired 90,398 shares of the business’s stock in a transaction on Friday, January 12th. The shares were purchased at an average price of $55.31 per share, for a total transaction of $4,999,913.38. Following the purchase, the insider now directly owns 33,962 shares of the company’s stock, valued at $1,878,438.22. The transaction was disclosed in a filing with the SEC, which is available through this link.

Signet Jewelers Ltd. (NYSE:SIG) traded down $0.15 on Tuesday, reaching $56.79. The company had a trading volume of 2,106,632 shares, compared to its average volume of 3,513,733. Signet Jewelers Ltd. has a 12-month low of $46.09 and a 12-month high of $84.25. The company has a current ratio of 2.63, a quick ratio of 0.76 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3,430.00, a PE ratio of 9.86, a P/E/G ratio of 1.10 and a beta of 0.94.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Tuesday, November 21st. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Signet Jewelers had a return on equity of 20.76% and a net margin of 7.32%. equities analysts predict that Signet Jewelers Ltd. will post 6.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 2nd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.18%. The ex-dividend date is Thursday, February 1st. Signet Jewelers’s dividend payout ratio is currently 21.53%.

A number of institutional investors and hedge funds have recently bought and sold shares of SIG. Commonwealth Bank of Australia increased its position in Signet Jewelers by 5.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock valued at $101,000 after acquiring an additional 85 shares during the period. Capstone Investment Advisors Netherlands B.V. acquired a new stake in Signet Jewelers in the 2nd quarter valued at approximately $121,000. Tower Research Capital LLC TRC increased its position in Signet Jewelers by 19.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock valued at $128,000 after acquiring an additional 335 shares during the period. Monroe Bank & Trust MI acquired a new stake in Signet Jewelers in the 3rd quarter valued at approximately $179,000. Finally, GSA Capital Partners LLP acquired a new stake in Signet Jewelers in the 3rd quarter valued at approximately $202,000.

A number of brokerages have recently weighed in on SIG. Royal Bank of Canada cut Signet Jewelers from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $60.00 to $55.00 in a research report on Friday. Wells Fargo & Co set a $52.00 price target on Signet Jewelers and gave the stock a “hold” rating in a research report on Thursday, January 11th. Needham & Company LLC set a $60.00 price target on Signet Jewelers and gave the stock a “buy” rating in a research report on Thursday, January 11th. ValuEngine cut Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Vetr cut Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $57.72 price target on the stock. in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $64.67.

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About Signet Jewelers

Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.

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