4.7 C
New York
Wednesday, December 6, 2023

Is Signet Jewelers Ltd (NYSE: SIG) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Signet Jewelers Ltd (SIG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.35, or 0.43%, to $82.00. The Signet Jewelers Ltd has recorded 14,718 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that SIGNET JEWELERS ANNOUNCES TIMING OF FISCAL 2024 THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL.

Stocks Info

SIG belongs to the Consumer Cyclical sector of the NYSE while operating in the Luxury Goods industry. At the end of the last regular session, the stock closed at $81.65 and fluctuated between $84.54 as its day high and $79.71 as its day low. The current market capitalization of Signet Jewelers Ltd is $3.67B. A total of 1.05 million shares were traded on the day, compared to an average of 678.14K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SIG has seen 0 BUY and 18 SELL insider trades, representing the acquisition of 0 and the disposition of 92,194 shares. Over the last 12 months, there were 34 BUYs and 96 SELLs from insiders. Insiders purchased 476,899 shares during that period but sold 831,567.

In the most recent transaction, Melnick Howard A sold 2,000 shares of SIG for 75.00 per share on Nov 03. After the transaction, the Chief Information Officer now owns 76,510 company shares. In a previous transaction on Oct 23, Edelman Oded sold 6,600 shares at 71.80 per share. SIG shares that the insider owns now total 71,702.

Among the insiders who sold shares, Edelman Oded disposed of 6,800 shares on Oct 20 at a per-share price of $72.98. This resulted in the insider holding 78,302 shares of SIG after the transaction. In another insider transaction, Drosos Virginia sold 10,000 shares at $72.96 per share on Oct 17. Company shares held by the Chief Executive Officer now total 987,740.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Signet Jewelers Ltd pays an annual dividend of $0.95, resulting in a dividend yield of 1.16%, and it has a price to earnings (P/E) ratio of 9.63. SIG’s most recent ex-dividend date was 10/26/2023 when it declared a $0.23 quarterly dividend that was paid in cash on 11/24/2023. Previously, the company paid the dividend on 8/25/2023 with an ex-dividend date of 7/27/2023. The SIG stock dividend was $0.23 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SIG in the last 3 months, the mean price target is $88.00 with high estimates of $100.00 and low estimates of $82.00. In terms of 52-week highs and lows, SIG has a high of $83.42 and a low of $57.10.

As of this writing, SIG has an earnings estimate of $0.19 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.29 per share and a lower estimate of $0.1. The company reported an EPS of $1.78 in the last quarter, which was 19.50% higher than expectations of $1.49.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SIG’s latest balance sheet shows that the firm has $1.42B in Cash & Short Term Investments as of fiscal 2022. There were $1.45B in debt and $2.07B in liabilities at the time. Its Book Value Per Share was $36.03, while its Total Shareholder’s Equity was $2.22B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SIG is Buy with a score of 3.50.

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles