Signet Jewelers Ltd (NYSE:SIG) price on current trading day, rose 2.96% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $58.33.
A look at the stock’s price movement, the level at last check in today’s session was $56.65, moving within a range at $56.4 and $59.25. The beta value (5-Year monthly) was 2.206 while the PE ratio in trailing twelve months stood at 6.71. Turning to its 52-week performance, $112.06 and $45.55 were the 52-week high and 52-week low respectively. Overall, SIG moved 4.68% over the past month.
Signet Jewelers Ltd’s market cap currently stands at around $2.54 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-18. The company has a Forward Dividend ratio of 1.16, with its dividend yield at 1.99%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.52B for the company’s revenue for the quarter, with a low and high estimate of 1.48B and 1.55B respectively. The average forecast suggests up to a 0.55% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 6.73B, representing a 0.41% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SIG is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend SIG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SIG’s current price about 15.94% and 4.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.16, while 7-day volatility ratio is 4.96% and 5.27% in the 30-day chart. Further, Signet Jewelers Ltd (SIG) has a beta value of 1.67, and an average true range (ATR) of 3.19. Analysts have given the company’s stock an average 52-week price target of $110, forecast between a low of $110 and high of $110. Looking at the price targets, the low is -88.58% off recent price level in today’s trading while to achieve the yearly target high, it has to move -88.58%. Nonetheless, investors will most likely welcome a -88.58% jump to $110 which is the analysts’ median price.
If we refocus on Signet Jewelers Ltd (NYSE:SIG), historical trading data shows that trading volumes averaged 1.61 over the past 10 days and 1.65 million over the past 3 months. The company’s latest data on shares outstanding shows there are 43.49 million shares.
The 4.08% of Signet Jewelers Ltd’s shares are in the hands of company insiders while institutional holders own 110.71% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.61 million on 2025-02-28, giving us a short ratio of 3.29. The data shows that as of 2025-02-28 short interest in Signet Jewelers Ltd (SIG) stood at 2028.0 of shares outstanding, with shares short rising to 3.8 million registered in 2025-01-31. Current price change has pushed the stock -27.74% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SIG stock continues to rise going into the next quarter.
