CEO & Director of Signet Jewelers James Symancyk Buys 42% More Shares

Those following along with Signet Jewelers Limited (NYSE:SIG) will no doubt be intrigued by the recent purchase of shares by James Symancyk, CEO & Director of the company, who spent a stonking US$862k on stock at an average price of US$57.45. Not only is that a big swing, but it increased their holding size by 42%, which is definitely great to see.

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The Last 12 Months Of Insider Transactions At Signet Jewelers

The insider, Oded Edelman, made the biggest insider sale in the last 12 months. That single transaction was for US$1.4m worth of shares at a price of US$78.07 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$59.47. So it may not shed much light on insider confidence at current levels.

All up, insiders sold more shares in Signet Jewelers than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Signet Jewelers

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Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 3.2% of Signet Jewelers shares, worth about US$79m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Signet Jewelers Tell Us?

The recent insider purchase is heartening. On the other hand the transaction history, over the last year, isn't so positive. We don't take much heart from transactions by Signet Jewelers insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. Overall they seem reasonably aligned. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Signet Jewelers. At Simply Wall St, we found 1 warning sign for Signet Jewelers that deserve your attention before buying any shares.

But note: Signet Jewelers may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.