Signet Jewelers Sees Unusually High Options Volume (NYSE:SIG)
Signet Jewelers Ltd. (NYSE:SIG) was the recipient of unusually large options trading activity on Monday. Stock traders bought 7,463 put options on the company. This is an increase of approximately 843% compared to the typical volume of 791 put options.
In other Signet Jewelers news, CFO Joan M. Hilson bought 7,500 shares of the business’s stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $14.46 per share, with a total value of $108,450.00. Following the completion of the acquisition, the chief financial officer now directly owns 33,127 shares of the company’s stock, valued at approximately $479,016.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Virginia Drosos bought 4,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was bought at an average price of $14.14 per share, with a total value of $56,560.00. Following the completion of the purchase, the chief executive officer now owns 232,181 shares of the company’s stock, valued at $3,283,039.34. The disclosure for this purchase can be found here. 0.96% of the stock is owned by insiders.
Several large investors have recently modified their holdings of SIG. CenterStar Asset Management LLC boosted its holdings in shares of Signet Jewelers by 136.0% in the second quarter. CenterStar Asset Management LLC now owns 1,660 shares of the company’s stock valued at $29,000 after acquiring an additional 6,270 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in Signet Jewelers by 105.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,951 shares of the company’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. Rational Advisors LLC raised its holdings in Signet Jewelers by 277.1% during the third quarter. Rational Advisors LLC now owns 2,285 shares of the company’s stock worth $38,000 after purchasing an additional 1,679 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Signet Jewelers during the second quarter worth approximately $43,000. Finally, FNY Investment Advisers LLC acquired a new stake in Signet Jewelers in the third quarter worth approximately $77,000.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.26. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Signet Jewelers had a negative net margin of 2.99% and a positive return on equity of 17.75%. The company’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 earnings per share. On average, equities research analysts predict that Signet Jewelers will post 3.08 EPS for the current year.
The business also recently declared a — dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a dividend yield of 10.5%. Signet Jewelers’s dividend payout ratio (DPR) is 39.78%.
Several equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Signet Jewelers from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Zacks Investment Research upgraded shares of Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 price objective on the stock in a research report on Monday, August 12th. Citigroup reduced their target price on shares of Signet Jewelers from $17.00 to $12.00 and set a “sell” rating for the company in a research note on Friday, September 6th. Finally, Bank of America decreased their target price on shares of Signet Jewelers from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $24.29.
About Signet Jewelers
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.
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