Signet Jewelers Limited (NYSE:SIG – Get Rating) insider Stash Ptak sold 1,000 shares of the stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the sale, the insider now owns 34,333 shares in the company, valued at approximately $2,574,975.
Signet Jewelers Price Performance
NYSE SIG traded down $0.23 on Friday, reaching $72.02. 10,483 shares of the company's stock traded hands, compared to its average volume of 626,292. The stock has a market cap of $3.27 billion, a PE ratio of 11.65, a P/E/G ratio of 0.76 and a beta of 2.12. Signet Jewelers Limited has a 12 month low of $48.31 and a 12 month high of $94.34. The stock has a 50-day simple moving average of $66.25 and a 200 day simple moving average of $62.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.56 and a quick ratio of 0.37.
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Signet Jewelers Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Stockholders of record on Friday, January 27th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, January 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.11%. Signet Jewelers's dividend payout ratio (DPR) is 12.90%.
Hedge Funds Weigh In On Signet Jewelers
A number of large investors have recently added to or reduced their stakes in the business. Assetmark Inc. boosted its position in Signet Jewelers by 1.6% during the third quarter. Assetmark Inc. now owns 12,965 shares of the company's stock valued at $741,000 after buying an additional 209 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Signet Jewelers by 0.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 25,233 shares of the company's stock valued at $1,349,000 after acquiring an additional 217 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in Signet Jewelers by 8.4% during the 1st quarter. Evergreen Capital Management LLC now owns 2,964 shares of the company's stock valued at $215,000 after acquiring an additional 229 shares during the period. Marietta Investment Partners LLC grew its position in Signet Jewelers by 4.3% during the 2nd quarter. Marietta Investment Partners LLC now owns 7,382 shares of the company's stock worth $395,000 after acquiring an additional 304 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in Signet Jewelers by 5.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 7,959 shares of the company's stock worth $425,000 after purchasing an additional 376 shares during the period. Hedge funds and other institutional investors own 97.88% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. StockNews.com began coverage on Signet Jewelers in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. Telsey Advisory Group raised their target price on shares of Signet Jewelers from $72.00 to $75.00 and gave the company a "market perform" rating in a research note on Wednesday, December 7th. UBS Group boosted their price target on shares of Signet Jewelers from $79.00 to $93.00 and gave the stock a "buy" rating in a research note on Wednesday, December 7th. Bank of America raised their price objective on shares of Signet Jewelers from $65.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, December 7th. Finally, Citigroup upped their target price on shares of Signet Jewelers from $60.00 to $77.00 in a research report on Wednesday, December 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Signet Jewelers has an average rating of "Hold" and a consensus target price of $85.00.
Signet Jewelers Company Profile
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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 Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox.
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