Signet Jewelers Limited ( – ) was the target of some unusual options trading on Wednesday. Investors bought 2,674 call options on the company. This is an increase of approximately 21% compared to the average daily volume of 2,209 call options.
Insider Activity
In other Signet Jewelers news, insider sold 750 shares of the business’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $100.36, for a total transaction of $75,270.00. Following the completion of the sale, the insider now owns 23,321 shares of the company’s stock, valued at $2,340,495.56. The transaction was disclosed in a document filed with the SEC, which is available through . In other news, insider sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $99.00, for a total transaction of $297,000.00. Following the completion of the transaction, the insider now directly owns 75,664 shares of the company’s stock, valued at $7,490,736. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through . Also, insider sold 750 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $100.36, for a total value of $75,270.00. Following the completion of the transaction, the insider now directly owns 23,321 shares of the company’s stock, valued at $2,340,495.56. The disclosure for this sale can be found . Insiders sold a total of 92,435 shares of company stock valued at $8,987,931 over the last quarter. Company insiders own 4.54% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Belpointe Asset Management LLC lifted its holdings in shares of Signet Jewelers by 67.9% during the 1st quarter. Belpointe Asset Management LLC now owns 403 shares of the company’s stock worth $31,000 after acquiring an additional 163 shares during the period. Quarry LP lifted its stake in Signet Jewelers by 274.1% in the 1st quarter. Quarry LP now owns 404 shares of the company’s stock valued at $31,000 after purchasing an additional 296 shares during the last quarter. Ronald Blue Trust Inc. lifted its stake in Signet Jewelers by 187.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 494 shares of the company’s stock valued at $35,000 after purchasing an additional 322 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in Signet Jewelers by 37.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock valued at $50,000 after purchasing an additional 127 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new position in Signet Jewelers in the 1st quarter valued at approximately $51,000.
Signet Jewelers Trading Up 9.8 %
opened at $104.43 on Thursday. The stock has a market capitalization of $4.63 billion, a P/E ratio of 6.97, a price-to-earnings-growth ratio of 1.28 and a beta of 2.13. The firm has a 50 day moving average of $100.32 and a 200-day moving average of $90.11. Signet Jewelers has a 1 year low of $57.10 and a 1 year high of $108.79.
Signet Jewelers ( – ) last released its earnings results on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $0.40. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.55 billion. Signet Jewelers had a net margin of 11.30% and a return on equity of 32.26%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.52 EPS. As a group, analysts forecast that Signet Jewelers will post 9.65 EPS for the current fiscal year.
Signet Jewelers Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.11%. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s dividend payout ratio is 6.14%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Telsey Advisory Group reduced their target price on shares of Signet Jewelers from $105.00 to $100.00 and set a “market perform” rating for the company in a research note on Thursday, March 21st. Wells Fargo & Company increased their target price on shares of Signet Jewelers from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, December 22nd. Bank of America reduced their target price on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Finally, UBS Group reduced their target price on shares of Signet Jewelers from $138.00 to $134.00 and set a “buy” rating for the company in a research note on Tuesday, March 19th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Signet Jewelers presently has an average rating of “Hold” and a consensus price target of $114.60.
About Signet Jewelers
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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 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.
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