As of Wednesday close, Signet Jewelers Limited’s (NYSE:SIG) stock was up $1.15, moving up 1.64 percent to $71.46. The average number of shares traded per day over the past five days has been 873,380 shares. 2 times new highs have been achieved over the past 5 days. In the last twenty days, the average volume was 647,510, while in the previous 50 days, it was 723,540.
Since last month, SIG stock retreated -9.97%. Shares of the company fell to $67.77 on 08/25/23, the lowest level in the past month. A 52-week high of $83.42 was reached on 02/03/23 after having rallying from a 52-week low of $51.29. Since the beginning of this year, SIG’s stock price has risen by 5.09% or $3.46, and marked a new high 11 times. However, the stock has declined by -14.34% since its 52-week high.
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SIG stock investors should be aware that Signet Jewelers Limited (SIG) stock had its last reported insider trading activity 9 days ago on Aug 22. Edelman Oded, the of the company, disposed of 6,600 shares for $70.54 on Aug 22. It resulted in a $465,576 divestment by the insider. Edelman Oded sold 6,800 shares at an average price of $74.62 on Aug 21. The insider now owns 105,102 shares following the transaction. On Aug 15, Chief Executive Officer Drosos Virginia sold 10,000 shares at $77.05 apiece. The transaction was valued at $770,487.
Valuation Metrics
Right now, Signet Jewelers Limited (SIG) has a P/E ratio of about 8.88. The stock’s beta is 2.15. Besides these, the trailing price-to-sales (P/S) ratio of 0.44, the price-to-book (PB) ratio of 2.05, and the price-to-cash flow ratio of 8.30 may also be considered.
The latest dividend of $0.23 per share was paid out, remained unchanged from last year’s $0.23. On Thursday March 16 2023, a $0.03 dividend increase was announced.
Financial Health
In the three months ended April 29, Signet Jewelers Limited’s quick ratio stood at 0.50, while its current ratio was 1.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 0.09, and the total debt-to-equity ratio was 0.09. On the profitability front, the trailing twelve-month gross margin is 38.60% percent. In the year ended April 29, EBITDA margin amounted to 13.14%, whereas operating margins totaled 9.20%. Based on annual data, SIG earned $3.05 billion in gross profit and brought in $7.84 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 30.70%. Return on equity (ROE) for the past 12 months was 35.50%.
In Signet Jewelers Limited’s quarter-end financial report for April 29, it reported total debt of $147.5 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SIG’s revenue fell -10.21% to $49.6 million during the quarter, while net income inched up to $1.67 billion. While analysts expected Signet Jewelers Limited to report $1.49 quarterly earnings, the actual figure was $1.78 per share, beating the consensus estimate by 19.50%. During the quarter, the company generated $144.3 million in EBITDA. The liabilities of Signet Jewelers Limited were 4.62 billion at the end of its most recent quarter ended April 29, and its total debt was $1.32 billion. The value of shareholders’ equity is $45.41 million.
Technical Picture
This quick technical analysis looks at Signet Jewelers Limited’s (SIG) price momentum. With a historical volatility rate of 39.34%, the RSI 9-day stood at 43.08% on 30 August.
At present, SIG shares trade -8.79% below its 20-day simple moving average and -0.71% percent below its 100-day simple moving average. However, the stock is currently trading approximately +14.08% above its SMA50 and +10.57% above its SMA200.
Stochastic coefficient K was 20.51% and Stochastic coefficient D was 13.71%, while ATR was 2.67. Given the Stochastic reading of 32.23% for the 14-day period, the RSI (14) reading has been calculated as 44.43%. As of today, the MACD Oscillator reading stands at -0.72, while the 14-day reading stands at -2.80.
Analyst Ratings
Signet Jewelers Limited downgraded its rating on Signet Jewelers Limited (NYSE: SIG) to a Neutral in a note to investors on June 12, 2023. The analysts firm previously had a Buy rating on the stock.Signet Jewelers Limited (SIG) has been rated Hold by analysts. According to 0 brokerage firms, SIG is a sell, and 4 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Signet Jewelers Limited stock as buy, with 2 recommending it as overweight.
With a median target price of $71.00, the current consensus forecast for the stock is $68.00 – $95.00. Based on these forecasts, analysts predict Signet Jewelers Limited (SIG) will achieve an average price target of $79.00.
