New insider activity at Signet Jewelers ( (SIG) ) has taken place on April 1, 2025.
CEO James Kevin Symancyk has made a significant investment in Signet Jewelers by purchasing 15,000 shares of the company’s stock, valued at $861,600. This move reflects a strong vote of confidence in the company’s future prospects.
Recent Updates on SIG stock
In recent developments, Signet Jewelers’ stock experienced a 2.5% increase to $59.50 following significant insider buying by CEO James Symancyk. The company held its Q4 earnings call, revealing a mixed outlook with strategic initiatives aimed at future growth, despite challenges like revenue decline and underperformance in key areas. Positive trends included a 60% increase in lab-grown diamond sales and strategic reorganization efforts expected to save $50-$60 million annually. UBS raised Signet’s price target due to improvements in omnichannel capabilities and supply chain, projecting a 9% five-year EPS growth. Conversely, Wells Fargo lowered its price target, citing challenges despite optimism in fashion and bridal segments. The company announced a new strategy, ‘Grow Brand Love,’ focusing on brand loyalty and operational optimization to drive sustainable growth.
More about Signet Jewelers
YTD Price Performance: -26.76%
Average Trading Volume: 1,767,210
Technical Sentiment Signal: Buy
Current Market Cap: $2.52B