Signet Jewelers Limited (NYSE:SIG) Shares Bought by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. increased its holdings in Signet Jewelers Limited (NYSE:SIG) by 22.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,372 shares of the company’s stock after buying an additional 4,436 shares during the period. MidWestOne Financial Group Inc.’s holdings in Signet Jewelers were worth $1,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Signet Jewelers by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock worth $57,000 after buying an additional 421 shares during the period. Sterling Capital Management LLC increased its holdings in Signet Jewelers by 832.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,362 shares of the company’s stock worth $110,000 after buying an additional 1,216 shares during the period. CIBC Private Wealth Group LLC increased its holdings in Signet Jewelers by 32.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company’s stock worth $123,000 after buying an additional 410 shares during the period. KBC Group NV increased its holdings in Signet Jewelers by 34.6% in the 4th quarter. KBC Group NV now owns 1,740 shares of the company’s stock worth $140,000 after buying an additional 447 shares during the period. Finally, Gallagher Fiduciary Advisors LLC grew its stake in shares of Signet Jewelers by 14.7% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 2,788 shares of the company’s stock worth $225,000 after purchasing an additional 358 shares during the period.

Analyst Ratings Changes

SIG has been the topic of a number of analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $55.00 price objective on shares of Signet Jewelers in a research note on Wednesday, March 19th. CL King assumed coverage on shares of Signet Jewelers in a research note on Monday, May 5th. They set a “buy” rating and a $80.00 target price on the stock. UBS Group increased their price objective on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Cfra Research upgraded shares of Signet Jewelers to a “moderate buy” rating in a report on Thursday, March 20th. Finally, Wells Fargo & Company raised their price target on shares of Signet Jewelers from $60.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Signet Jewelers has an average rating of “Hold” and a consensus target price of $79.67.

Insider Buying and Selling at Signet Jewelers

In other news, CEO James Kevin Symancyk acquired 15,000 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was acquired at an average cost of $57.45 per share, with a total value of $861,750.00. Following the transaction, the chief executive officer now owns 50,710 shares in the company, valued at approximately $2,913,289.50. This trade represents a 42.01% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction on Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction of $180,415.29. Following the sale, the director now directly owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. This trade represents a 12.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.26% of the stock is currently owned by corporate insiders.

Signet Jewelers Stock Up 3.0%

Signet Jewelers stock opened at $64.45 on Wednesday. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $112.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. The firm has a 50 day moving average price of $58.70 and a 200 day moving average price of $68.03. The company has a market capitalization of $2.76 billion, a PE ratio of 7.42, a price-to-earnings-growth ratio of 3.43 and a beta of 1.34.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, beating the consensus estimate of $6.39 by $0.23. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter last year, the company posted $6.73 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. Research analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.99%. The ex-dividend date is Friday, April 25th. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.29. Signet Jewelers’s dividend payout ratio (DPR) is currently -168.42%.

Signet Jewelers Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.