MidWestOne Financial Group Inc. Lowers Holdings in Signet Jewelers Limited $SIG

MidWestOne Financial Group Inc. decreased its position in shares of Signet Jewelers Limited (NYSE:SIG) by 13.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,544 shares of the company’s stock after selling 6,176 shares during the quarter. MidWestOne Financial Group Inc. owned approximately 0.10% of Signet Jewelers worth $3,889,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Signet Jewelers by 87.2% during the 1st quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock worth $1,020,000 after acquiring an additional 8,183 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Signet Jewelers by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after purchasing an additional 213,365 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Signet Jewelers by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company’s stock valued at $7,117,000 after purchasing an additional 10,964 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Signet Jewelers by 55.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,194 shares of the company’s stock valued at $970,000 after buying an additional 4,336 shares during the period. Finally, CWM LLC raised its stake in Signet Jewelers by 10.0% in the second quarter. CWM LLC now owns 7,526 shares of the company’s stock worth $599,000 after buying an additional 685 shares in the last quarter.

Signet Jewelers Stock Up 0.8%

Shares of Signet Jewelers stock opened at $90.08 on Friday. The company has a 50 day moving average price of $89.32 and a 200 day moving average price of $91.65. The firm has a market capitalization of $3.66 billion, a P/E ratio of 26.89, a PEG ratio of 0.98 and a beta of 1.28. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $110.20.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.47. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business posted $0.25 EPS. Signet Jewelers’s revenue for the quarter was up 3.1% compared to the same quarter last year. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. As a group, research analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 23rd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, January 23rd. Signet Jewelers’s dividend payout ratio (DPR) is presently 38.21%.

Analysts Set New Price Targets

Several research analysts have recently commented on SIG shares. UBS Group reissued a “buy” rating on shares of Signet Jewelers in a research report on Wednesday, December 31st. Wall Street Zen upgraded shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a report on Saturday. Stephens started coverage on shares of Signet Jewelers in a research report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price target for the company. Zacks Research raised shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $96.00 price objective (up previously from $92.00) on shares of Signet Jewelers in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Signet Jewelers currently has an average rating of “Moderate Buy” and a consensus target price of $109.67.

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.