On September 27, 2024, Virginia Drosos, Chief Executive Officer of Signet Jewelers Ltd (SIG, Financial), executed a sale of 50,000 shares of the company at a price of $101.74 per share. This transaction was reported in an SEC Filing. Following this sale, the insider now owns 728,820 shares of Signet Jewelers Ltd.
Signet Jewelers Ltd (SIG, Financial) is a leading retailer of diamond jewelry. The company operates in multiple countries and owns several well-known brands, including Kay Jewelers, Zales, Jared, H.Samuel, Ernest Jones, Peoples, and Piercing Pagoda.
Over the past year, Virginia Drosos has sold a total of 260,000 shares and has not purchased any shares. The insider transaction history for Signet Jewelers Ltd shows a pattern of 52 insider sells and no insider buys over the past year.
Shares of Signet Jewelers Ltd were trading at $101.74 on the day of the transaction, giving the company a market cap of approximately $4.45 billion. The price-earnings ratio of the stock is 11.69, which is lower than the industry median of 18.36.
The stock's GF Value is estimated at $83.92, indicating that the stock is modestly overvalued with a price-to-GF-Value ratio of 1.21.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This sale by the insider may be of interest to current and potential investors, providing insight into the insider's perspective on the stock's valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
