Signet Jewelers Reaches New 52-Week High (SIG)

NEW YORK ( TheStreet) -- Signet Jewelers (NYSE: SIG) hit a new 52-week high Friday as it is currently trading at $48.31, above its previous 52-week high of $48.30 with 98,651 shares traded as of 11:35 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Signet Jewelers has a market cap of $4.1 billion and is part of the services sector and specialty retail industry. Shares are up 9.1% year to date as of the close of trading on Thursday.

Signet Jewelers Limited operates as a specialty jewelry retailer in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. The company retails jewelry, watches, and associated services. The company has a P/E ratio of 15.1, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Signet Jewelers as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Signet Jewelers Ratings Report.

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