Signet Jewelers Limited [NYSE: SIG] surged by $1.84 during the normal trading session on Tuesday and reaching a high of $28.81 during the day while it closed the day at $28.64. The company report on October 20, 2020 that Signet Jewelers Accelerates Path to Brilliance to Reinvent the Holiday Shopping Experience for Jewelry.
Investments in Signet’s digital first strategy empowers customers to shop early and on their own terms this holiday season.
Company unveiling meaningful new products from a diverse group of unique designers at a great value.
Signet Jewelers Limited stock has also gained 11.14% of its value over the past 7 days. However, SIG stock has inclined by 111.37% in the 3 months of the year. Over the past six months meanwhile, it has gained 201.79% and gained 31.74% year-on date.
The market cap for SIG stock reached $1.41 billion, with 52.00 million shares outstanding and 50.90 million shares in the current float. Compared to the average trading volume of 1.47M shares, SIG reached a trading volume of 1112109 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Signet Jewelers Limited [SIG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SIG shares is $14.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SIG stock is a recommendation set at 3.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Telsey Advisory Group have made an estimate for Signet Jewelers Limited shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on October 20, 2020. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $15 to $18. The new note on the price target was released on September 04, 2020, representing the official price target for Signet Jewelers Limited stock. Previously, the target price had yet another raise from $10 to $15, while Telsey Advisory Group kept a Market Perform rating on SIG stock.
The Average True Range (ATR) for Signet Jewelers Limited is set at 1.71, with the Price to Sales ratio for SIG stock in the period of the last 12 months amounting to 0.28. The Price to Book ratio for the last quarter was 1.63, with the Price to Cash per share for the same quarter was set at 24.38. Price to Free Cash Flow for SIG in the course of the last twelve months was 4.73 with Quick ratio for the last quarter at 1.10.
SIG stock trade performance evaluation
Signet Jewelers Limited [SIG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.14. With this latest performance, SIG shares gained by 24.14% in over the last four-week period, additionally plugging by 201.79% over the last 6 months – not to mention a rise of 66.71% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SIG stock in for the last two-week period is set at 70.20, with the RSI for the last a single of trading hit 73.63, and the three-weeks RSI is set at 67.84 for Signet Jewelers Limited [SIG]. The present Moving Average for the last 50 days of trading for this stock 21.56, while it was recorded at 26.32 for the last single week of trading, and 15.35 for the last 200 days.
Signet Jewelers Limited [SIG]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Signet Jewelers Limited [SIG] shares currently have an operating margin of +5.08 and a Gross Margin at +36.34. Signet Jewelers Limited’s Net Margin is presently recorded at +1.72.
Return on Total Capital for SIG is now 9.21, given the latest momentum, and Return on Invested Capital for the company is 3.37. Return on Equity for this stock inclined to 5.77, with Return on Assets sitting at 1.97. When it comes to the capital structure of this company, Signet Jewelers Limited [SIG] has a Total Debt to Total Equity ratio set at 129.78. Additionally, SIG Total Debt to Total Capital is recorded at 56.48, with Total Debt to Total Assets ending up at 37.90. Long-Term Debt to Equity for the company is recorded at 159.79, with the Long-Term Debt to Total Capital now at 46.22.
Reflecting on the efficiency of the workforce at the company, Signet Jewelers Limited [SIG] managed to generate an average of $4,038 per employee. Receivables Turnover for the company is 88.62 with a Total Asset Turnover recorded at a value of 1.15.Signet Jewelers Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 2.60.
Earnings per share (EPS) analysis for Signet Jewelers Limited [SIG] stock
With the latest financial reports released by the company, Signet Jewelers Limited posted -0.76/share EPS, while the average EPS was predicted by analysts to be reported at -1.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 29.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SIG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Signet Jewelers Limited go to 7.00%.
Signet Jewelers Limited [SIG]: Insider Ownership positions
There are presently around $1,575 million, in the hands of institutional investors. The top three institutional holders of SIG stocks are: SELECT EQUITY GROUP, L.P. with ownership of 8,077,920, which is approximately 14.16% of the company’s market cap and around 3.20% of the total institutional ownership; BLACKROCK INC., holding 7,830,385 shares of the stock with an approximate value of $224.26 million in SIG stocks shares; and VANGUARD GROUP INC, currently with $155.37 million in SIG stock with ownership of nearly 0.394% of the company’s market capitalization.
Positions in Signet Jewelers Limited stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 80 institutional holders increased their position in Signet Jewelers Limited [NYSE:SIG] by around 8,379,443 shares. Additionally, 98 investors decreased positions by around 7,129,334 shares, while 27 investors held positions by with 39,470,497 shares. The mentioned changes placed institutional holdings at 54,979,274 shares, according to the latest SEC report filing. SIG stock had 30 new institutional investments in for a total of 5,696,579 shares, while 30 institutional investors sold positions of 1,584,757 shares during the same period.