How to Buy Signet Jewelers Stock
Signet Jewelers Ltd
Signet Jewelers is a luxury company located in Bermuda, which is part of the Consumer Cyclical sector, and is traded under the ticker SIG on the NYSE exchange.
Signet Jewelers stock last closed at $93.98, down 2.57% from the previous day, and has increased 20.29% in one year. It has overperformed other stocks in the Luxury Goods industry by 0.26 percentage points. Signet Jewelers stock is currently +64.59% from its 52-week low of $57.10, and -13.91% from its 52-week high of $109.17.
At the moment, there are 44.5M shares of SIG outstanding. The market value of SIG is $4.18B. In the past 24 hours, 507,077 SIG shares were traded.
How to Buy Signet Jewelers Stock
Not sure how to invest in Signet Jewelers stock? Here's how.
- Figure out where to buy Signet Jewelers stock: You need to pick an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Signet Jewelers stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Select your payment method and add your info.
- Research Signet Jewelers stock: The Signet Jewelers ticker symbol is SIG. Is Signet Jewelers stock a good investment? Should you buy shares of SIG? How do SIG's underlying business fundamentals look? Do top analysts think Signet Jewelers is a good buy? Why has SIG's stock price moved recently? (Hint: Our stock analysis website can help you figure out if SIG is a good stock to buy).
- Place your SIG trade: Decide if you will purchase SIG shares at the current market price or use a limit order to purchase SIG shares at a given price.
- Keep tabs on your SIG position: Create a watchlist to important notifications about your investment in Signet Jewelers shares.
Step 1: Figure out where to buy Signet Jewelers stock
You need an online brokerage account in order to access the NYSE market and buy SIG shares.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the right brokerage, you need to fill out some personal details so you are able to invest in SIG stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start a new trading account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've created your account on one of the best stock apps, you can securely and quickly fund your account:
Watch the walkthrough below to see the process of depositing money into your brokerage account.
Step 4: Research Signet Jewelers stock
Once you have chosen the best place to buy Signet Jewelers stock, it's crucial to research their stock prior to investing, so you can wrap your head around the risk and opportunity.
Signet Jewelers Metrics
Signet Jewelers Fundamentals
WallStreetZen was designed to help part-time investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on SIG's stock page.
How is SIG stock valued?
You can use many financial metrics, analyses, models, and charts to gauge SIG's true value.
Using relative valuations measures:
- SIG may be undervalued based on its P/E ratio of 5.44x, relative to Luxury Goods industry P/E ratio of 11.17x
- SIG may be undervalued based on its P/B ratio of 1.93x, relative to Luxury Goods industry P/B ratio of 2.46x
- SIG could be undervalued based on its PEG ratio of 0.09x
You can do more valuation research on SIG's stock here.
SIG Financial Overview
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the SIG balance sheet.
- SIG's operating cash flow of $546.90M allows it to safely service it's debt of $1.24B.
- Total SIG debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the SIG balance sheet.
- SIG earnings of $621.10M is not sufficient to cover its interest payments.
- SIG profit margin has gone up from 4.4% to 10.8% in the past year.
Negative Financial Indicators:
- SIG has a relatively high debt to equity ratio of 1.84.
Is Signet Jewelers stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 5 Wall Street analysts who give recommendations on SIG, the consensus analyst rating on SIG is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Signet Jewelers stock forecast page.
SIG Trading Indicators
SIG Growth Numbers
Last year, SIG earnings were $775.90M. In the past four year, SIG's earnings have increased by 87.44% per year. This was faster than the Luxury Goods industry average of 19.88%.
Last year, SIG revenue was $7.17B. In the last 5 year, SIG's revenue has gone up by 2.8% per year. This was slower than the Luxury Goods industry average of 4.78%.
You can research SIG's earnings and revenue performance here.
Who is buying/selling SIG?
In the last year, insiders at SIG have sold more shares than they have bought.
H. Todd Stitzer, Director of SIG, was the latest SIG insider to sell. They sold $500,360.00 worth of SIG shares on Apr 10, 2024.
Learn more about who owns SIG shares here.
Can I get consistent income from SIG stock?
Signet Jewelers pays a dividend of 0.98%, compared to the Luxury Goods industry's average dividend yield of 3.32%. If you owned $1,000 of SIG stock, you would have received $9.79 in the past 12 months.
Signet Jewelers dividend payments have consistently grown over the past decade but have not remained stable.
Get more data about Signet Jewelers dividend yield and history here.
What others are saying about SIG
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your SIG trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price limit, use a limit order.
Click the Open Trade button and eToro will place the order.
If you need additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your SIG position
Now that you own some shares in SIG, you'll want to keep up with your company.
Create a watchlist to get notified of important updates regarding your SIG stock.
SIG Feed
How to Buy Stock in Signet Jewelers
To reiterate, here are the 6 steps for buying Signet Jewelers stock:
- Figure out where to buy Signet Jewelers stock
- Sign up for your brokerage account
- Put funds into your investment account
- Research Signet Jewelers stock
- Place your SIG trade
- Keep tabs on your SIG position
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Signet Jewelers, click below.
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