The stock of Signet Jewelers Ltd (NYSE: SIG) has increased by 11.62 when compared to last closing price of 95.07. Despite this, the company has experienced a 8.16% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-03-22 that Shares of Signet Jewelers fell on its latest earnings report, but the long-term picture looks promising. The company will certainly benefit from an uptick in wedding engagements in the coming years.
Is It Worth Investing in Signet Jewelers Ltd (NYSE: SIG) Right Now?
The price-to-earnings ratio for Signet Jewelers Ltd (NYSE: SIG) is above average at 7.16x. The 36-month beta value for SIG is also noteworthy at 2.19. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for SIG is 42.47M, and at present, short sellers hold a 8.99% of that float. The average trading volume of SIG on April 03, 2024 was 708.52K shares.
SIG’s Market Performance
SIG stock saw an increase of 8.16% in the past week, with a monthly gain of 6.78% and a quarterly increase of 2.05%. The volatility ratio for the week is 2.96%, and the volatility levels for the last 30 days are 3.33% for Signet Jewelers Ltd (SIG). The simple moving average for the past 20 days is 9.49% for SIG’s stock, with a 26.13% simple moving average for the past 200 days.
Analysts’ Opinion of SIG
Many brokerage firms have already submitted their reports for SIG stocks, with Telsey Advisory Group repeating the rating for SIG by listing it as a “Market Perform.” The predicted price for SIG in the upcoming period, according to Telsey Advisory Group is $100 based on the research report published on March 21, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see SIG reach a price target of $105, previously predicting the price at $90. The rating they have provided for SIG stocks is “Market Perform” according to the report published on March 15th, 2024.
Citigroup gave a rating of “Buy” to SIG, setting the target price at $119 in the report published on December 06th of the previous year.
SIG Trading at 6.02% from the 50-Day Moving Average
After a stumble in the market that brought SIG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.45% of loss for the given period.
Volatility was left at 3.33%, however, over the last 30 days, the volatility rate increased by 2.96%, as shares surge +7.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.76% upper at present.
During the last 5 trading sessions, SIG rose by +7.47%, which changed the moving average for the period of 200-days by +76.20% in comparison to the 20-day moving average, which settled at $97.27. In addition, Signet Jewelers Ltd saw -1.06% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SIG starting from Brace William, who sale 3,000 shares at the price of $99.00 back on Mar 27 ’24. After this action, Brace William now owns 75,664 shares of Signet Jewelers Ltd, valued at $297,000 using the latest closing price.
Hilson Joan M sale 8,000 shares at $92.69 during a trade that took place back on Mar 25 ’24, which means that Hilson Joan M is holding 187,377 shares at $741,512 based on the most recent closing price.
Stock Fundamentals for SIG
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.39 for the gross margin
The net margin for Signet Jewelers Ltd stands at 0.11. The total capital return value is set at 0.13. Equity return is now at value 32.07, with 12.07 for asset returns.
Based on Signet Jewelers Ltd (SIG), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is -771.12.
Currently, EBITDA for the company is 811.1 million with net debt to EBITDA at -0.18. When we switch over and look at the enterprise to sales, we see a ratio of 0.64. The receivables turnover for the company is 381.44for trailing twelve months and the total asset turnover is 1.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.
Conclusion
In summary, Signet Jewelers Ltd (SIG) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
