$SIG looks to be a smart long-term play. We believe the stock is way oversold. $SIG trades at just 0.07x sales, 0.28x book, 1.12x cash, and 1.22x FCF. There's also a large short position with 23% of the float short. We believe there's more upside than downside at current levels.
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and...
SIgnet looks set to rally as online sales save the day
Signet (NYSE:SIG) reports comparable sales rose 2.3% in Q4 to top the consensus mark of +1.1%. Zales was a top-performing chain with a 5.9% comp the quarter, while Piercing Pagoda delivered a 7.7% comp.
North America comparables sales were up 2.9%, offset in part by a 3.1% drop for the international...
Small trade into earnings given the possible upside % return for very small $$$ value.
100% before noteable resistance hit @ $12.20
Much will depend on the commenatry regarding projections and supply chain.
High short interest of 22% must be thinking that time to cover is approaching, shorts will not want to get trapped in a worse case scenario for the stock.
Signet gave the shorts a bit of a squeeze yesterday and today gets its price target at Citigroup raised to $22 from $13 while the maintain a sell rating ? try figure that one out.
The stock is still in a well defined channel and until it breaks out and climbs above the 100 day moving average there is no need to be jumping into a trade.
They 2015 highs are 300%...
33% of the float in $SIG has been sold short. We are expecting a massive short squeeze to fuel $SIG higher. The latest earnings guidance is the catalyst to do so.
Signet Jewelers (NYSE:SIG) reports same store sales were up 1.6% for the two-month holiday period.
Same-store sales for the North America business were up 2.0%.
E-commerce sales rose 13.5% during the...
Entry level $16.87 = Target price $19.61= Stop loss $16
Huge 36% short interest , could fuel a massive rally if results surprise.
Company profile
Signet Jewelers Ltd. engages in retailing of jewelry, watches and associated services. It operates through the following business segment: North America, International segment, and Others. The North America segment...
Clean reversal off of the majestic .95 and a higher low on monthly. It it breaks the .95, I'll say a few prayers for the jewelry business and walk away.
@ Open placed following
SIG SEP 6 2019 12 Call @ .72 X5
SIG SEP 6 2019 10.5 PUT @ .70 X5
Market is obviously not thinking that results will be too solid as down almost 10% today.
