Signet Jewelers Ltd [SIG] stock prices are up 2.02% to $98.96 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SIG shares have gain 3.74% over the last week, with a monthly amount drifted -6.54%, and not seem to be holding up well over a long-time horizon.
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On 28, February 2024, SIGNET JEWELERS ANNOUNCES NEW BOARD APPOINTMENT. In a post published today on Yahoo Finance, Signet Jewelers Limited (“Signet” or the “Company”) (NYSE:SIG), the world’s largest retailer of diamond jewelry, today announced the appointment of Sandra Cochran to its Board of Directors (“Board”), effective on February 27, 2024. The Board also appointed Ms. Cochran as a member of the Human Capital Management and Compensation Committee. Her appointment temporarily increased the size of the Board from 12 to 13 members, 12 of whom are independent, as we transition toward tenure limitations being reached on the Board under the Company’s Director Tenure Policy.
From an analyst’s perspective:
Signet Jewelers Ltd [NYSE: SIG] stock has seen the most recent analyst activity on December 06, 2023, when Citigroup upgraded its rating to a Buy and also boosted its price target to $119 from $93. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on December 06, 2023, and elevated its price target to $90. On September 01, 2023, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $82 on the stock. Northcoast downgraded its rating to a Neutral. Telsey Advisory Group reiterated its recommendation of a Market Perform and reduced its price target to $85 on June 10, 2022. UBS started tracking with a Buy rating for this stock on November 01, 2021, and assigned it a price target of $140. In a note dated October 13, 2021, BofA Securities upgraded an Neutral rating on this stock and boosted its target price from $82 to $88.
The stock price of Signet Jewelers Ltd [SIG] has been fluctuating between $57.10 and $108.79 over the past year. Currently, Wall Street analysts expect the stock to reach $92.67 within the next 12 months. Signet Jewelers Ltd [NYSE: SIG] shares were valued at $98.96 at the most recent close of the market. An investor can expect a potential drop of -6.36% based on the average SIG price forecast.
Analyzing the SIG fundamentals
The Signet Jewelers Ltd [NYSE:SIG] reported sales of 7.34B for trailing twelve months, representing a drop of -12.06%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.21 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.57.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 97.83 points at the first support level, and at 96.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 100.01, and for the 2nd resistance point, it is at 101.07.
Signet Jewelers Ltd [SIG] reported earnings per share of $0.24 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.18/share, meaning a difference of $0.06 and a surprise factor of 33.30%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $1.55 per share as compared to estimates of $1.45 per share, a difference of $0.1 representing a surprise of 6.90%.
Ratios To Look Out For
It’s worth pointing out that Signet Jewelers Ltd [NYSE:SIG]’s Current Ratio is 1.60. As well, the Quick Ratio is 0.48, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 0.60, the price to book ratio is 2.79 and price to earnings (TTM) ratio is 12.45.
Transactions by insiders
Recent insider trading involved Edelman Oded,, that happened on Mar 04 ’24 when 7912.0 shares were sold. Chief Executive Officer, Drosos Virginia completed a deal on Mar 01 ’24 to sell 45000.0 shares. Meanwhile, Edelman Oded sold 7911.0 shares on Feb 26 ’24.
