Signet Jewelers Sees Unusually Large Options Volume (SIG)

Signet Jewelers Ltd. (NYSE:SIG) was the recipient of unusually large options trading activity on Tuesday. Traders purchased 3,702 put options on the company. This is an increase of approximately 794% compared to the typical volume of 414 put options.

A number of analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $60.00 target price on shares of Signet Jewelers in a research report on Wednesday, November 22nd. They noted that the move was a valuation call. Telsey Advisory Group dropped their target price on shares of Signet Jewelers from $83.00 to $60.00 and set a “market perform” rating for the company in a research report on Wednesday, November 22nd. Zacks Investment Research downgraded shares of Signet Jewelers from a “hold” rating to a “strong sell” rating in a research report on Friday, February 2nd. Royal Bank of Canada lowered their price objective on shares of Signet Jewelers from $66.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, November 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Signet Jewelers in a research report on Monday. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Signet Jewelers currently has a consensus rating of “Hold” and a consensus target price of $62.78.

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Shares of Signet Jewelers (NYSE SIG) opened at $47.91 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 0.76. Signet Jewelers has a 1 year low of $46.09 and a 1 year high of $77.94. The stock has a market cap of $2,903.56, a P/E ratio of 7.34, a price-to-earnings-growth ratio of 1.00 and a beta of 0.73.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Thursday, February 1st. Signet Jewelers’s dividend payout ratio (DPR) is 20.39%.

In other Signet Jewelers news, insider Oded Edelman bought 90,398 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was purchased at an average price of $55.31 per share, with a total value of $4,999,913.38. Following the transaction, the insider now owns 33,962 shares in the company, valued at $1,878,438.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Hosking Partners LLP grew its position in shares of Signet Jewelers by 0.6% during the third quarter. Hosking Partners LLP now owns 119,049 shares of the company’s stock worth $7,923,000 after buying an additional 712 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Signet Jewelers by 9.8% during the third quarter. Janney Montgomery Scott LLC now owns 8,082 shares of the company’s stock worth $538,000 after buying an additional 721 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Signet Jewelers by 1.5% during the third quarter. Great West Life Assurance Co. Can now owns 48,700 shares of the company’s stock worth $3,262,000 after buying an additional 734 shares in the last quarter. Swiss National Bank grew its position in shares of Signet Jewelers by 0.4% during the third quarter. Swiss National Bank now owns 228,600 shares of the company’s stock worth $15,213,000 after buying an additional 1,000 shares in the last quarter. Finally, Mandatum Life Insurance Co Ltd grew its position in shares of Signet Jewelers by 14.3% during the third quarter. Mandatum Life Insurance Co Ltd now owns 8,000 shares of the company’s stock worth $532,000 after buying an additional 1,000 shares in the last quarter.

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Signet Jewelers Company Profile

Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.

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