Signet Jewelers Limited (NYSE:SIG) is engaged in the retail sale of jewelry and watches in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands.
Insider selling during the last 30 days
Here is a table of Signet Jewelers' insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Robert Trabucco||US CFO||April 3-10||9,713||No||22,664 shares||30.0%|
|Edward Hrabak||US COO||April 3||3,181||No||6,622 shares||32.4%|
|Sebastian Hobbs||Director||March 27||590||No||5,365 shares||9.9%|
|Mark Jenkins||Secretary||April 3||1,718||No||14,767 shares||10.4%|
|Mark Light||US CEO||April 3||1,923||No||50,807 shares||3.6%|
|Ronald Ristau||CFO||April 2||3,000||No||39,903 shares||7.0%|
|Michael Povall||CAO, UK||April 1||545||No||4,584 shares||10.6%|
There have been 20,670 shares sold by insiders during the last 30 days.
Insider selling by calendar month
Here is a table of Signet Jewelers' insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 235,184 shares sold, and there have been zero shares purchased by insiders since January 2013.
Signet Jewelers reported the fiscal 2014 full-year, which ended February 1, financial results on March 27 with the following highlights:
|Net income||$368.0 million|
The seven insiders sold their shares after these results.
Signet Jewelers' fiscal 2015 first-quarter guidance is as follows:
|Same store sales growth||3%-4%|
(Source: Earnings presentation)
Signet Jewelers' competitors include Tiffany & Co. (NYSE:TIF). Here is a table comparing these two companies.
|Qtrly Rev Growth (yoy):||0.03||0.05|
|PEG (5 yr expected):||2.26||1.65|
Signet Jewelers has a higher PEG ratio than Tiffany. In Tiffany, there have been 503,210 shares sold and there have been zero shares purchased by insiders this year. Only Signet Jewelers has seen intensive insider selling during the last 30 days.
There have been seven different insiders selling Signet Jewelers, and there have not been any insiders buying Signet Jewelers during the last 30 days. Four of these seven insiders decreased their holdings by more than 10%. Signet Jewelers has an insider ownership of 0.87%.
Before going short Signet Jewelers, I would like to get a bearish confirmation from the Point & Figure chart. The main reason for the proposed short entry is the intensive insider-selling activity.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.