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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Signet Jewelers ( SIG) pushed the Specialty Retail industry lower today making it today's featured Specialty Retail laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Signet Jewelers fell $1.40 (-1.9%) to $74.21 on light volume. Throughout the day, 292,468 shares of Signet Jewelers exchanged hands as compared to its average daily volume of 466,200 shares. The stock ranged in price between $74.19-$75.95 after having opened the day at $75.73 as compared to the previous trading day's close of $75.61. Other companies within the Specialty Retail industry that declined today were: China Auto Logistics ( CALI), down 24.8%, Mecox Lane ( MCOX), down 24.0%, Hastings Entertainment ( HAST), down 7.4% and Winmark Corporation ( WINA), down 4.0%.

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 $6.0 billion and is part of the services sector. Shares are up 39.3% year to date as of the close of trading on Tuesday. Currently there are 3 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Birks & Mayors ( BMJ), up 13.9%, Zale Corporation ( ZLC), up 11.0%, Trans World Entertainment ( TWMC), up 5.1% and Hollywood Media Corporation ( HOLL), up 3.5% , were all gainers within the specialty retail industry with Sothebys ( BID) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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