Signet Jewelers Limited (SIG) has been under a strong bear grip, hence the stock is down -0.06% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.79% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.85% in the last 1 week, and is up 0.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.72% and the 50-Day Moving Average is 5.76%. Signet Jewelers Limited (NYSE:SIG): stock turned positive on Friday. Though the stock opened at $90.1, the bulls momentum made the stock top out at $91.5 level for the day. The stock recorded a low of $89.85 and closed the trading day at $91.22, in the green by 0.66%. The total traded volume for the day was 709,517. The stock had closed at $90.62 in the previous days trading.
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 7.87% . Institutional Investors own 94.13% of Signet Jewelers Limited shares. During last six month period, the net percent change held by insiders has seen a change of 7.87%. Also, Equity Analysts at the Brokerage Firm, Nomura, maintains their rating on the shares of Signet Jewelers Limited (NYSE:SIG). Nomura has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $148 per share from a prior target of $169. The rating by the firm was issued on May 31, 2016.
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.