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Signet Jewelers Ltd (SIG) – Don’t Be So Quick to Call it Dead

SQ

Signet Jewelers Ltd (NYSE: SIG) is -16.95% lower on its value in year-to-date trading and has touched a low of $45.55 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 $66.67 in the last trading session, with the day’s gains setting it 0.36%.

Currently trading at $67.03, the stock is 9.63% and 16.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing 0.54% at the moment leaves the stock -10.51% off its SMA200. SIG registered -32.59% loss for a year compared to 6-month loss of -31.65%.

The stock witnessed a 21.04% gain in the last 1 month and extending the period to 3 months gives it a 27.19%, and is 3.52% up 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 3.69% over the week and 3.89% over the month.

Signet Jewelers Ltd (SIG) has around 27595 employees, a market worth around $2.88B and $6.70B in sales. Fwd P/E is 7.35. Profit margin for the company is -0.53%. Distance from 52-week low is 47.16% and -40.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.29%).

The EPS is expected to shrink by -7.93% this year

The shares outstanding are 43.20M, and float is at 41.08M with Short Float at 13.86%.

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 15.6175 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 15.1952 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.88 million shares representing 10.9738 and valued at over $437.45 million, while DIMENSIONAL FUND ADVISORS LP holds 5.3636 of the shares totaling 2.39 million with a market value of $213.81 million.

Signet Jewelers Ltd (SIG) Insider Activity

The most recent transaction is an insider sale by Branch Andre, the company’s Director. SEC filings show that Branch Andre sold 5,679 shares of the company’s common stock on May 08 ’25 at a price of $65.00 per share for a total of $0.37 million. Following the sale, the insider now owns 6536.0 shares.

Still, SEC filings show that on Apr 25 ’25, McCluskey Helen (Director) acquired 1,700 shares at an average price of $58.86 for $0.1 million. The insider now directly holds 31,916 shares of Signet Jewelers Ltd (SIG).

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