Investors Purchase High Volume of Signet Jewelers Put Options (SIG)
Signet Jewelers Ltd. (NYSE:SIG) was the recipient of unusually large options trading on Tuesday. Stock investors bought 3,702 put options on the company. This represents an increase of 794% compared to the average daily volume of 414 put options.
Signet Jewelers (SIG) opened at $38.22 on Thursday. Signet Jewelers has a 52 week low of $38.10 and a 52 week high of $77.94. The stock has a market capitalization of $2,310.00, a price-to-earnings ratio of 6.64, a PEG ratio of 1.00 and a beta of 0.72. The company has a quick ratio of 0.76, a current ratio of 2.63 and a debt-to-equity ratio of 0.33.
Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Wednesday, March 14th. The company reported $4.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.26 by $0.02. Signet Jewelers had a return on equity of 20.76% and a net margin of 7.32%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the business posted $4.03 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. research analysts expect that Signet Jewelers will post 6.49 EPS for the current year.
In related news, insider Oded Edelman acquired 90,398 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was purchased at an average cost of $55.31 per share, for a total transaction of $4,999,913.38. Following the purchase, the insider now directly owns 33,962 shares in the company, valued at $1,878,438.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Monroe Bank & Trust MI acquired a new stake in shares of Signet Jewelers in the third quarter valued at $179,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Signet Jewelers in the fourth quarter valued at $109,000. Delpha Capital Management LLC acquired a new stake in shares of Signet Jewelers in the fourth quarter valued at $113,000. First Mercantile Trust Co. acquired a new stake in shares of Signet Jewelers in the fourth quarter valued at $157,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Signet Jewelers in the third quarter valued at $202,000.
SIG has been the subject of a number of recent research reports. Vetr downgraded Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $57.72 price objective for the company. in a research note on Monday, December 11th. Bank of America set a $66.00 price objective on Signet Jewelers and gave the stock a “buy” rating in a research note on Saturday, November 25th. Nomura restated a “buy” rating and set a $64.00 price objective on shares of Signet Jewelers in a research note on Wednesday, November 22nd. Needham & Company LLC restated a “buy” rating and set a $60.00 price objective on shares of Signet Jewelers in a research note on Wednesday, November 22nd. They noted that the move was a valuation call. Finally, ValuEngine upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Signet Jewelers currently has an average rating of “Hold” and a consensus price target of $62.78.
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About Signet Jewelers
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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