The Divisional President of Signet Jewelers is Exercising Options


Today it was reported that the Divisional President of Signet Jewelers (SIG), Jamie Singleton, exercised options to sell 324 SIG shares for a total transaction value of $5,247.

In addition to Jamie Singleton, 16 other SIG executives reported Sell trades in the last month. Following Jamie Singleton’s last SIG Sell transaction on May 12, 2020, the stock climbed by 4.9%.

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The company has a one-year high of $31.44 and a one-year low of $5.60. SIG’s market cap is $741 million and the company has a P/E ratio of 12.10.

Based on 3 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $6.50, reflecting a 130.6% upside. Starting in December 2019, SIG received 7 Sell ratings in a row.

The insider sentiment on Signet Jewelers has been neutral according to 147 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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Signet Jewelers Ltd. engages in retailing of jewelry, watches and associated services. It operates through the following business segment: North America, International segment, and Others. The North America segment operates jewelry stores in malls, mall-based kiosks and off-mall locations throughout the U.S. and Canada under national banners including Kay, Zales, Jared and Piercing Pagoda, as well as a variety of mall-based regional banners. The International segment transacts mainly in British pounds, as sales and the majority of operating expenses are incurred in that currency and its results are then translated into U.S. dollars for external reporting purposes. The Other segment consists of all non-reportable operating segments, including activities related to the direct sourcing of rough diamonds, and is aggregated with unallocated corporate administrative functions. The company was founded in 1949 and is headquartered in Hamilton, Bermuda.

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