Signet Jewelers Ltd. Unusual Bullish Options Activity Means Profits for Traders

 Signet Jewelers Ltd. Unusual Bullish Options Activity Means Profits for Traders

In today’s session Signet Jewelers Ltd. (SIG) registered an unusually high (1,294) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SIG increase. With 1,294 contracts traded and 19514 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SIG170120C00090000 closed last at: $6 or 0% . About 450,216 shares traded hands. Signet Jewelers Ltd. (NYSE:SIG) has declined 19.02% since April 21, 2016 and is downtrending. It has underperformed by 24.35% the S&P500.

Signet Jewelers Ltd. (NYSE:SIG) Ratings Coverage

Out of 15 analysts covering Signet Jewelers (NYSE:SIG), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. $9700 is the highest target while $83 is the lowest. The $120.60 average target is 28.37% above today’s ($93.95) stock price. Signet Jewelers has been the topic of 32 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Thursday, October 22 by Wells Fargo. The firm has “Outperform” rating by CLSA given on Thursday, September 29. Citigroup initiated the shares of SIG in a report on Wednesday, October 7 with “Buy” rating. The company was maintained on Friday, May 27 by Citigroup. The rating was downgraded by Cowen & Co on Tuesday, September 13 to “Market Perform”. Nomura maintained Signet Jewelers Ltd. (NYSE:SIG) rating on Tuesday, May 31. Nomura has “Buy” rating and $148 price target. BNP Paribas upgraded Signet Jewelers Ltd. (NYSE:SIG) on Wednesday, August 19 to “Outperform” rating. Goldman Sachs maintained Signet Jewelers Ltd. (NYSE:SIG) on Monday, March 28 with “Buy” rating. The company was initiated on Monday, November 9 by Johnson Rice. The company was maintained on Friday, May 27 by Telsey Advisory Group.

According to Zacks Investment Research, “Signet Jewelers Ltd. is engaged in retailing of jewelry, watches and associated services. The company operates primarily in the United States, the United Kingdom, the Republic of Ireland and the Channel Islands. Signet Jewelers Ltd., formerly known as Signet Group PLC, is based in Hamilton, Bermuda.”

Insitutional Activity: The institutional sentiment decreased to 0.76 in 2016 Q2. Its down 0.21, from 0.97 in 2016Q1. The ratio dropped, as 84 funds sold all Signet Jewelers Ltd. shares owned while 114 reduced positions. 56 funds bought stakes while 136 increased positions. They now own 77.93 million shares or 3.70% more from 75.15 million shares in 2016Q1.
Marshall Wace Limited Liability Partnership holds 0.13% or 187,748 shares in its portfolio. Connable Office has invested 0.08% of its portfolio in Signet Jewelers Ltd. (NYSE:SIG). Farallon Cap Management holds 2.81 million shares or 3.19% of its portfolio. The Alabama-based Fjarde Ap has invested 0.03% in Signet Jewelers Ltd. (NYSE:SIG). Nordea Invest Mgmt Ab holds 2,634 shares or 0% of its portfolio. Logan Capital Management last reported 11,210 shares in the company. British Columbia Investment Management holds 45,969 shares or 0.03% of its portfolio. Schroder Investment Mngmt Group has 0.01% invested in the company for 74,887 shares. Sumitomo Mitsui Asset Mgmt holds 0.01% of its portfolio in Signet Jewelers Ltd. (NYSE:SIG) for 5,763 shares. Louisiana State Employees Retirement Sys last reported 0.02% of its portfolio in the stock. First Interstate National Bank & Trust has 42 shares for 0% of their US portfolio. Amp Cap Investors Ltd last reported 20,407 shares in the company. Cubist Systematic Strategies Ltd Company holds 0.06% of its portfolio in Signet Jewelers Ltd. (NYSE:SIG) for 11,963 shares. Tiaa Cref Investment Mngmt Ltd Company, a New York-based fund reported 887,180 shares. Wealthtrust has invested 0% of its portfolio in Signet Jewelers Ltd. (NYSE:SIG).

Insider Transactions: Since June 7, 2016, the stock had 16 insider purchases, and 0 insider sales for $1.35 million net activity. The insider Becker Steven J. bought 475 shares worth $39,319. McCluskey Helen also bought $89,910 worth of Signet Jewelers Ltd. (NYSE:SIG) shares. Hobbs Sebastian also bought $45,860 worth of Signet Jewelers Ltd. (NYSE:SIG) shares. $89,550 worth of Signet Jewelers Ltd. (NYSE:SIG) shares were bought by Stack Robert. Drosos Virginia bought $100,141 worth of stock. The insider Ulasewicz Eugenia bought 335 shares worth $29,868. The insider Dennison Judith Lynn bought 500 shares worth $41,177.

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The company has a market cap of $7.25 billion. The Company’s divisions are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment. It has a 14.34 P/E ratio. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones.

SIG Company Profile

Signet Jewelers Limited, incorporated on June 25, 2008, is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s divisions are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones. The Firm operates retail jewelry stores in various real estate formats, including mall-based, free-standing, strip center and outlet store locations. The Firm operates approximately 3,620 stores and kiosks across over five million square feet of retail space.

More news for Signet Jewelers Ltd. (NYSE:SIG) were recently published by: Fool.com, which released: “Why Signet Jewelers Ltd. Stock Slumped Today” on May 26, 2016. Forbes.com‘s article titled: “Signet Jewelers Enters Oversold Territory” and published on June 02, 2016 is yet another important article.

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