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

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

Shares of Signet Jewelers Ltd. (SIG) opened at $55.99 on Friday. Signet Jewelers Ltd. has a fifty-two week low of $46.09 and a fifty-two week high of $84.25. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 0.76. The company has a market capitalization of $3,390.00, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Thursday, February 1st. Signet Jewelers’s dividend payout ratio (DPR) is currently 21.53%.

A number of equities analysts have recently issued reports on SIG shares. Royal Bank of Canada lowered shares of Signet Jewelers from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $60.00 to $55.00 in a research report on Friday, January 12th. Wells Fargo & Co lowered shares of Signet Jewelers from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $75.00 to $60.00 in a research report on Tuesday, November 21st. ValuEngine upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Bank of America set a $66.00 target price on shares of Signet Jewelers and gave the stock a “buy” rating in a research report on Saturday, November 25th. Finally, Zacks Investment Research downgraded Signet Jewelers from a “hold” rating to a “strong sell” rating in a report on Monday, November 27th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. Signet Jewelers currently has an average rating of “Hold” and an average target price of $64.67.

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in Signet Jewelers by 30.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,446,968 shares of the company’s stock valued at $96,298,000 after acquiring an additional 340,761 shares during the period. Janus Henderson Group PLC lifted its holdings in Signet Jewelers by 84.3% in the second quarter. Janus Henderson Group PLC now owns 17,449 shares of the company’s stock valued at $1,103,000 after acquiring an additional 7,983 shares during the period. ETRADE Capital Management LLC acquired a new stake in Signet Jewelers in the third quarter valued at $826,000. DekaBank Deutsche Girozentrale lifted its holdings in Signet Jewelers by 375.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 77,125 shares of the company’s stock valued at $4,259,000 after acquiring an additional 60,897 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Signet Jewelers by 1.5% in the second quarter. Vanguard Group Inc. now owns 6,650,379 shares of the company’s stock valued at $420,569,000 after acquiring an additional 97,075 shares during the period.

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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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