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

MidWestOne Financial Group Inc. lowered its holdings in Signet Jewelers Limited (NYSE:SIG) by 13.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,544 shares of the company’s stock after selling 6,176 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Signet Jewelers were worth $3,889,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SIG. Salomon & Ludwin LLC acquired a new stake in Signet Jewelers during the 3rd quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its stake in shares of Signet Jewelers by 171.2% in 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. State of Wyoming purchased a new stake in shares of Signet Jewelers in the second quarter worth about $69,000. Smartleaf Asset Management LLC grew its holdings in Signet Jewelers by 48.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,146 shares of the company’s stock worth $111,000 after acquiring an additional 372 shares during the period. Finally, Allworth Financial LP grew its holdings in Signet Jewelers by 205.9% during the second quarter. Allworth Financial LP now owns 1,505 shares of the company’s stock worth $120,000 after acquiring an additional 1,013 shares during the period.

Signet Jewelers Stock Performance

NYSE:SIG opened at $90.08 on Friday. The stock has a market capitalization of $3.66 billion, a PE ratio of 26.89, a P/E/G ratio of 0.98 and a beta of 1.28. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $110.20. The company has a fifty day moving average of $89.32 and a two-hundred day moving average of $91.65.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business earned $0.25 earnings per share. The company’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. Research analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, January 23rd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. Signet Jewelers’s dividend payout ratio is presently 38.21%.

Wall Street Analyst Weigh In

SIG has been the topic of several recent research reports. The Goldman Sachs Group upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Telsey Advisory Group reiterated a “market perform” rating and issued a $96.00 target price (up from $92.00) on shares of Signet Jewelers in a research note on Tuesday, December 2nd. Wells Fargo & Company dropped their price target on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 3rd. Jefferies Financial Group lifted their price objective on shares of Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Signet Jewelers 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.