Signet Jewelers Ltd [SIG] stock prices are up 1.04% to $99.70 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SIG shares have gain 4.97% over the last week, with a monthly amount glided 31.55%, and 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 September 09, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also revised its price target to $87 from $105. Previously, Citigroup reaffirmed its Buy rating on June 14, 2024, and kept the price target unchanged to $119. On April 04, 2024, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $110 on the stock. Telsey Advisory Group reiterated its Market Perform rating and decreased its price target to $100 on March 21, 2024. Telsey Advisory Group reiterated its recommendation of a Market Perform and raised its price target to $105 on March 15, 2024. Citigroup upgraded its rating to Buy for this stock on December 06, 2023, and upped its price target to $119. In a note dated December 06, 2023, Telsey Advisory Group reiterated an Market Perform rating on this stock and boosted its target price from $82 to $90.
The stock price of Signet Jewelers Ltd [SIG] has been fluctuating between $67.18 and $112.06 over the past year. Currently, Wall Street analysts expect the stock to reach $113.8 within the next 12 months. Signet Jewelers Ltd [NYSE: SIG] shares were valued at $99.70 at the most recent close of the market. An investor can expect a potential return of 14.14% based on the average SIG price forecast.
Analyzing the SIG fundamentals
The Signet Jewelers Ltd [NYSE:SIG] reported sales of 6.89B for trailing twelve months, representing a drop of -7.60%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.25 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.49.
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 97.85 points at the first support level, and at 96.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 100.86, and for the 2nd resistance point, it is at 102.03.
Ratios To Look Out For
It’s worth pointing out that Signet Jewelers Ltd [NYSE:SIG]’s Current Ratio is 1.67. On the other hand, the Quick Ratio is 0.37, and the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 0.64, the price to book ratio is 2.30 and price to earnings (TTM) ratio is 11.55.
Transactions by insiders
Recent insider trading involved Edelman Oded, that happened on Oct 02 ’24 when 1398.0 shares were sold. Officer, OEYSAN LTD completed a deal on Oct 02 ’24 to buy 1398.0 shares. Meanwhile, Chief Executive Officer Drosos Virginia sold 46525.0 shares on Sep 27 ’24.
