Signet Jewelers Limited Target of Unusually High Options Trading (SIG)

Signet Jewelers Limited (NYSE:SIG) saw some unusual options trading on Thursday. Traders purchased 41,770 put options on the company. This is an increase of approximately Infinity compared to the average volume of 0 put options.

Large investors have recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia grew its stake in Signet Jewelers Limited by 5.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock worth $101,000 after buying an additional 85 shares during the last quarter. Monroe Bank & Trust MI purchased a new position in Signet Jewelers Limited during the 3rd quarter worth approximately $179,000. Capstone Investment Advisors Netherlands B.V. purchased a new position in Signet Jewelers Limited during the 2nd quarter worth approximately $121,000. Tower Research Capital LLC TRC grew its stake in Signet Jewelers Limited by 19.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock worth $128,000 after buying an additional 335 shares during the last quarter. Finally, Pitcairn Co. purchased a new position in Signet Jewelers Limited during the 3rd quarter worth approximately $203,000.

Signet Jewelers Limited (NYSE SIG) opened at $69.49 on Tuesday. Signet Jewelers Limited has a 1-year low of $46.09 and a 1-year high of $101.46. The company has a market capitalization of $4,281.17, a PE ratio of 10.58, a PEG ratio of 1.32 and a beta of 1.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.40 and a quick ratio of 1.14.

Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings results on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.23. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.33 billion. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. sell-side analysts forecast that Signet Jewelers Limited will post 7.14 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 27th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.24 dividend on an annualized basis and a yield of 1.78%. Signet Jewelers Limited’s dividend payout ratio is presently 19.14%.

A number of research firms have issued reports on SIG. BidaskClub lowered Signet Jewelers Limited from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Needham & Company LLC set a $69.00 price target on Signet Jewelers Limited and gave the company a “buy” rating in a research report on Saturday, August 19th. Instinet reaffirmed a “buy” rating and issued a $73.00 price target (up previously from $70.00) on shares of Signet Jewelers Limited in a research report on Monday, August 28th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $75.00 price target (up previously from $70.00) on shares of Signet Jewelers Limited in a research report on Thursday, August 24th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $66.00 price target on shares of Signet Jewelers Limited in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $70.25.

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Signet Jewelers Limited 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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