Insider Buying: Signet Jewelers (SIG) CEO Purchases $187,065.90 in Stock

Signet Jewelers (NYSE:SIG) CEO Virginia Drosos bought 4,830 shares of the business’s stock in a transaction that occurred on Friday, April 13th. The shares were bought at an average price of $38.73 per share, with a total value of $187,065.90. Following the transaction, the chief executive officer now directly owns 116,682 shares in the company, valued at $4,519,093.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

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  • On Monday, April 16th, Virginia Drosos bought 8,980 shares of Signet Jewelers stock. The shares were bought at an average price of $38.96 per share, with a total value of $349,860.80.

NYSE SIG opened at $37.83 on Friday. The firm has a market capitalization of $2,387.96, a PE ratio of 5.81, a PEG ratio of 1.24 and a beta of 0.84. Signet Jewelers has a 52 week low of $33.11 and a 52 week high of $77.94. The company has a quick ratio of 1.12, a current ratio of 3.32 and a debt-to-equity ratio of 0.28.

Signet Jewelers (NYSE:SIG) last released its earnings results on Wednesday, March 14th. The company reported $4.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.26 by $0.02. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Signet Jewelers had a return on equity of 20.34% and a net margin of 8.30%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $4.03 EPS. equities research analysts expect that Signet Jewelers will post 3.97 EPS for the current 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 paid a $0.37 dividend. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.31. This represents a $1.48 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Thursday, May 3rd. Signet Jewelers’s dividend payout ratio (DPR) is 19.05%.

Several research firms recently commented on SIG. Telsey Advisory Group restated a “market perform” rating and set a $40.00 target price (down previously from $44.00) on shares of Signet Jewelers in a research report on Tuesday, April 3rd. Cowen set a $40.00 target price on Signet Jewelers and gave the stock a “hold” rating in a research report on Thursday, March 15th. JPMorgan Chase cut their target price on Signet Jewelers from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, April 10th. ValuEngine downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Susquehanna Bancshares set a $35.00 target price on Signet Jewelers and gave the stock a “hold” rating in a research report on Thursday, March 15th. One 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. The company currently has a consensus rating of “Hold” and a consensus target price of $52.45.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in shares of Signet Jewelers by 9.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,082 shares of the company’s stock valued at $538,000 after buying an additional 721 shares during the period. BB&T Corp increased its stake in shares of Signet Jewelers by 14.6% in the 4th quarter. BB&T Corp now owns 8,193 shares of the company’s stock valued at $463,000 after buying an additional 1,045 shares during the period. Yorktown Management & Research Co Inc increased its stake in shares of Signet Jewelers by 11.9% in the 4th quarter. Yorktown Management & Research Co Inc now owns 16,000 shares of the company’s stock valued at $905,000 after buying an additional 1,700 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Signet Jewelers in the 4th quarter valued at $109,000. Finally, Delpha Capital Management LLC acquired a new stake in shares of Signet Jewelers in the 4th quarter valued at $113,000.

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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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