After finishing at $95.07 in the prior trading day, Signet Jewelers Ltd (NYSE: SIG) closed at $104.43, up 9.85%. In other words, the price has increased by $+9.36 from its previous closing price. On the day, 1881291 shares were traded.
Ratios:
Our goal is to gain a better understanding of SIG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.03. 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 Apr 01 ’24 when Drosos Virginia sold 45,000 shares for $99.75 per share. The transaction valued at 4,488,580 led to the insider holds 778,820 shares of the business.
Brace William sold 3,000 shares of SIG for $297,000 on Mar 27 ’24. The President – KAY Jewelers now owns 75,664 shares after completing the transaction at $99.00 per share. On Mar 25 ’24, another insider, Hilson Joan M, who serves as the * of the company, sold 8,000 shares for $92.69 each. As a result, the insider received 741,512 and left with 187,377 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 4.23B and an Enterprise Value of 4.75B. As of this moment, Signet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.04, and their Forward P/E ratio for the next fiscal year is 9.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.65 while its Price-to-Book (P/B) ratio in mrq is 2.13. Its current Enterprise Value per Revenue stands at 0.66 whereas that against EBITDA is 6.02.
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 100.15, while the 200-Day Moving Average is calculated to be 84.36.
Shares Statistics:
The stock has traded on average 708.52K shares per day over the past 3-months and 1.38M shares per day over the last 10 days, according to various share statistics. A total of 44.20M shares are outstanding, with a floating share count of 42.47M. Insiders hold about 4.56% of the company’s shares, while institutions hold 106.76% stake in the company. Shares short for SIG as of Mar 15, 2024 were 3.82M with a Short Ratio of 5.39, compared to 4.39M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.58% and a Short% of Float of 34.84%.
Dividends & Splits
In the trailing 12 months, SIG’s forward annual dividend rate was 0.92, compared to 0.92 this year. Against a Trailing Annual Dividend Yield of 0.97%, it implies a Forward Annual Dividend Yield of 1.17%. 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
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of $0.9 for the current quarter, with a high estimate of $0.99 and a low estimate of $0.75, while EPS last year was $1.78. The consensus estimate for the next quarter is $1.33, with high estimates of $1.54 and low estimates of $1.18.
Analysts are recommending an EPS of between $10.24 and $9.1 for the fiscal current year, implying an average EPS of $9.72. EPS for the following year is $10.52, with 5 analysts recommending between $11.6 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 $6.93B, while the lowest revenue estimate was $6.75B, resulting in an average revenue estimate of $6.85B. In the same quarter a year ago, actual revenue was $7.17B, down -4.50% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $7.03B 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 2.60% from the average revenue estimate for this year.
