Signet Jewelers: Shares Taking A Beating, But A Positive Inflection Approaches

  • Signet Jewelers Limited is currently a cheap stock, but has been mostly sideways due to economic uncertainty and lack of growth.
  • Despite sales being down, Signet is seeing positive impact from its membership program and expects positive same store sales in the second half of Fiscal 25.
  • The company’s financials show a decrease in sales and net income, but an improvement in gross margin and adjusted EPS, making it a potential buying opportunity in the mid-$90s.
  • After a previously successful swing trade, the stock sets up again for another trading opportunity.
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Signet Jewelers Limited (NYSE:SIG), is by all accounts, a very cheap stock on many valuation measures. But why? After we highlighted this name for a swing trade back on December 5th