A share price of Signet Jewelers Ltd [SIG] is currently trading at $100.25, up 0.20%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SIG shares have gain 4.34% over the last week, with a monthly amount drifted -5.86%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Signet Jewelers Ltd [NYSE: SIG] stock has seen the most recent analyst activity on March 15, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also boosted its price target to $105 from $90. Previously, Citigroup upgraded its rating to Buy on December 06, 2023, and elevated its price target to $119. On December 06, 2023, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $90 on the stock. Telsey Advisory Group reiterated its Market Perform rating and increased its price target to $82 on September 01, 2023. Northcoast downgraded its rating to a Neutral. Telsey Advisory Group reiterated a Market Perform rating for this stock on June 10, 2022, and downed its price target to $85. In a note dated November 01, 2021, UBS initiated an Buy rating and provided a target price of $140 on this stock.
Signet Jewelers Ltd experienced fluctuations in its stock price throughout the past year between $57.10 and $108.79. 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 $100.25 at the most recent close of the market. An investor can expect a potential drop of -7.56% based on the average SIG price forecast.
Analyzing the SIG fundamentals
Trailing Twelve Months sales for Signet Jewelers Ltd [NYSE:SIG] were 7.34B which represents -12.06% decline. 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 99.07 points at the first support level, and at 97.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 101.37, and for the 2nd resistance point, it is at 102.49.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Signet Jewelers Ltd [NYSE:SIG] is 1.60. Also, the Quick Ratio is 0.48, while the Cash Ratio stands at 0.34. Considering the valuation of this stock, the price to sales ratio is 0.61, the price to book ratio is 2.83 and price to earnings (TTM) ratio is 12.62.
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.
