Eugenia Ulasewicz Sells 3,333 Shares of Signet Jewelers Limited (NYSE:SIG) Stock

Signet Jewelers Limited (NYSE:SIG) Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $54.13, for a total value of $180,415.29. Following the sale, the director now directly owns 22,752 shares of the company’s stock, valued at $1,231,565.76. This represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Signet Jewelers Stock Performance

NYSE SIG opened at $52.60 on Friday. The business has a 50-day moving average price of $66.15 and a 200-day moving average price of $82.25. Signet Jewelers Limited has a twelve month low of $52.09 and a twelve month high of $112.06. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 3.43 and a beta of 2.11. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the company posted $0.24 earnings per share. Signet Jewelers’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, equities research analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, January 24th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Friday, January 24th. Signet Jewelers’s payout ratio is presently 13.35%.

Hedge Funds Weigh In On Signet Jewelers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its stake in Signet Jewelers by 4.9% during the fourth quarter. Mackenzie Financial Corp now owns 15,227 shares of the company’s stock valued at $1,229,000 after buying an additional 706 shares during the last quarter. MidWestOne Financial Group Inc. raised its position in Signet Jewelers by 22.3% during the fourth quarter. MidWestOne Financial Group Inc. now owns 24,372 shares of the company’s stock valued at $1,967,000 after purchasing an additional 4,436 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Signet Jewelers by 14.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 111,609 shares of the company’s stock valued at $9,008,000 after purchasing an additional 13,769 shares during the period. Shay Capital LLC purchased a new stake in Signet Jewelers during the fourth quarter valued at approximately $484,000. Finally, ProShare Advisors LLC raised its position in Signet Jewelers by 42.8% during the fourth quarter. ProShare Advisors LLC now owns 12,776 shares of the company’s stock valued at $1,031,000 after purchasing an additional 3,829 shares during the period.

Analyst Upgrades and Downgrades

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

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.