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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Signet Jewelers ( SIG) pushed the Specialty Retail industry higher today making it today's featured specialty retail winner. The industry as a whole closed the day down 0.1%. By the end of trading, Signet Jewelers rose $0.69 (1.0%) to $67.85 on average volume. Throughout the day, 555,363 shares of Signet Jewelers exchanged hands as compared to its average daily volume of 651,800 shares. The stock ranged in a price between $67.15-$68.27 after having opened the day at $67.29 as compared to the previous trading day's close of $67.16. Other companies within the Specialty Retail industry that increased today were: Sport Chalet ( SPCHB), up 10.3%, Bluefly ( BFLY), up 5.8%, Trans World Entertainment ( TWMC), up 5.5% and Penske Automotive Group ( PAG), up 5.4%.
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Signet Jewelers Limited engages in the retail sale of jewelry and watches in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. The company operates through US and UK divisions. Signet Jewelers has a market cap of $5.5 billion and is part of the services sector. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are up 25.8% year to date as of the close of trading on Friday.

TheStreet Ratings rates Signet Jewelers as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Lentuo International ( LAS), down 31.7%, Mecox Lane ( MCOX), down 8.8%, Hastings Entertainment ( HAST), down 3.3% and MarineMax ( HZO), down 3.2% , were all laggards within the specialty retail industry with Coinstar ( CSTR) being today's specialty retail industry laggard.

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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