Signet Jewelers Limited (SIG) in Focus: Stock Jumps 6% – Tale of the Tape

March 27, 2015 Technicals 0

Zacks

Signet Jewelers Limited (SIG) was a big mover last session, as the company saw its shares rise over 6% on the day. The upside came after the company announced fourth-quarter 2014 better-than-expected earnings and raised the quarterly dividend by 22%. The news led to far more shares changing hands than in a normal session resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 15% since Mar 10, 2015.

None of the estimates for this retail jewelry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Signet Jewelers currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the broader retail-wholesale sector is BJ's Restaurants, Inc. (BJRI), sporting a Zacks Rank #1 (Strong Buy).

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