Signet Jewelers Ltd. (SIG): Today's Featured Specialty Retail Loser

Signet Jewelers ( SIG) pushed the Specialty Retail industry lower today making it today's featured Specialty Retail loser. The industry as a whole closed the day down 2.3%. By the end of trading, Signet Jewelers fell $1.83 (-4%) to $43.85 on average volume. Throughout the day, 1.1 million shares of Signet Jewelers exchanged hands as compared to its average daily volume of 730,500 shares. The stock ranged in price between $43.80-$45.72 after having opened the day at $45.64 as compared to the previous trading day's close of $45.68. Other company's within the Specialty Retail industry that declined today were: Mecox Lane ( MCOX), down 17.7%, iParty Corporation ( IPT), down 10.5%, Barnes & Noble ( BKS), down 8.8%, and Lithia Motors ( LAD), down 8.4%.

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. Signet Jewelers has a market cap of $3.92 billion and is part of the services sector. The company has a P/E ratio of 12.2, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 3.9% year to date as of the close of trading on Wednesday. Currently there are five analysts that rate Signet Jewelers a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Signet Jewelers as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, revenue growth, attractive valuation levels, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the specialty retail industry could consider SPDR S&P Retail ETF ( XRT) while those bearish on the specialty retail industry could consider ProShares Ultra Sht Consumer Goods ( SZK).
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