Signet Jewelers Limited (NYSE:SIG) has tumbled 4.75% during the past week and has dropped 20.8% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.6%. Signet Jewelers Limited (NYSE:SIG) has underperformed the index by 21.53% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Signet Jewelers Limited (NYSE:SIG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.01 and $81.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $85.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $84.90, notching a gain of 3.51% for the day. The total traded volume was 2,741,126 . The stock had closed at $82.02 on the previous day.
The company shares have dropped -35.97% from its 1 Year high price. On Oct 30, 2015, the shares registered one year high at $152.27 and the one year low was seen on Jun 16, 2016. The 50-Day Moving Average price is $99.20 and the 200 Day Moving Average price is recorded at $111.41.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Human Resources Officer) of Signet Jewelers Ltd, Becker Steven J., had purchased 475 shares in a transaction dated on June 14, 2016. The transaction was executed at $82.78 per share with total amount equaling $39,321.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Nomura maintains its rating on Signet Jewelers Limited (NYSE:SIG).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Nomura lowers the new price target from $169 per share to $148 per share. The rating by the firm was issued on May 31, 2016. Currently the company Insiders own 0.36% of Signet Jewelers Limited shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 7.1% . Institutional Investors own 96.45% of Signet Jewelers Limited shares. During last six month period, the net percent change held by insiders has seen a change of 7.1%.
Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company manages its business through four segments: the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions. The Company operates retail jewelry stores in real estate formats, including mall-based, free-standing, strip center and outlet store locations. The Company operated approximately 3,579 stores and kiosks across 4.8 million square feet of retail space.