Signet Jewelers Ltd's Chief Information Officer Howard Melnick Sells 2,000 Shares
On December 22, 2023, Howard Melnick, the Chief Information Officer of Signet Jewelers Ltd (NYSE:SIG), sold 2,000 shares of the company's stock, according to a recent SEC Filing. Signet Jewelers Ltd is a retailer of diamond jewelry, watches, and other luxury goods, with a variety of well-known brand names under its umbrella.
Over the past year, the insider has sold a total of 11,511 shares and has not made any purchases of the company's stock. The recent transaction continues a trend of insider selling at Signet Jewelers Ltd, with a total of 53 insider sells and no insider buys reported over the past year.
Shares of Signet Jewelers Ltd were trading at $102.73 on the day of the insider's sale, giving the company a market cap of $4.656 billion. The price-earnings ratio of the stock is 12.72, which is below both the industry median of 17.21 and the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, with a stock price of $102.73 and a GuruFocus Value of $80.19, Signet Jewelers Ltd has a price-to-GF-Value ratio of 1.28, indicating that the stock is considered Significantly Overvalued based on its GF Value.
The GF Value is calculated using historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent selling activity by company insiders, which may be of interest to investors monitoring insider behaviors for insights into company performance and valuation.
The GF Value image provides a visual representation of the stock's current valuation in relation to its intrinsic value estimate, as determined by GuruFocus.
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.
This article first appeared on GuruFocus.
