Insider Buying: Signet Jewelers (SIG) CEO Purchases $349,860.80 in Stock

Signet Jewelers (NYSE:SIG) CEO Virginia Drosos bought 8,980 shares of the stock in a transaction dated Monday, April 16th. The stock was bought at an average cost of $38.96 per share, with a total value of $349,860.80. Following the purchase, the chief executive officer now owns 116,682 shares in the company, valued at approximately $4,545,930.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Virginia Drosos also recently made the following trade(s):

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  • On Friday, April 13th, Virginia Drosos bought 4,830 shares of Signet Jewelers stock. The stock was bought at an average cost of $38.73 per share, with a total value of $187,065.90.

SIG opened at $37.83 on Friday. The company has a market cap of $2,387.96, a price-to-earnings ratio of 5.81, a price-to-earnings-growth ratio of 1.24 and a beta of 0.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.32 and a quick ratio of 1.12. Signet Jewelers has a one year low of $33.11 and a one year high of $77.94.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Wednesday, March 14th. The company reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.26 by $0.02. Signet Jewelers had a return on equity of 20.34% and a net margin of 8.30%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the company posted $4.03 EPS. Signet Jewelers’s quarterly revenue was up 1.0% compared to the same quarter last year. equities research analysts forecast that Signet Jewelers will post 3.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 4th will be given a $0.37 dividend. The ex-dividend date is Thursday, May 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.91%. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.31. Signet Jewelers’s dividend payout ratio is currently 19.05%.

Several large investors have recently made changes to their positions in the company. Clearbridge Investments LLC raised its position in shares of Signet Jewelers by 17.8% in the 4th quarter. Clearbridge Investments LLC now owns 1,540,998 shares of the company’s stock worth $87,143,000 after acquiring an additional 233,282 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Signet Jewelers by 30.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,446,968 shares of the company’s stock worth $96,298,000 after acquiring an additional 340,761 shares in the last quarter. Discovery Capital Management LLC CT bought a new position in shares of Signet Jewelers in the 4th quarter worth approximately $77,095,000. Alliancebernstein L.P. raised its position in shares of Signet Jewelers by 1,105.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,302,225 shares of the company’s stock worth $73,641,000 after acquiring an additional 1,194,187 shares in the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of Signet Jewelers by 86.4% in the 4th quarter. Guggenheim Capital LLC now owns 906,766 shares of the company’s stock worth $51,277,000 after acquiring an additional 420,413 shares in the last quarter.

A number of research firms have recently weighed in on SIG. Zacks Investment Research raised Signet Jewelers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. JPMorgan Chase reissued a “hold” rating and issued a $52.00 target price on shares of Signet Jewelers in a research note on Monday, March 12th. Royal Bank of Canada set a $38.00 target price on Signet Jewelers and gave the company a “hold” rating in a research note on Thursday, March 15th. Finally, Needham & Company LLC lowered Signet Jewelers from a “buy” rating to a “hold” rating and set a $74.00 target price for the company. in a research note on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $52.45.

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About Signet Jewelers

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands.

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