Signet Jewelers Ltd [SIG] stock is trading at $99.43, up 1.35%. An important factor to consider is whether the stock is rising or falling in short-term value. The SIG shares have gain 10.38% over the last week, with a monthly amount drifted -6.68%, and not seem to be holding up well over a long-time horizon.
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On 20, March 2024, SIGNET BOARD CHAIR SUCCESSION. In a post published today on Yahoo Finance, Helen McCluskey appointed as Board Chair effective upon the conclusion of H. Todd Stitzer twelve-year tenure at the June 2024 Annual General Meeting of Shareholders.
From an analyst’s perspective:
Signet Jewelers Ltd [NYSE: SIG] stock has seen the most recent analyst activity on March 21, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also revised its price target to $100 from $105. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on March 15, 2024, and elevated its price target to $105. On December 06, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $119 on the stock. Telsey Advisory Group reiterated its Market Perform rating and increased its price target to $90 on December 06, 2023. Telsey Advisory Group reiterated its recommendation of a Market Perform and raised its price target to $82 on September 01, 2023. Northcoast downgraded its rating to Neutral for this stock on June 12, 2023. In a note dated June 10, 2022, Telsey Advisory Group reiterated an Market Perform rating on this stock and revised its target price from $100 to $85.
Signet Jewelers Ltd [SIG] stock has fluctuated between $57.10 and $108.79 over the past year. Currently, Wall Street analysts expect the stock to reach $95.33 within the next 12 months. Signet Jewelers Ltd [NYSE: SIG] shares were valued at $99.43 at the most recent close of the market. An investor can expect a potential drop of -4.12% based on the average SIG price forecast.
Analyzing the SIG fundamentals
Signet Jewelers Ltd [NYSE:SIG] reported sales of 7.17B for the trailing twelve months, which represents a drop of -6.32%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.34 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.44.
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 97.87 points at the first support level, and at 96.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 100.46, and for the 2nd resistance point, it is at 101.50.
Signet Jewelers Ltd [SIG] reported earnings per share of $6.73 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $6.37/share, meaning a difference of $0.36 and a surprise factor of 5.70%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.24 per share as compared to estimates of $0.18 per share, a difference of $0.06 representing a surprise of 33.30%.
Ratios To Look Out For
For context, Signet Jewelers Ltd’s Current Ratio is 1.78. On the other hand, the Quick Ratio is 0.80, and the Cash Ratio is 0.7. Considering the valuation of this stock, the price to sales ratio is 0.62, the price to book ratio is 2.03 and price to earnings (TTM) ratio is 6.71.
Transactions by insiders
Recent insider trading involved Brace William, President – KAY Jewelers, that happened on Mar 27 ’24 when 3000.0 shares were sold. *, Hilson Joan M completed a deal on Mar 25 ’24 to sell 8000.0 shares. Meanwhile, Chief People Officer FINN MARY ELIZABETH sold 5431.0 shares on Mar 22 ’24.
