Are You Looking To Buy Signet Jewelers Limited (SIG)? First, Read This

Signet Jewelers Limited (NYSE:SIG) finished Friday with an addition of $0.27 to close at $90.07, an upside of 0.30 percent. An average of 655,620 shares of common stock have been traded in the last five days. There was a gain of $3.59 in the past week, and it reached a new high 44 times over the past 12 months. The last 20 days have seen an average of 827,090 shares traded, while the 50-day average volume stands at 884,256.

SIG stock has increased by 8.96% in the last month. The company shares reached their 1-month lowest point of $78.00 on 09/30/21. With the stock rallying to its 52-week high on 10/21/21, shares of the company touched a low of $20.88 and a high of $90.92 in 52 weeks. It has reached a new high 40 times so far this year and achieved 230.29% or $62.80 in price. In spite of this, the price is down -0.93% from the 52-week high.


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Insider Transactions

5 days have passed since Signet Jewelers Limited (SIG) last reported insider trading activity. Ulasewicz Eugenia, who is Director, most recently acquired $2,523 shares at $87.84 per share on Oct 18. In this transaction, the insider spent $221,608. Director, Stitzer H. Todd, disposed of 15,083 shares at a price of $87.68 on Oct 18. The insider now owns more than $1,322,417 worth of shares. Prior to that, Chief Executive Officer Drosos Virginia went on to Sale 25,000 shares at $82.12 each on Oct 04. An amount of $2,052,995 was transacted.

Valuation Metrics

Signet Jewelers Limited (SIG) has a trailing price-to-earnings (P/E) ratio of 8.77, which compares with the 21.00 for the broader industry and 32.04 for the sector. In the last five years, Signet Jewelers Limited’s PE ratio has ranged between 26.31 and 4.792. The stock’s beta is 2.60. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.69, the price-to-book (PB) ratio at 3.05, and the price-to-cash flow ratio at 3.03.

Signet Jewelers Limited pays a $0.72 dividend per share annually. It offers a dividend yield of 0.80%. The company’s most recent quarterly dividend payment was $0.18 a share, without any change from last year. Its latest decrease dividend $0.19 reported on Thursday June 10 2021.Dividends have grown by -68.91% each year over the last three years.

The quick ratio of Signet Jewelers Limited for the three months ended July 30 was 1.00, and the current ratio was 2.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.09 and a total debt to equity ratio of 0.09 for the quarter ending July 30. Signet Jewelers Limited’s EBITDA margin for the year ending July 30 is 6.04%, while its operating margin for the same period stands at 10.40%. Its gross profit as reported stood at $1.73 billion compared to revenue of $5.23 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Signet Jewelers Limited’s return on assets was 9.40%. For the broader industry, ROE averaged 10.33 over the past year.

Earnings Surprise

For the three-month period that ended July 30, Signet Jewelers Limited had $146.9 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $216.0 million in the quarter, while revenues of $129.8 million were grew 141.67%. The analyst consensus anticipated Signet Jewelers Limited’s latest quarter earnings to come in at $1.69 per share, but it turned out to be $3.57, a 111.20% surprise. For the quarter, EBITDA amounted to $266.0 million. Shareholders own equity worth $53.06 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Signet Jewelers Limited (SIG) price momentum. RSI 9-day as of the close on 22 October was 66.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.93%.

As of today, SIG’s price is $89.25 +4.15% or $3.59 from its 5-day moving average. SIG is currently trading +11.24% higher than its 20-day SMA and +45.04% higher than its 100-day SMA. However, the stock’s current price level is +31.32% above the SMA50 and +156.03% above the SMA200.

The stochastic %K and %D were 89.35% and 88.31%, respectively, and the average true range (ATR) was 3.37. With the 14-day stochastic at 93.34% and the average true range at 3.51, the RSI (14) stands at 63.33%. The stock has reached 2.20 on the 9-day MACD Oscillator while the 14-day reading was at 2.93.

Analyst Ratings

BofA Securities upgraded Signet Jewelers Limited (NYSE: SIG) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Signet Jewelers Limited (SIG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SIG, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

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

Analysts predict a range of price targets between $88.00 and $110.00, with a median target of $94.00. Taking a look at these predictions, the average price target given by analysts for Signet Jewelers Limited (SIG) stock is $97.00.

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