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

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 lower today making it today's featured Specialty Retail laggard. The industry as a whole was unchanged today. By the end of trading, Signet Jewelers fell $0.95 (-1.3%) to $70.68 on heavy volume. Throughout the day, 1,270,423 shares of Signet Jewelers exchanged hands as compared to its average daily volume of 710,200 shares. The stock ranged in price between $69.18-$71.25 after having opened the day at $71.10 as compared to the previous trading day's close of $71.63. Other companies within the Specialty Retail industry that declined today were: Lentuo International ( LAS), down 3.7%, Charles & Colvard ( CTHR), down 2.8%, Sport Chalet ( SPCHB), down 2.5% and Coinstar ( CSTR), down 2.5%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $6.2 billion and is part of the services sector. The company has a P/E ratio of 16.5, below the S&P 500 P/E ratio of 17.7. Shares are up 34.1% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Signet Jewelers a buy, no analysts rate it a sell, and 3 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 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 positive front, Mecox Lane ( MCOX), down 3.7%, Barnes & Noble ( BKS), down 3.3%, HSN ( HSNI), down 2.3% and Winmark Corporation ( WINA), down 2.0% , were all gainers within the specialty retail industry with PetSmart ( PETM) being today's featured specialty retail industry leader.

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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
null

If you liked this article you might like

Jim Cramer: Looking for Treasure in the Cellar

Jim Cramer: Looking for Treasure in the Cellar

Don't Get Caught Out in the Cold: Cramer's 'Mad Money' Recap (Friday 1/5/18)

Don't Get Caught Out in the Cold: Cramer's 'Mad Money' Recap (Friday 1/5/18)

Cramer: Looking for Treasure in the Cellar

Cramer: Looking for Treasure in the Cellar

Bitcoin Rebounds Instead of Collapsing, and That's Impressive

Bitcoin Rebounds Instead of Collapsing, and That's Impressive

What Amazon Effect? 8 Favorite Stocks in Specialty Retailing

What Amazon Effect? 8 Favorite Stocks in Specialty Retailing