Signet Jewelers Limited (NYSE:SIG) saw an upside of 1.10% to close Friday at $75.40 after adding $0.82 on the day. The 5-day average trading volume is 539,720 shares of the company’s common stock. It has gained $78.95 in the past week and touched a new high 2 times within the past 5 days. An average of 570,755 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 862,630.
SIG’s 1-month performance is 2.74% or $3.20 on its low of $71.00 reached on 07/20/23. The company’s shares have touched a 52-week low of $51.29 and high of $83.42, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, SIG has achieved 10.88% or $7.40 and has reached a new high 11 times. However, the current price is down -9.61% from the 52-week high price.
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Insider Transactions
SIG stock investors last saw insider trading activity on Aug 15.Drosos Virginia (Chief Executive Officer) most recently sold 10,000 shares at $77.05 per share on Aug 15. This transaction cost the insider $770,487. Chief People Officer, FINN MARY ELIZABETH, sold 7,283 shares at a price of $79.13 on Aug 01. Then, on Jul 31, * Singleton Jamie sold 17,499 shares at a price of $80.00 per share. This transaction amounted to $1,399,920.
Valuation Metrics
SIG stock has a beta of 2.13. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.44 while the price-to-book (PB) in the most recent quarter is 2.16, with the price to cash flow ratio at 8.33.
Signet Jewelers Limited’s quick ratio for the period ended April 29 was 0.50, with the current ratio over the same period at 1.70. As well, the company’s long term debt to equity for the quarter ending April 29 was 0.09, while the total debt to equity was 0.09. In terms of profitability, the gross margin trailing 12 months is 38.60%. The trailing 12-month EBITDA margin is 13.14% while for the period ending April 29, Signet Jewelers Limited’s operating margin was 9.20%. The firm’s gross profit as reported stood at $3.05 billion against revenue of $7.84 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 203.72% to $88.8 million, while revenue of -$122.2 million was 237.61% off the previous quarter. Analysts expected SIG to announce $1.49 per share in earnings in its latest quarter, but it posted $1.78, representing a 19.50% surprise. EBITDA for the quarter stood at more than $144.3 million. SIG stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 4.62 billion, with total debt at $1.32 billion. Shareholders hold equity totaling $45.41 million.
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 18 August was 41.37% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.41%.
The stock’s 5-day moving average is $76.37, reflecting a -3.67% or -$2.87 change from its current price. SIG is currently trading +3.94% above its 20-day SMA, +2.21% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.46% and SMA200 by+15.57%.
Stochastic %K and %D was 7.75% and 16.03% and the average true range (ATR) pointed at 2.46. The RSI (14) points at 48.35%, while the 14-day stochastic is at 17.17% with the period’s ATR at 2.45. The stock’s 9-day MACD Oscillator is pointing at -2.67 and -3.37 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Signet Jewelers Limited (NYSE: SIG), Northcoast downgraded it to a Neutral rating. They previously had a Buy 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 4 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.
