Signet Jewelers Ltd (NYSE: SIG) is -28.14% lower on its value in year-to-date trading and has touched a low of $72.26 and a high of $112.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SIG stock was last observed hovering at around $74.04 in the last trading session, with the day’s loss setting it -16.04%.
Currently trading at $58.00, the stock is -26.12% and -34.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.67 million and changing -21.66% at the moment leaves the stock -36.56% off its SMA200. SIG registered -42.08% loss for a year compared to 6-month loss of -33.09%. The firm has a 50-day simple moving average (SMA 50) of $89.3158 and a 200-day simple moving average (SMA200) of $91.634.
The stock witnessed a -31.77% gain in the last 1 month and extending the period to 3 months gives it a -39.68%, and is -24.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.45% over the week and 4.20% over the month.
Signet Jewelers Ltd (SIG) has around 27991 employees, a market worth around $2.52B and $6.85B in sales. Current P/E ratio is 6.67 and Fwd P/E is 5.71. Profit margin for the company is 7.03%. Distance from 52-week low is -19.73% and -48.24% from its 52-week high. The company has generated returns on investments over the last 12 months (16.58%).
with sales reaching $2.41B over the same period.The EPS is expected to shrink by -8.79% this year, but quarterly earnings will post -5.69% year-over-year. Quarterly sales are estimated to shrink -3.56% in year-over-year returns.
Signet Jewelers Ltd (SIG) Top Institutional Holders
445.0 institutions hold shares in Signet Jewelers Ltd (SIG), with institutional investors hold 112.55% of the company’s shares. The shares outstanding are 43.50M, and float is at 41.74M with Short Float at 11.94%. Institutions hold 109.14% of the Float.
The top institutional shareholder in the company is SELECT EQUITY GROUP, L.P. with over 6.95 million shares valued at $622.56 million. The investor’s holdings represent 15.5825% of the SIG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.76 million shares valued at $605.73 million to account for 15.1611 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.88 million shares representing 10.9492% and valued at over $437.45 million, while DIMENSIONAL FUND ADVISORS LP holds 5.3515 of the shares totaling 2.39 million with a market value of $213.81 million.
Signet Jewelers Ltd (SIG) Insider Activity
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Signet Jewelers Ltd disclosed in a document filed with the SEC on Mar 26 ’24 that Edelman Odedsold a total of 1,695 shares of the company’s common stock. The trade occurred on Mar 26 ’24 and was made at $95.02 per share for $0.16 million. Following the transaction, the insider now directly holds 16971.0 shares of the SIG stock.
Still, SEC filings show that on Oct 24 ’24, Ciccolini Vincent (Chief Accounting Officer) disposed off 5,000 shares at an average price of $92.38 for $0.46 million. The insider now directly holds 41,036 shares of Signet Jewelers Ltd (SIG).
