Signet Jewelers Ltd (NYSE:SIG) has a beta value of 2.15 and has seen 1.55 million shares traded in the recent trading session. The company, currently valued at $4.01B, closed the recent trade at $90.55 per share which meant it lost -$11.91 on the day or -11.62% during that session. The SIG stock price is -20.14% off its 52-week high price of $108.79 and 36.94% above the 52-week low of $57.10. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.69 million shares traded. The 3-month trading volume is 600.44K shares.
Signet Jewelers Ltd (NYSE:SIG) trade information
Sporting -11.62% in the red today, the stock has traded in the red over the last five days, when the SIG stock price touched $90.55 or saw a rise of 11.99%. Year-to-date, Signet Jewelers Ltd shares have moved -15.58%, while the 5-day performance has seen it change -8.50%. Over the past 30 days, the shares of Signet Jewelers Ltd (NYSE:SIG) have changed -15.75%. Short interest in the company has seen 4.09 million shares shorted with days to cover at 7.41.
Signet Jewelers Ltd (SIG) estimates and forecasts
Figures show that Signet Jewelers Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 20.70% over the past 6 months, with this year growth rate of -15.59%, compared to -17.20% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 15.40% and -14.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be -8.00%.
6 analysts offering their estimates for the company have set an average revenue estimate of $2.55 billion for the current quarter. 5 have an estimated revenue figure of $1.61 billion for the next quarter concluding in Apr 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -4.10% over the past 5 years. Earnings growth for 2024 is a modest 1.96% while over the next 5 years, the company’s earnings are expected to increase by 7.00%.
SIG Dividends
Signet Jewelers Ltd is expected to release its next earnings report on March 20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.92 at a share yield of 1.02%. The company’s dividend yield has gone up over the past 12 months.
Signet Jewelers Ltd (NYSE:SIG)’s Major holders
Insiders own 3.17% of the company shares, while shares held by institutions stand at 108.12% with a share float percentage of 111.66%. Investors are also buoyed by the number of investors in a company, with Signet Jewelers Ltd having a total of 401 institutions that hold shares in the company. The top two institutional holders are Select Equity Group, Inc. with over 7.44 million shares worth more than $669.71 million. As of Dec 30, 2023, Select Equity Group, Inc. held 16.80% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 7.02 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $631.35 million and represent 15.84% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of Jan 30, 2024, the former fund manager holds about 6.88% shares in the company for having 3.05 million shares of worth $274.5 million while later fund manager owns 1.35 million shares of worth $121.9 million as of Dec 30, 2023, which makes it owner of about 3.06% of company’s outstanding stock.
