In the last trading session, 1.9 million Signet Jewelers Ltd (NYSE:SIG) shares changed hands as the company’s beta touched 1.74. With the company’s per share price at $48.30 changed hands at -$0.05 or -0.10% during last session, the market valuation stood at $2.10B. SIG’s last price was a discount, traded about -132.01% off its 52-week high of $112.06. The share price had its 52-week low at $45.55, which suggests the last value was 5.69% up since then. When we look at Signet Jewelers Ltd’s average trading volume, we note the 10-day average is 1.2 million shares, with the 3-month average coming to 1.57 million.
Analysts gave the Signet Jewelers Ltd (SIG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.88. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SIG as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Signet Jewelers Ltd’s EPS for the current quarter is expected to be 6.25.
Signet Jewelers Ltd (NYSE:SIG) trade information
Instantly SIG was in red as seen at the end of in last trading. With action 2.20%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -40.16%, with the 5-day performance at 2.20% in the green. However, in the 30-day time frame, Signet Jewelers Ltd (NYSE:SIG) is -10.06% down. Looking at the short shares, we see there were 4.61 million shares sold at short interest cover period of 3.29 days.
The consensus price target for the stock as assigned by Wall Street analysts is 110, meaning bulls need an upside of 56.09% from its current market value. According to analyst projections, SIG’s forecast low is 110 with 110 as the target high. To hit the forecast high, the stock’s price needs a -127.74% plunge from its current level, while the stock would need to soar -127.74% for it to hit the projected low.
Signet Jewelers Ltd (SIG) estimates and forecasts
Year-over-year growth is forecast to reach -6.81% down from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 2.33B. 5 analysts are of the opinion that Signet Jewelers Ltd’s revenue for the current quarter will be 1.5B. The company’s revenue for the corresponding quarters a year ago was 2.5B and 1.51B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -6.64%. The estimates for the next quarter sales put growth at -0.48%.
The 2025 estimates are for Signet Jewelers Ltd earnings to decrease by -16.26%, but the outlook for the next 5-year period is at -0.11% per year.
SIG Dividends
Signet Jewelers Ltd is expected to release its next quarterly earnings report on 2024-Dec-04. The 2.40% annual yield figure for the share gives it an annual dividend of 1.16. It is important to note, however, that the 2.40% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.36 per year.
Signet Jewelers Ltd (NYSE:SIG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.05% of Signet Jewelers Ltd shares while 111.14% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 114.63%. There are 111.14% institutions holding the Signet Jewelers Ltd stock share, with SELECT EQUITY GROUP, L.P. the top institutional holder. As of 2024-06-30, the company held 15.6175% of the shares, roughly 6.95 million SIG shares worth $622.56 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 15.1611% or 6.76 million shares worth $605.73 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were iShares Core S&P Smallcap ETF and Pacer Small Cap U.S. Cash Cows 100 ETF . With 2.83 shares estimated at $136.82 million under it, the former controlled 6.51% of total outstanding shares. On the other hand, Pacer Small Cap U.S. Cash Cows 100 ETF held about 4.41% of the shares, roughly 1.92 shares worth around $92.57 million.
