Over the past 12 fiscal quarters, Signet Jewelers Limited (NYSE:SIG) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 3 quarters (25%), whereas at 2 occasion EPS met analyst expectations. Shares of Signet Jewelers Limited (SIG) have dropped -8.5% since the company’s Jan-18 earnings report.SIG last reported earnings on August 30, 2018 when it released Jul-18 results that exceeded expectations. The company raked in $0.52 per share, -99.69% change on the same period last year. That was better than consensus for $0.2. Revenue for the recent quarter stood at $1.42 billion, up 1% on last year and above the $1.34 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $2.12 billion to $2.33 billion, which should be compared with $0 generated last year.
SIG’s 50 day simple moving average (SMA 50) price is $56.75 and its 200-day simple moving average (SMA 200) price is $52.56. The company’s stock currently has a total float of 51.28M shares. Its weekly volatility is hovering around 6.98% and felt 5.45% volatility in price over a month. On the upside, the share price will test short term resistance at around $43.99. On a downside, the stock is likely to find some support, which begins at $38.22. The failure to get near-term support could push it to $35.43.
Separately, it has been reported that multiple insider activity took place at Signet Jewelers Limited (SIG). CEO Drosos Virginia acquired 8,980 shares for $120,832 in transaction occurred on 2018/04/16. After making this transaction, the CEO owns a direct stake of 349,861 shares, worth $4,954,112, as per the last closing price. On 2018/01/12 Edelman Oded, President of JamesAllen.com at SIG, purchased 90,398 shares at an average price of $55.31 per share. The new stake is valued at $5,098,760.
Director, Stitzer H. Todd had invested in 2,090 shares for $16,823 through a trade on 2017/05/31. Following this activity, the insider holds 100,132 shares worth $689,743 as of recent close. Wall Street’s most bullish Signet Jewelers Limited (NYSE:SIG) analysts are predicting the share price to blow past $70 per share during the next 12 months. The current median share price forecast by them is $65, suggesting that the stock could increase 58.54% in that time frame. The average price target of $64.13 calls for a nearly 56.41% increase in the stock price.
It had seen a change in price target from analysts at Telsey Advisory Group, who reiterated the stock at Market Perform on December 03 but moved PT from $69 to $60. Analysts at Citigroup, shed their negative views on October 26 by lifting it fromSell to Neutral. The stock lost favor of Citigroup analysts who expressed their lack of confidence in it using a downgrade from Neutral to Sell on September 04.
Moreover, it trades for 9.41 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.64x price/book and 0.36x price/sales. Compared to others, Signet Jewelers Limited is in a different league with regards to profitability, having net margins of -3.2%. To put some perspective around this, the industry’s average net margin is 3.42%. SIG’s ROE is -10.3%, which is also considerably worse than the industry’s ROE of 12.11%. It’s also very liquid in the near term, with a current ratio of 2.7. The stock has a debt/capital of 0.56.
Signet Jewelers Limited (NYSE:SIG) recently claimed $2.3B as the price has approached $41. There came a -18.05% decline with the closing bell on Thursday. The stock remained range bound between $38.42 and $44.19. Trading activity significantly improved as the volume at ready counter increased to 9,374,564 shares versus 1,575,625 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,098,209 shares. The stock is now 23.83% above against its bear-market low of $33.11 on April 03, 2018. It has retreated -73.34% since it’s 52-week high of $71.07 reached in August. Now the market price is down -18.7% on the year and down -27.5% YTD.