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

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 higher today making it today's featured specialty retail winner. The industry as a whole closed the day up 0.4%. By the end of trading, Signet Jewelers rose $14.38 (18.1%) to $93.65 on heavy volume. Throughout the day, 12,206,706 shares of Signet Jewelers exchanged hands as compared to its average daily volume of 1,072,700 shares. The stock ranged in a price between $88.68-$94.16 after having opened the day at $88.87 as compared to the previous trading day's close of $79.27. Other companies within the Specialty Retail industry that increased today were: Zale Corporation ( ZLC), up 40.3%, Birks Group ( BGI), up 7.3%, Lentuo International ( LAS), up 7.0% and Lithia Motors ( LAD), up 6.0%.

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 $6.4 billion and is part of the services sector. Shares are up 0.7% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Signet Jewelers a buy, no analysts rate it a sell, and 2 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 and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Hastings Entertainment ( HAST), down 5.7%, America's Car-Mart ( CRMT), down 4.9%, Mecox Lane ( MCOX), down 4.4% and Winmark Corporation ( WINA), down 3.7% , were all laggards within the specialty retail industry with Netflix ( NFLX) 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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