Signet Jewelers (SIG, $66.92) raises its revenue guidance
Diamond jewelry retail company Signet Jewelers boosted its revenue outlook for the first quarter to between $1.57 billion and $1.6 billion, from its prior estimate of $1.42 billion to $1.46 billion.
Signet said that it has experienced stronger than expected conversion and average ticket values in the first quarter.
For the full year, Signet expects to generate revenue between $6 billion and $6.14 billion, a higher range compared to its prior outlook of $5.85 billion to $6 billion.
According to Signet, its revenue is likely benefitting from combination of “traction from strategic initiatives as well as tailwinds from stimulus, tax refunds and consumer enthusiasm on the heels of vaccine rollouts".
Last month, Signet reported adjusted earnings of $4.15 per share, which exceeded the FactSet analyst consensus of $3.54 per share. Sales rose +1.5% year-over-year to $2.2 billion, ahead of the FactSet consensus of $2.1 billion.
SIG's RSI Indicator climbs out of oversold territory
The RSI Indicator for SIG moved out of oversold territory on May 25, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 30 similar instances when the indicator left oversold territory. In 26 of the 30 cases the stock moved higher. This puts the odds of a move higher at 87%.
Current price $60.98 crossed the support line at $56.56 and is trading between $75.03 support and $56.56 support lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a -13% Downtrend, while the week of 05/19/22 - 05/26/22 shows a +8% Uptrend.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 46 of 54 cases where SIG's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 85%.
Following a +21.37% 3-day Advance, the price is estimated to grow further. Considering data from situations where SIG advanced for three days, in 298 of 357 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.
SIG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on April 26, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on SIG as a result. In 72 of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 85%.
The Moving Average Convergence Divergence Histogram (MACD) for SIG turned negative on April 26, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In 35 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 71%.
SIG moved below its 50-day Moving Average on May 05, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for SIG crossed bearishly below the 50-day moving average on May 05, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SIG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 78%.
The Aroon Indicator for SIG entered a downward trend on May 26, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 72%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.47.
The Tickeron SMR rating for this company is 9 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 33 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.848) is normal, around the industry mean (4.537). P/E Ratio (4.990) is within average values for comparable stocks, (45.383). SIG's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.875). Dividend Yield (0.012) settles around the average of (0.026) among similar stocks. P/S Ratio (0.491) is also within normal values, averaging (3.862).
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 63 (best 1 - 100 worst), indicating fairly steady price growth. SIG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 89 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 90 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SIG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock worse than average.
‘Other Consumer Specialties’ represents an industry that typically sells durable consumer products, but do not have a classification in another category. The products include jewelry, smoke detectors, watches, collectibles and safety products. MSA Safety (makes products which enhances the safety and health of workers and protect facility infrastructures), Matthews International (memorialization business), Fitbit (makes wireless-enabled wearable technology devices that gauge data such as the number of steps walked, heart rate, quality of sleep), and Fossil Group (makes watches and accessories) have some of the largest market caps in this group.
The average market capitalization across the Other Consumer Specialties Industry is 27.3B. The market cap for tickers in the group ranges from 28.3K to 296.3B. LVMUY holds the highest valuation in this group at 296.3B. The lowest valued company is FSPM at 28.3K.
The average weekly price growth across all stocks in the Other Consumer Specialties Industry was -0.35%. For the same Industry, the average monthly price growth was -4.69%, and the average quarterly price growth was -26.36%. SSOK experienced the highest price growth at 91.15%, while FJHL experienced the biggest fall at -58.4%.
- 4/26/22 5:09 AM: Signet Jewelers (SIG, $74.16) was a top loser this week, declining -5.46%. Expect a Downtrend reversal
- 4/15/22 4:35 AM: Signet Jewelers (SIG, $77.55) was a top weekly gainer, with a +13.88% jump
- 3/29/22 5:17 AM: Signet Jewelers (SIG, $76.23) was a top loser this week, declining -7.15%
The average weekly volume growth across all stocks in the Other Consumer Specialties Industry was -0.47%. For the same stocks of the Industry, the average monthly volume growth was 37.12% and the average quarterly volume growth was 61.71%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the 15 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 43%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.27.
50 stocks in the group of tickers exhibit a similar negative trend based on the Aroon indicator with an average likelihood of 74%.
The most notable companies in this group are Costco Wholesale Corp (NASDAQ:COST), Target Corp (NYSE:TGT), AutoZone (NYSE:AZO), Tractor Supply Company (NASDAQ:TSCO), Ulta Beauty (NASDAQ:ULTA), Advance Auto Parts (NYSE:AAP), RH (NYSE:RH), Just Eat Takeaway.com NV (OTC:JTKWY), Signet Jewelers Limited (NYSE:SIG), Bed Bath & Beyond (NASDAQ:BBBY).
The average market capitalization across the group is 7.3B. The market cap for tickers in the group ranges from 64K to 206.1B. COST holds the highest valuation in this group at 206.1B. The lowest valued company is CHNO at 64K.
- 5/19/22 8:24 AM: Target (TGT, $161.61), market cap dropped by $24.9B
The average weekly price growth across all stocks in the group was 2.84%. For the same group, the average monthly price growth was -9.47%, and the average quarterly price growth was -17.35%. CYYHF experienced the highest price growth at 43.87%, while FJHL experienced the biggest fall at -58.4%.
- 5/25/22 7:32 AM: CarMax (KMX, $90.79) was a top loser this week, declining -6.85%
- 5/25/22 7:32 AM: China Yongda Automobile Svcs (CYYHF, $0.87) was a top weekly gainer, with a +43.87% jump
- 5/24/22 7:01 AM: Monro (MNRO, $42.98) was a top loser this week, declining -6.34%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the group was 164.86%. For the same stocks of the group, the average monthly volume growth was 215.05% and the average quarterly volume growth was 245.45%
- 5/17/22 6:45 AM: The volume for Vroom stock increased for four consecutive days, resulting in a record-breaking daily growth of 182% of the 65-Day Volume Moving Average
- 5/14/22 4:17 AM: The volume for Vroom stock increased for three consecutive days, resulting in a record-breaking daily growth of 191% of the 65-Day Volume Moving Average
- 5/12/22 5:33 AM: The volume for Vroom stock increased for one day, resulting in a record-breaking daily growth of 283% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows