Signet Jewelers Ltd. (NYSE:SIG) was the recipient of some unusual options trading activity on Tuesday. Stock investors bought 3,702 put options on the company. This is an increase of 794% compared to the typical daily volume of 414 put options.
In other Signet Jewelers news, insider Oded Edelman acquired 90,398 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were purchased at an average cost of $55.31 per share, with a total value of $4,999,913.38. Following the purchase, the insider now owns 33,962 shares in the company, valued at $1,878,438.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. DF Dent & Co. Inc. lifted its holdings in shares of Signet Jewelers by 40.7% during the 4th quarter. DF Dent & Co. Inc. now owns 14,475 shares of the company’s stock worth $819,000 after acquiring an additional 4,189 shares during the period. MetLife Investment Advisors LLC purchased a new position in shares of Signet Jewelers during the 4th quarter worth about $1,058,000. Tweedy Browne Co. LLC purchased a new position in shares of Signet Jewelers during the 4th quarter worth about $8,839,000. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Signet Jewelers by 1,200.5% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 134,993 shares of the company’s stock worth $7,632,000 after acquiring an additional 124,613 shares during the period. Finally, Elkfork Partners LLC purchased a new position in shares of Signet Jewelers during the 4th quarter worth about $2,914,000.
Signet Jewelers (NYSE SIG) opened at $47.91 on Wednesday. The firm has a market cap of $2,903.56, a PE ratio of 7.34, a PEG ratio of 1.00 and a beta of 0.73. Signet Jewelers has a 1-year low of $46.09 and a 1-year high of $77.94. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $1.24 annualized dividend and a dividend yield of 2.59%. Signet Jewelers’s payout ratio is currently 20.39%.
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Signet Jewelers Company Profile
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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