Signet Jewelers (SIG, Financial) saw its stock price rise by 1.38%, reaching $100.03 per share. Trading volume stood at 216,202 shares, with a turnover rate of 0.49% and a price fluctuation of 2.81%.
Recent financial reports show the company earned $1.491 billion in revenue with a net loss of $98.5 million, translating to an earnings per share (EPS) of -$2.28. The company's gross profit was $566 million, resulting in a price-to-earnings (P/E) ratio of 11.53.
Analyst ratings indicate a split opinion among eight participating institutions, with 50% recommending a buy and the other 50% suggesting a hold. No institutions recommended selling the stock.
Despite Signet Jewelers' (SIG, Financial) stock movement, the luxury goods sector faced an overall decline of 2.08%. Within the sector, stocks like Myt Netherlands Parent Bv, The Realreal, Inc., and Birks Group Inc. exhibited notable gains. These stocks, along with Signet Jewelers, showed active trading with turnover rates of 2.06%, 0.74%, and 0.49%, respectively. Stocks with significant price fluctuations included Myt Netherlands Parent Bv at 20.82%, The Realreal, Inc. at 6.35%, and Brilliant Earth Group, Inc. at 3.13%.
Signet Jewelers Ltd specializes in diamond retail, offering products such as bridal, fashion, and celebration jewelry. The company operates in North America and internationally, with North America contributing the most to its revenue from mall-based, off-mall stores, and outlet centers.
