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 $53.62, up 0.34% from the previous day, and has decreased 35.13% in one year. It has overperformed other stocks in the Luxury Goods industry by 0.01 percentage points. Signet Jewelers stock is currently +11% from its 52-week low of $48.31, and -52.09% from its 52-week high of $111.92.
At the moment, there are 46.25M shares of SIG outstanding. The market value of SIG is $2.48B. In the past 24 hours, 759,108 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. It's the best place to buy SIG stock.
- 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
Based on our experience, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to world financial markets: From Tech to Utilities, New York to London — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro offers a community of more than 20 million users globally. Talk to, learn from, and copy the trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs, commodities, cryptos, and foreign currencies.
Get $10 towards your your purchase of SIG shares by opening an account with eToro now.
Buy SIG StockStep 2: Sign up for your brokerage account
Now that you've selected you need brokerage, selected to fill out some personal info so you are able to invest in SIG stock today.
How to Start a New Account on eToro
- Click here to get started.
- Enter your personal details to open a new brokerage account.
- Send your information by pressing the "Create Account" button.
Step 3: Put funds into your investment account
Check out this video walkthrough for more details transferring money into your investment account.
Step 4: Research Signet Jewelers stock
It's absolutely critical to analyze stocks prior to investing, so you can wrap your head around the risk and upside.
Signet Jewelers shares quick numbers
SIG Fundamentals
WallStreetZen was built to help average investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on SIG's stock page.
Is SIG stock properly valued?
Investors use many financial metrics, analyses, models, and charts to gauge SIG's fair value.
Using relative valuations ratios:
- SIG could be undervalued based on its P/E ratio of 6.32x, relative to Luxury Goods industry P/E ratio of -3.98x
- SIG could be undervalued based on its P/B ratio of 1.81x, relative to Luxury Goods industry P/B ratio of 2.44x
- SIG may be undervalued based on its PEG ratio of 0.81x
You can do more valuation research on SIG's stock here.
How do SIG Financials look?
Positive Financial Indicators:
- SIG earnings of $557.10M is not sufficient to cover its interest payments.
- SIG's operating cash flow of $683.90M allows it to safely service it's debt of $1.35B.
- There are more short-term assets than long-term liabilities on the SIG balance sheet.
- There are more short-term assets than short-term liabilities on the SIG balance sheet.
Negative Financial Indicators:
- SIG profit margin has gone down from 8.5% to 5.5% in the past year.
- SIG has a relatively high debt to equity ratio of 3.03.
- Total SIG debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Signet Jewelers stock?
Out of 5 Wall Street analysts who give recommendations on SIG, the consensus analyst rating on SIG is a Buy
Should I buy or sell SIG stock?
Based on 5 analysts offering ratings for Signet Jewelers Ltd.
Most Recent SIG Analyst Upgrades/Downgrades
Dana Telsey, a bottom 1% analyst from Telsey Advisory Group maintains SIG with a hold rating and lowers their SIG price target from $85.00 to $72.00, on Aug 10, 2022.
Mauricio Serna, a bottom 47% analyst from UBS maintains SIG with a strong buy rating and lowers their SIG price target from $138.00 to $120.00, on Jun 10, 2022.
Paul Lejuez, a top 7% analyst from Citigroup maintains SIG with a hold rating and lowers their SIG price target from $94.00 to $76.00, on Jun 10, 2022.
Ike Boruchow, a bottom 20% analyst from Wells Fargo maintains SIG with a strong buy rating and lowers their SIG price target from $140.00 to $105.00, on Apr 5, 2022.
An analyst from UBS initiates coverage on SIG with a strong buy rating and announces their SIG price target of $140.00, on Nov 1, 2021.
You can dig deeper into what analysts are saying on the Signet Jewelers stock forecast page.
Metrics for Advanced SIG Traders
SIG Growth Numbers
Last year, SIG earnings were $434.30M. Over the last five year, SIG's earnings have increased by 5.45% per year. This was slower than the Luxury Goods industry average of 6.15%.
Last year, SIG revenue was $7.94B. Over the past five year, SIG's revenue has gone up by 4.88% per year. This was slower than the Luxury Goods industry average of 9.31%.
Learn more about SIG's earnings and revenue performance here.
Who is buying/selling SIG?
In the last 12 months, insiders at SIG have sold more shares than they have bought.
Stephen E. Lovejoy, Chief Supply Chain Officer of SIG, was the latest SIG insider to sell. They sold $373,986.00 worth of SIG shares on Sep 9, 2022.
Learn more about who owns SIG shares here.
Does SIG stock generate passive income?
Signet Jewelers pays a dividend of 1.42%, compared to the Luxury Goods industry's average dividend yield of 3.15%. If you owned $1,000 of SIG stock, you would have been paid $14.17 in the past 12 months.
Signet Jewelers dividend payments have consistently grown over the past decade but have not remained stable.
Find more analysis about Signet Jewelers dividend yield and history here.
What others are saying about SIG
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your SIG trade
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount limit, place a limit order.
Hit the Open button and eToro will place your order.
If you require additional help buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your SIG position
Now that you own some SIG stock, you'll want to keep up with your new shares.
Make a watchlist to see the latest developments about your SIG stock.
SIG Feed
How to Buy Stock in Signet Jewelers
To summarize, here are the 6 steps to buy stock in Signet Jewelers:
- 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 need a online brokerage, eToro is our recommended venue.
Start investing with eToro todayIf you want to get the latest scoop on your new investment in Signet Jewelers, create your watchlist below.
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