Signet Jewelers Ltd (NYSE: SIG) closed the day trading at $91.11 up 1.23% from the previous closing price of $90.00. In other words, the price has increased by $+1.11 from its previous closing price. On the day, 976326 shares were traded. SIG stock price reached its highest trading level at $92.05 during the session, while it also had its lowest trading level at $88.91.
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Ratios:
For a better understanding of SIG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.62. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.78. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.30.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on March 21, 2024, Reiterated its Market Perform rating but revised its target price to $100 from $105 previously.
On March 15, 2024, Telsey Advisory Group reiterated its Market Perform rating and also lowered its target price recommendation from $90 to $105.
Citigroup Upgraded its Neutral to Buy on December 06, 2023, whereas the target price for the stock was revised from $93 to $119.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 04 ’24 when Edelman Oded sold 7,912 shares for $100.87 per share. The transaction valued at 798,092 led to the insider holds 25,466 shares of the business.
Drosos Virginia sold 45,000 shares of SIG for $4,566,488 on Mar 01 ’24. The Chief Executive Officer now owns 770,065 shares after completing the transaction at $101.48 per share. On Feb 26 ’24, another insider, Edelman Oded, who serves as the insider of the company, sold 7,911 shares for $105.36 each. As a result, the insider received 833,505 and left with 33,378 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SIG now has a Market Capitalization of 4.05B and an Enterprise Value of 4.58B. As of this moment, Signet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.14, and their Forward P/E ratio for the next fiscal year is 8.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57 while its Price-to-Book (P/B) ratio in mrq is 1.86. Its current Enterprise Value per Revenue stands at 0.64 whereas that against EBITDA is 5.79.
Stock Price History:
Over the past 52 weeks, SIG has reached a high of $108.79, while it has fallen to a 52-week low of $57.10. The 50-Day Moving Average of the stock is 100.04, while the 200-Day Moving Average is calculated to be 83.03.
Shares Statistics:
Over the past 3-months, SIG traded about 671.41K shares per day on average, while over the past 10 days, SIG traded about 1.18M shares per day. A total of 44.20M shares are outstanding, with a floating share count of 42.60M. Insiders hold about 4.33% of the company’s shares, while institutions hold 106.78% stake in the company. Shares short for SIG as of Feb 29, 2024 were 4.09M with a Short Ratio of 6.10, compared to 4.12M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.24% and a Short% of Float of 37.99%.
Dividends & Splits
SIG’s forward annual dividend rate is 0.92, up from 0.92 a year ago. Against a Trailing Annual Dividend Yield of 1.02%, it implies a Forward Annual Dividend Yield of 1.27%. The stock’s 5-year Average Dividend Yield is 4.36. The current Payout Ratio is 6.13% for SIG, which recently paid a dividend on May 24, 2024 with an ex-dividend date of Apr 25, 2024. Stock splits for the company last occurred on Sep 11, 2008 when the company split stock in a 1:2 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of $1.11 for the current quarter, with a high estimate of $1.61 and a low estimate of $0.75, while EPS last year was $1.78. The consensus estimate for the next quarter is $1.44, with high estimates of $1.69 and low estimates of $1.2.
Analysts are recommending an EPS of between $11.45 and $9.1 for the fiscal current year, implying an average EPS of $10.07. EPS for the following year is $10.85, with 4 analysts recommending between $13.4 and $9.3.
Revenue Estimates
A total of 6 analysts have provided revenue estimates for SIG’s current fiscal year. The highest revenue estimate was $7.33B, while the lowest revenue estimate was $6.75B, resulting in an average revenue estimate of $6.96B. In the same quarter a year ago, actual revenue was $7.17B, down -3.00% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $7.04B in the next fiscal year. The high estimate is $7.24B and the low estimate is $6.88B. The average revenue growth estimate for next year is up 1.30% from the average revenue estimate for this year.
