Signet Jewelers Ltd [SIG] stock is trading at $104.27, up 2.50%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SIG shares have gain 5.63% over the last week, with a monthly amount glided 7.35%, and seem to be holding up well over a long-time horizon.
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On 3, April 2024, SIGNET JEWELERS REPURCHASES 50% OF CONVERTIBLE PREFERRED SHARES AHEAD OF MATURITY. In a post published today on Yahoo Finance, Net Share Settlement Amendment Further Reduces Diluted Share Count Increases FY2025 Non-GAAP EPS Guidance by 9% to 10%.
From an analyst’s perspective:
Signet Jewelers Ltd [NYSE: SIG] stock has seen the most recent analyst activity on April 04, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also boosted its price target to $110 from $100. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on March 21, 2024, and dropped its price target to $100. On March 15, 2024, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $105 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $119 on December 06, 2023. Telsey Advisory Group reiterated its recommendation of a Market Perform and raised its price target to $90 on December 06, 2023. Telsey Advisory Group reiterated a Market Perform rating for this stock on September 01, 2023, and upped its price target to $82. In a note dated June 12, 2023, Northcoast downgraded an Neutral rating on this stock.
Signet Jewelers Ltd [SIG] stock has fluctuated between $57.10 and $109.17 over the past year. Currently, Wall Street analysts expect the stock to reach $104.67 within the next 12 months. Signet Jewelers Ltd [NYSE: SIG] shares were valued at $104.27 at the most recent close of the market. An investor can expect a potential return of 0.38% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.44.
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 102.97 points at the first support level, and at 101.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.35, and for the 2nd resistance point, it is at 106.43.
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. In addition, the Quick Ratio stands at 0.80 and the Cash Ratio stands at 0.7. Considering the valuation of this stock, the price to sales ratio is 0.65, the price to book ratio is 2.13 and price to earnings (TTM) ratio is 7.03.
Transactions by insiders
Recent insider trading involved Drosos Virginia, Chief Executive Officer, that happened on Apr 01 ’24 when 45000.0 shares were sold. President – KAY Jewelers, Brace William completed a deal on Mar 27 ’24 to sell 3000.0 shares. Meanwhile, * Hilson Joan M sold 8000.0 shares on Mar 25 ’24.
