Optimize Financial Inc Lowers Stake in Signet Jewelers Limited $SIG

Optimize Financial Inc trimmed its holdings in Signet Jewelers Limited (NYSE:SIG) by 55.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,375 shares of the company’s stock after selling 7,939 shares during the period. Optimize Financial Inc’s holdings in Signet Jewelers were worth $611,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC bought a new position in shares of Signet Jewelers during the second quarter worth $29,000. Salomon & Ludwin LLC bought a new position in shares of Signet Jewelers during the 3rd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC raised 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 valued at $54,000 after acquiring an additional 428 shares during the period. State of Wyoming bought a new stake in Signet Jewelers in the second quarter worth about $69,000. Finally, Allworth Financial LP boosted its holdings in Signet Jewelers by 205.9% during the 2nd quarter. Allworth Financial LP now owns 1,505 shares of the company’s stock valued at $120,000 after acquiring an additional 1,013 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SIG. Telsey Advisory Group reiterated a “market perform” rating and issued a $96.00 price target (up previously from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Wall Street Zen downgraded Signet Jewelers from a “strong-buy” rating to a “buy” rating in a research note 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 target price on the stock. Jefferies Financial Group raised their target price on Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $109.67.

Signet Jewelers Stock Performance

SIG stock opened at $91.40 on Wednesday. The firm’s fifty day moving average is $89.43 and its 200 day moving average is $91.28. The firm has a market cap of $3.72 billion, a PE ratio of 27.28, a P/E/G ratio of 1.04 and a beta of 1.28. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $110.20.

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

Signet Jewelers Dividend Announcement

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

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.