Is Signet Jewelers Stock a Good Investment?

Signet Jewelers Investment Advice

  SIG
To provide specific investment advice or recommendations on Signet Jewelers stock, we recommend investors consider the following general factors when evaluating Signet Jewelers. This will help you to make an informed decision on whether to include Signet Jewelers in one of your diversified portfolios:
  • Examine Signet Jewelers' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
  • Research Signet Jewelers' leadership team and their track record. Good management can help Signet Jewelers navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
  • Consider the overall health of the Other Specialty Retail space and any emerging trends that could impact Signet Jewelers' business and its evolving consumer preferences.
  • Compare Signet Jewelers' performance and market position to its competitors. Analyze how Signet Jewelers is positioned in terms of product offerings, innovation, and market share.
  • Check if Signet Jewelers pays a dividend and its dividend yield and payout ratio.
  • Review what financial analysts are saying about Signet Jewelers' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Signet Jewelers stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Signet Jewelers is a good investment.
 
Sell
 
Buy
Buy
Macroaxis provides recommendation on Signet Jewelers to complement and cross-verify current analyst consensus on Signet Jewelers. Our trade recommendation engine determines the firm's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure Signet Jewelers is not overpriced, please validate all Signet Jewelers fundamentals, including its cash and equivalents, earnings per share, and the relationship between the revenue and current ratio . Given that Signet Jewelers has a price to earning of 8.61 X, we advise you to double-check Signet Jewelers market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your current risk tolerance and investing horizon.

Market Performance

InsignificantDetails

Volatility

Very steadyDetails

Hype Condition

Low keyDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Follows the market closelyDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails

Examine Signet Jewelers Stock

Researching Signet Jewelers' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 97.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.97. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Signet Jewelers has Price/Earnings To Growth (PEG) ratio of 1.25. The entity recorded earning per share (EPS) of 15.01. The firm last dividend was issued on the 25th of April 2024. Signet Jewelers had 1:2 split on the 11th of September 2008.
To determine if Signet Jewelers is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Signet Jewelers' research are outlined below:
Over 97.0% of the company shares are owned by institutional investors
On 24th of May 2024 Signet Jewelers paid $ 0.29 per share dividend to its current shareholders
Latest headline from patch.com: Store Closures Surge In NH See List Of Retailers Shutting Doors
Signet Jewelers uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Signet Jewelers. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Signet Jewelers' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
21st of March 2024
Upcoming Quarterly Report
View
13th of June 2024
Next Financial Report
View
31st of January 2024
Next Fiscal Quarter End
View
21st of March 2024
Next Fiscal Year End
View
31st of October 2023
Last Quarter Report
View
31st of January 2023
Last Financial Announcement
View
Earnings surprises can significantly impact Signet Jewelers' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Signet Jewelers' investors have experienced.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2014-11-25
2014-10-310.180.210.0316 
2001-06-07
2001-04-300.150.20.0533 
2023-12-05
2023-10-310.180.240.0633 
2015-11-24
2015-10-310.390.33-0.0615 
2012-11-20
2012-10-310.370.430.0616 
2010-08-26
2010-07-310.410.470.0614 
2002-12-04
2002-10-310.070.01-0.0685 
2002-09-04
2002-07-310.250.310.0624 

Know Signet Jewelers' Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Signet Jewelers is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Signet Jewelers backward and forwards among themselves. Signet Jewelers' institutional investor refers to the entity that pools money to purchase Signet Jewelers' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Fuller & Thaler Asset Management Inc2023-12-31
893.2 K
Arrowstreet Capital Limited Partnership2023-12-31
851.8 K
Eminence Capital Llc2023-12-31
759.4 K
American Century Companies Inc2023-12-31
698.5 K
Brown Advisory Holdings Inc2023-12-31
697.4 K
Gmt Capital Corp2023-12-31
675 K
Charles Schwab Investment Management Inc2023-12-31
628.4 K
Citadel Advisors Llc2023-09-30
598.4 K
Northern Trust Corp2023-12-31
579.1 K
Select Equity Group Lp2023-12-31
7.4 M
Blackrock Inc2023-12-31
M
Note, although Signet Jewelers' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Signet Jewelers' market capitalization trends

The company currently falls under 'Mid-Cap' category with a total capitalization of 4.72 B.

Market Cap

5.87 Billion

Signet Jewelers' profitablity analysis

Last ReportedProjected for Next Year
Return On Tangible Assets 0.14  0.07 
Return On Capital Employed 0.13  0.12 
Return On Assets 0.12  0.06 
Return On Equity 0.29  0.14 
The company has Net Profit Margin of 0.11 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.16 %, which entails that for every 100 dollars of revenue, it generated $0.16 of operating income.
Determining Signet Jewelers' profitability involves analyzing its financial statements and using various financial metrics to determine if Signet Jewelers is a good buy. For example, gross profit margin measures Signet Jewelers' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Signet Jewelers' profitability and make more informed investment decisions.

Signet Jewelers' Earnings Breakdown by Geography

The data published in Signet Jewelers' official financial statements typically reflect Signet Jewelers' business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Signet Jewelers' quantitative information. For example, before you start analyzing numbers published by Signet accountants, it’s essential to understand Signet Jewelers' liquidity, profitability, and earnings quality within the context of the Specialty Retail space in which it operates.
Please note, the presentation of Signet Jewelers' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Signet Jewelers' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Signet Jewelers' management manipulating its earnings.

Evaluate Signet Jewelers' management efficiency

Signet Jewelers has Return on Asset of 0.0577 % which means that on every $100 spent on assets, it made $0.0577 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.3207 %, implying that it generated $0.3207 on every 100 dollars invested. Signet Jewelers' management efficiency ratios could be used to measure how well Signet Jewelers manages its routine affairs as well as how well it operates its assets and liabilities. The current Return On Tangible Assets is estimated to decrease to 0.07. The current Return On Capital Employed is estimated to decrease to 0.12. At this time, Signet Jewelers' Intangible Assets are most likely to increase significantly in the upcoming years. The Signet Jewelers' current Debt To Assets is estimated to increase to 0.23, while Other Current Assets are projected to decrease to roughly 103.1 M.
Last ReportedProjected for Next Year
Book Value Per Share 62.85  35.17 
Tangible Book Value Per Share 37.08  23.08 
Enterprise Value Over EBITDA 5.38  15.07 
Price Book Value Ratio 1.60  3.44 
Enterprise Value Multiple 5.38  15.07 
Price Fair Value 1.60  3.44 
Enterprise Value2.7 B2.6 B
The analysis of Signet Jewelers' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Signet Jewelers' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Signet Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield
0.0112
Forward Dividend Yield
0.0112
Forward Dividend Rate
1.16
Beta
2.132

Basic technical analysis of Signet Stock

As of the 13th of June 2024, Signet Jewelers has the Risk Adjusted Performance of 0.0583, semi deviation of 2.88, and Coefficient Of Variation of 1236.6. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Signet Jewelers, as well as the relationship between them. Please validate Signet Jewelers information ratio, as well as the relationship between the value at risk and expected short fall to decide if Signet Jewelers is priced more or less accurately, providing market reflects its prevalent price of 108.42 per share. Given that Signet Jewelers has jensen alpha of 0.2141, we advise you to double-check Signet Jewelers's current market performance to make sure the company can sustain itself at a future point.

Signet Jewelers' insider trading activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Signet Jewelers insiders, such as employees or executives, is commonly permitted as long as it does not rely on Signet Jewelers' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Signet Jewelers insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Understand Signet Jewelers' technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing Signet Jewelers' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

Consider Signet Jewelers' intraday indicators

Signet Jewelers intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Signet Jewelers stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Signet Jewelers Corporate Filings

29th of May 2024
Other Reports
ViewVerify
F4
22nd of May 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
16th of May 2024
Other Reports
ViewVerify
F3
16th of April 2024
An amendment to the original Schedule 13D filing
ViewVerify
Signet Jewelers time-series forecasting models is one of many Signet Jewelers' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Signet Jewelers' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Signet Stock media impact

Far too much social signal, news, headlines, and media speculation about Signet Jewelers that are available to investors today. That information is available publicly through Signet media outlets and privately through word of mouth or via Signet internal channels. However, regardless of the origin, that massive amount of Signet data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Signet Jewelers news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Signet Jewelers relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Signet Jewelers' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Signet Jewelers alpha.

Signet Jewelers Sentiment by Major News Outlets

Investor sentiment, mood or attitude towards Signet Jewelers can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Signet Jewelers Historical Investor Sentiment

Investor biases related to Signet Jewelers' public news can be used to forecast risks associated with an investment in Signet. The trend in average sentiment can be used to explain how an investor holding Signet can time the market purely based on public headlines and social activities around Signet Jewelers. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Signet Jewelers' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Signet Jewelers and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Signet Jewelers news discussions. The higher the estimate score, the more favorable the investor's outlook on Signet Jewelers.

Signet Jewelers Maximum Pain Price across 2024-06-14 Option Contracts

Signet Jewelers' options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Signet Jewelers close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Signet Jewelers' options.

Signet Jewelers Corporate Directors

Sharon McCollamIndependent DirectorProfile
Brian TilzerIndependent DirectorProfile
Nancy ReardonIndependent DirectorProfile
Zackery HicksIndependent DirectorProfile

Additional Information and Resources on Investing in Signet Stock

When determining whether Signet Jewelers is a strong investment it is important to analyze Signet Jewelers' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Signet Jewelers' future performance. For an informed investment choice regarding Signet Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Signet Jewelers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more detail on how to invest in Signet Stock please use our How to Invest in Signet Jewelers guide.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Other Specialty Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Signet Jewelers. If investors know Signet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Signet Jewelers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.138
Dividend Share
0.92
Earnings Share
15.01
Revenue Per Share
159.713
Quarterly Revenue Growth
(0.06)
The market value of Signet Jewelers is measured differently than its book value, which is the value of Signet that is recorded on the company's balance sheet. Investors also form their own opinion of Signet Jewelers' value that differs from its market value or its book value, called intrinsic value, which is Signet Jewelers' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Signet Jewelers' market value can be influenced by many factors that don't directly affect Signet Jewelers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Signet Jewelers' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Signet Jewelers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Signet Jewelers' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.