Signet Jewelers (NYSE:SIG) Sets New 52-Week Low on Insider Selling

Signet Jewelers Limited (NYSE:SIG) shares 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 business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of the sale, the director now owns 22,752 shares in the company, valued at approximately $1,231,565.76. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SIG shares. Bank of America dropped their target price on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Wells Fargo & Company dropped their target price on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Finally, Telsey Advisory Group dropped their target price on Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.20.

Signet Jewelers Price Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The company has a 50-day moving average price of $65.48 and a 200-day moving average price of $82.14. The firm has a market capitalization of $2.22 billion, a PE ratio of 5.87, a P/E/G ratio of 3.43 and a beta of 2.11.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. Sell-side analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, January 24th were given 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 2.27%. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.35%.

Hedge Funds Weigh In On Signet Jewelers

Several large investors have recently added to or reduced their stakes in SIG. Creative Planning lifted its position in Signet Jewelers by 26.0% during the third quarter. Creative Planning now owns 9,827 shares of the company’s stock worth $1,014,000 after buying an additional 2,029 shares during the period. Mount Yale Investment Advisors LLC purchased a new position in Signet Jewelers during the third quarter worth about $288,000. GW Henssler & Associates Ltd. purchased a new position in Signet Jewelers during the third quarter worth about $227,000. Trajan Wealth LLC purchased a new position in Signet Jewelers during the third quarter worth about $258,000. Finally, Murphy Pohlad Asset Management LLC lifted its position in Signet Jewelers by 1.5% during the third quarter. Murphy Pohlad Asset Management LLC now owns 28,325 shares of the company’s stock worth $2,921,000 after buying an additional 425 shares during the period.

About Signet Jewelers

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.