Signet Jewelers (SIG) Stock Price, News & Analysis

Company Overview

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile. This segment also engages in jewelry subscription business. The International segment operates stores in shopping malls and off-mall locations primarily under the H.Samuel and Ernest Jones brands in the United Kingdom, Republic of Ireland, and Channel Islands. The Other segment is involved in the purchase and conversion of rough diamonds to polished stones, as well as the provision of diamond polishing services. Signet Jewelers Limited is based in Hamilton, Bermuda.

Key Stats

• Today's Range: $93.62 to $96.82
• 50-Day Range: $86.94 to $103.14
• 52-Week Range: $72.26 to $112.06
• Volume: 661,466 shs
• Average Volume: 808,736 shs
• Market Capitalization: $4.26 billion
• P/E Ratio: 11.19
• Dividend Yield: 1.20%
• Price Target: $109.60
• Consensus Rating: Moderate Buy

Signet Jewelers Stock Analysis - MarketRank™

Signet Jewelers scored higher than 62% of companies evaluated by MarketBeat, and ranked 134th out of 215 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Signet Jewelers has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Signet Jewelers has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.83%

Earnings Growth

Earnings for Signet Jewelers are expected to grow by 5.83% in the coming year, from $10.80 to $11.43 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Signet Jewelers is 11.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Signet Jewelers is 11.19, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 117.63.

Price to Earnings Growth Ratio

Signet Jewelers has a PEG Ratio of 1.10. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Signet Jewelers has a P/B Ratio of 1.97. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

11.44% of the float of Signet Jewelers has been sold short.

Short Interest Ratio / Days to Cover

Signet Jewelers has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Signet Jewelers pays a meaningful dividend of 1.22%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Signet Jewelers does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Signet Jewelers is 13.43%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Signet Jewelers will have a dividend payout ratio of 10.15% next year. This indicates that Signet Jewelers will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -5.33

Percentage of Shares Shorted

11.44% of the float of Signet Jewelers has been sold short.

Short Interest Ratio / Days to Cover

Signet Jewelers has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.58

News Sentiment

Signet Jewelers has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Signet Jewelers this week, compared to 8 articles on an average week.

Search Interest

Only 5 people have searched for SIG on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

MarketBeat Follows

2 people have added Signet Jewelers to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Signet Jewelers insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,239,306.00 in company stock.

Percentage Held by Insiders

Only 3.26% of the stock of Signet Jewelers is held by insiders.

SIG Stock Analysis - Frequently Asked Questions

How have SIG shares performed this year?

Signet Jewelers' stock was trading at $107.26 at the start of the year. Since then, SIG shares have decreased by 9.9% and is now trading at $96.66.
View the best growth stocks for 2024 here.

How were Signet Jewelers' earnings last quarter?

Signet Jewelers Limited (NYSE:SIG) issued its earnings results on Thursday, September, 12th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.11. The firm's revenue for the quarter was down 7.6% on a year-over-year basis.

Does Signet Jewelers have any subsidiaries?

Signet Jewelers subsidiaries include these companies: R2Net, and Zale Corporation.

Who are Signet Jewelers' major shareholders?

Top institutional shareholders of Signet Jewelers include Pacer Advisors Inc. (4.41%), State Street Corp (3.99%), Geode Capital Management LLC (2.28%) and FMR LLC (2.12%). Insiders that own company stock include Virginia Drosos, Joan M Hilson, Jamie Singleton, William Brace, Rebecca Wooters, Howard A Melnick, Stephen E Lovejoy, Vincent Ciccolini, H Todd Stitzer, Mary Elizabeth Finn, Oded Edelman, Eugenia Ulasewicz, Stash Ptak, Brian A Tilzer, Zackery A Hicks and Helen Mccluskey.
View institutional ownership trends.

How do I buy shares of Signet Jewelers?

Shares of SIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Signet Jewelers own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Signet Jewelers investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), AUO (AUOTY), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH) and The RMR Group (RMR).

Company Calendar

• Ex-Dividend for 8/23 Dividend: 7/26/2024
• Dividend Payable: 8/23/2024
• Last Earnings: 9/12/2024
• Ex-Dividend for 11/22 Dividend: 10/25/2024
• Today: 11/20/2024
• Dividend Payable: 11/22/2024
• Next Earnings (Confirmed): 12/05/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: Jewelry stores
• Sub-Industry: Specialty Stores
• Current Symbol: NYSE:SIG
• CUSIP: G8127610
• CIK: 832988
• Web: www.signetjewelers.com
• Phone: (441) 296-5872
• Fax: N/A
• Employees: 27,991
• Year Founded: 1950

Price Target and Rating

• Average Stock Price Target: $109.60
• High Stock Price Target: $132.00
• Low Stock Price Target: $87.00
• Potential Upside/Downside: +13.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $8.64
• Trailing P/E Ratio: 11.19
• Forward P/E Ratio: 8.95
• P/E Growth: 1.1
• Net Income: $810.40 million
• Net Margins: 8.58%
• Pretax Margin: 5.84%
• Return on Equity: 29.90%
• Return on Assets: 9.39%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.69
• Quick Ratio: 0.39

Sales & Book Value

• Annual Sales: $6.89 billion
• Price / Sales: 0.62
• Cash Flow: $16.19 per share
• Price / Cash Flow: 5.97
• Book Value: $49.02 per share
• Price / Book: 1.97

Miscellaneous

• Outstanding Shares: 44,050,000
• Free Float: 42,614,000
• Market Cap: $4.26 billion
• Optionable: Optionable
• Beta: 2.12