Signet Jewelers Limited (SIG) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $101.79 to $108.42 in the past one-month time frame.
Despite 1 positive estimate revision in the past 30 days, Signet’s Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Signet Jewelers currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is negative.
However, some better-ranked stocks in the retail wholesale sector include Abercrombie & Fitch Co. (ANF), BJ's Restaurants, Inc. (BJRI) and Burlington Stores, Inc. (BURL). All of these sport the same Zacks Rank as Signet.
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