MIdWestOne Financial Group Inc. Sells 7,787 Shares of Signet Jewelers Limited $SIG

MIdWestOne Financial Group Inc. decreased its position in Signet Jewelers Limited (NYSE:SIG) by 19.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 32,757 shares of the company’s stock after selling 7,787 shares during the quarter. MIdWestOne Financial Group Inc.’s holdings in Signet Jewelers were worth $2,715,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SIG. Richardson Financial Services Inc. bought a new position in Signet Jewelers during the fourth quarter worth about $31,000. Farther Finance Advisors LLC boosted its holdings in Signet Jewelers by 48.6% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after buying an additional 124 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Signet Jewelers by 111.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock worth $52,000 after buying an additional 333 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Signet Jewelers by 171.2% during the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after buying an additional 428 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Signet Jewelers during the third quarter worth about $64,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen cut Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday, March 22nd. UBS Group reduced their target price on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Telsey Advisory Group reiterated a “market perform” rating and set a $96.00 price objective on shares of Signet Jewelers in a report on Thursday, March 19th. Royal Bank Of Canada upgraded Signet Jewelers to a “hold” rating in a report on Monday, March 30th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Signet Jewelers in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $112.88.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock opened at $92.02 on Friday. The business’s 50 day simple moving average is $86.36 and its 200 day simple moving average is $88.93. Signet Jewelers Limited has a 52-week low of $71.61 and a 52-week high of $110.20. The firm has a market cap of $3.69 billion, a PE ratio of 12.91, a P/E/G ratio of 0.90 and a beta of 1.17.

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

Signet Jewelers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 24th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. Signet Jewelers’s payout ratio is 17.95%.

About Signet Jewelers

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.