While Signet Jewelers Ltd has underperformed by -1.00%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SIG fell by -47.13%, with highs and lows ranging from $112.06 to $52.09, whereas the simple moving average fell by -37.69% in the last 200 days.
On January 15, 2025, Telsey Advisory Group Reiterated Signet Jewelers Ltd (NYSE: SIG) to Market Perform. A report published by Telsey Advisory Group on September 09, 2024, Reiterated its previous ‘Market Perform’ rating for SIG. Citigroup also reiterated SIG shares as ‘Buy’, quoting a target price of $119 on the company’s shares in a report dated June 14, 2024. Telsey Advisory Group Reiterated the rating as Market Perform on April 04, 2024, but set its price target from $100 to $110. Telsey Advisory Group resumed its ‘Market Perform’ rating for SIG, as published in its report on March 21, 2024. Telsey Advisory Group’s report from March 15, 2024 suggests a price prediction of $105 for SIG shares, giving the stock a ‘Market Perform’ rating. Citigroup also rated the stock as ‘Buy’.
Analysis of Signet Jewelers Ltd (SIG)
It’s important to note that SIG shareholders are currently getting $1.16 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter decrease in sales is -3.05%, showing a negative trend in the upcoming months.
Signet Jewelers Ltd’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 29.15% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.23, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and SIG is registering an average volume of 1.45M. On a monthly basis, the volatility of the stock is set at 4.61%, whereas on a weekly basis, it is put at 4.29%, with a loss of -3.79% over the past seven days. Furthermore, long-term investors anticipate a median target price of $82.00, showing growth from the present price of $54.36, which can serve as yet another indication of whether SIG is worth investing in or should be passed over.
How Do You Analyze Signet Jewelers Ltd Shares?
A giant in the Luxury Goods market, Signet Jewelers Ltd (SIG) is based in the Bermuda. When comparing Signet Jewelers Ltd shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 6.26, there is a growth in quarterly earnings of 83.59%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.09%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 102.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SIG shares are owned by institutional investors to the tune of 102.70% at present.
