Signet Jewelers Limited $SIG Shares Sold by MIdWestOne Financial Group Inc.

MIdWestOne Financial Group Inc. lowered its stake in Signet Jewelers Limited (NYSE:SIG) by 19.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,757 shares of the company’s stock after selling 7,787 shares during the quarter. MIdWestOne Financial Group Inc. owned about 0.08% of Signet Jewelers worth $2,715,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SIG. CIBC Asset Management Inc raised its stake in shares of Signet Jewelers by 3.1% in the fourth quarter. CIBC Asset Management Inc now owns 4,072 shares of the company’s stock valued at $337,000 after purchasing an additional 121 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Signet Jewelers by 48.6% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after purchasing an additional 124 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Signet Jewelers by 0.7% in the fourth quarter. State of Alaska Department of Revenue now owns 20,844 shares of the company’s stock valued at $1,727,000 after purchasing an additional 138 shares in the last quarter. Amundi raised its stake in shares of Signet Jewelers by 1.9% in the third quarter. Amundi now owns 7,358 shares of the company’s stock valued at $689,000 after purchasing an additional 140 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Signet Jewelers by 6.1% in the third quarter. PNC Financial Services Group Inc. now owns 3,289 shares of the company’s stock valued at $315,000 after purchasing an additional 188 shares in the last quarter.

Analysts Set New Price Targets

SIG has been the subject of several recent analyst reports. Wells Fargo & Company reiterated a “mixed” rating on shares of Signet Jewelers in a research note on Wednesday, June 3rd. Stephens reiterated an “overweight” rating and set a $130.00 price objective on shares of Signet Jewelers in a research note on Friday, May 29th. Citigroup increased their price objective on Signet Jewelers from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Wall Street Zen lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Signet Jewelers in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Signet Jewelers has an average rating of “Moderate Buy” and an average price target of $112.88.

Signet Jewelers Stock Up 7.1%

Shares of NYSE SIG opened at $92.02 on Friday. The firm’s 50-day simple moving average is $86.36 and its 200 day simple moving average is $88.93. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.17. Signet Jewelers Limited has a 12-month low of $71.61 and a 12-month high of $110.20.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.18. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. On average, equities analysts expect that Signet Jewelers Limited will post 10.57 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be issued a $0.35 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.40 annualized dividend and a yield of 1.5%. Signet Jewelers’s dividend payout ratio (DPR) is currently 17.95%.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.