Weekly Performance Analysis for Signet Jewelers Limited (SIG)

Signet Jewelers Limited (NYSE:SIG) saw a downside of -2.52% to $79.98 after subtracting -$2.07 on Tuesday. The 5-day average trading volume is 796,832 shares of the company’s common stock. It has gained $88.83 in the past week. An average of 822,338 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 830,473.

SIG’s 1-month performance is 6.68% or $2.66 on its low of $74.57 reached on 09/14/21. The company’s shares have touched a 52-week low of $19.73 and high of $88.83, with the stock’s rally to the 52-week high happening on 10/08/21. YTD, SIG has achieved 200.88% or $52.30. However, the current price is down -9.96%% from the 52-week high price.


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Insider Transactions

On Oct 04, 8 days have gone by since the last insider trading activity for Signet Jewelers Limited (SIG). Drosos Virginia (Chief Executive Officer) most recently sold 25,000 shares at $82.12 per share on Oct 04. This transaction cost the insider $2,052,995. Chief Executive Officer, Drosos Virginia, sold 25,000 shares at a price of $81.26 on Sep 07. Then, on Jun 21, Chief People Officer FINN MARY ELIZABETH sold 3,200 shares at a price of $75.56 per share. This transaction amounted to $241,792.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 26.31 and a low of 4.792. SIG stock has a beta of 2.60. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.64 while the price-to-book (PB) in the most recent quarter is 2.78, with the price to cash flow ratio at 2.80.

Signet Jewelers Limited pays an annual dividend of $0.72 per share. Its dividend yield is 0.90% and the payout ratio is 0.00%. SIG paid $0.18 a share compared with prior rate of $0.18, down 0.0% from last year’s. The company latest dividend decrease of $0.19 reported on Thursday June 10 2021. Measured over the last 3 years, the Dividend has been growing by -68.91% yearly.

It is projected that Signet Jewelers Limited’s next ex-dividend date will be on 28-Oct-2021. SIG is expected to distribute $0.18 as its next dividend.

Signet Jewelers Limited’s quick ratio for the period ended July 30 was 1.00, with the current ratio over the same period at 2.10 meaning that SIG stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.09, while the total debt to equity was 0.09. In terms of profitability, the gross margin trailing 12 months is 38.80%. The trailing 12-month EBITDA margin is 6.04% while for the period ending July 30; Signet Jewelers Limited’s operating margin was 10.40%. The firm’s gross profit as reported stood at $1.73 billion against revenue of $5.23 billion.

Earnings Surprise

For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 50.33% to $1.79 billion, while revenue of $1.69 billion was 5.55% off the previous quarter. Analysts expected SIG to announce $1.69 per share in earnings in its latest quarter, but it posted $3.57, representing a 111.20% surprise. EBITDA for the quarter stood at more than $266.0 million. SIG stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 4.76 billion, with total debt at $1.52 billion. Shareholders hold equity totaling $53.06 million

Technical Picture

Let’s look briefly at Signet Jewelers Limited (SIG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 42.17% to suggest the stock is trending Neutral, with historical volatility in this time period at 60.31%.

The stock’s 5-day moving average is $83.82, reflecting a -8.26% or -$7.17 change from its current price. SIG is currently trading +3.09% above its 20-day SMA, +38.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +21.67% and +204.19% respectively.

Stochastic %K and %D was 40.40% and 61.59% and the average true range (ATR) pointed at 4.28. The RSI (14) points at 47.29%, while the 14-day stochastic is at 14.54% with the period’s ATR at 4.06. The stock’s 9-day MACD Oscillator is pointing at -1.01 and -1.07 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Signet Jewelers Limited (NYSE: SIG), Wells Fargo upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for SIG stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate SIG as a “sell,”, while 3 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is SIG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $82.00 and a high of $100.00, with their median price target at $88.00. Looking at these predictions, the average price target given by analysts is for Signet Jewelers Limited (SIG) stock is $90.00.

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