Investing in a turnaround play can be incredibly profitable. This is because shares of the business can rise spectacularly once the picture starts improving. On the other hand, it's also fraught with risks. For starters, if the business does notCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in ...

Jeff Yass' fund, Susquehanna International Group, has been offloading its position in Nvidia and quietly building a stake in another chip stock.Jeff Yass is a billionaire investor best known for co-founding Susquehanna International Group (SIG). SIG is a powerhouse fund boasting nearly $60 billion in assets under management.According to SIG's latest 13F filing, the fund sold approximately 5.6 million shares in semiconductor darling Nvidia (NVDA 0.66%) during the third quarter -- reducing its stake by 29%. A ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Signet (SIG) .Signet currently has an average brokerage recommend ...

Signet (SIG) closed at $94.59 in the latest trading session, marking a -0.64% move from the prior day. This move lagged the S&P 500's daily gain of 0.4%. Meanwhile, the Dow lost 0.28%, and the Nasdaq, a tech-heavy index, added 1.04%.Coming into today, shares of the jewelry company had lost 1.45% in the past month. In that same time, the Retail-Wholesale sector gained 1.9%, while the S&P 500 gained 0.62%.The investment community will be paying close attention to the earnings performance of Signet in its upco ...

The latest trading session saw Signet (SIG) ending at $100.83, denoting a +0.04% adjustment from its last day's close. The stock lagged the S&P 500's daily gain of 0.4%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.63%. Shares of the jewelry company have appreciated by 3.74% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 3.32% and lagging the S&P 500's gain of 3.76%. The upcoming earnings release of Signet wi ...

Signet (SIG) closed the most recent trading day at $98.58, moving -1.12% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.71%. Meanwhile, the Dow experienced a rise of 1.03%, and the technology-dominated Nasdaq saw an increase of 0.6%. The jewelry company's shares have seen an increase of 30.74% over the last month, surpassing the RetailWholesale sector's gain of 8.01% and the S&P 500's gain of 6.41%. Investors will be eagerly watching for the performance ...

Departing Signet CEO Gina Drosos Courtesy of Signet Jewelers Signet Jewelers of Kay Jewelers, Zales, Jared, Banter by Piercing Pagoda, Blue Nile, Diamonds Direct and James Allen fame just announced that CEO Gina Drosos will retire on November 4, after serving the company on the board for 12 years, including seven as CEO. PetSmart CEO J.K. Symancyk will fill her very capable shoes at Signet, as it executes a carefully planned leadership succession strategy. However, PetSmart was caught unawares when Symancyk ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? The ...

J.K. Symancyk Appointed Company's Next CEO Joan Hilson Appointed to Expanded Role of Chief Financial and Operating Officer Leadership Transition is Culmination of Board's Long-Term Succession Planning HAMILTON, Bermuda, Oct. 1, 2024 /PRNewswire/ -- Signet Jewelers Limited ("Signet" or the "Company") (NYSE:SIG), the world's largest retailer of diamond jewelry, which includes Kay Jewelers, Zales, Jared and Banter by Piercing Pagoda, today announced that, after twelve years at the Company, Virginia "Gina" C. D ...

Technical Performance & Market Sentiment - The company's stock is trading above its 200-day and 50-day simple moving averages (SMA), closing at $103 14, compared to the 200-day SMA of $94 47 and 50-day SMA of $83 70, indicating strong upward momentum and positive market sentiment [1] - Shares have surged 41 9% over the past year, outperforming the Zacks Retail-Jewelry industry's 21 3% growth and the broader Retail-Wholesale sector's 34 2% growth, as well as the S&P 500's 33 7% growth [2] - The stock is nearing its 52-week high of $112 06, reflecting strong investor confidence and market optimism [3] Cost-Saving Initiatives & Operational Efficiency - The company has increased its fiscal 2025 cost-saving target from $150 million to $200 million and raised its three-year cost-saving goal from $350 million to $450 million, demonstrating confidence in operational streamlining [5] - SG&A expenses decreased by 2 5% in the fiscal second quarter of 2025, allowing reinvestment in growth areas such as new merchandise and digital expansion [5][6] Merchandise Margins & Product Innovation - Merchandise margin grew by 120 basis points in the fiscal second quarter, driven by a focus on product offerings and brand positioning [7] - The introduction of new categories, such as lab-grown diamond fashion jewelry, which grew over 25% year over year, contributed significantly to this success [7] Engagement Sales & Bridal Segment Recovery - Engagement unit sales improved by approximately 400 basis points on a same-store sales basis in the fiscal second quarter, supported by increased customer engagement [8] - The bridal segment's recovery is crucial for the company's financial performance, as engagement-related purchases are a key revenue driver [8] Services Segment & Digital Sales Growth - The services segment revenue grew by 1 4% in the fiscal second quarter, driven by high-margin services like extended service agreements in the lab-grown diamond category [9] - Digital sales improved significantly due to new website features and better vendor communication systems, positioning the company for further success in the online market [9] Valuation & Investment Appeal - The stock is trading at a forward 12-month price-to-sales ratio of 0 65, below the industry average of 0 93, offering an attractive valuation for investors [10] - The company has a Value Score of A, further validating its investment appeal [10] Challenges in North America & International Segments - North American sales declined by 6 9% year over year to $1 4 billion in the fiscal second quarter, with a 3 7% drop in same-store sales despite a 1 6% rise in average transaction value (ATV) [12] - International sales fell by 15 2% to $86 5 million, with a 13 4% decline in ATV and a 1 7% drop in same-store sales, impacted by the sale of prestige watch stores and increased discounting [12] Financial Outlook & Economic Uncertainty - The company expects fiscal 2025 sales to range between $6 66 billion and $7 02 billion, down from $7 17 billion in fiscal 2024, with same-store sales projected to decline by up to 4 5% or increase by 0 5% [13] - For the fiscal third quarter of 2024, sales are forecasted to be between $1 35 billion and $1 38 billion, reflecting continued challenges in key segments like engagement units [13] Industry Comparison & Alternative Stocks - Nordstrom Inc (JWN) is a leading fashion specialty retailer with a Zacks Rank 1 (Strong Buy) and a projected fiscal 2024 sales growth of 0 6% [15][16] - Abercrombie & Fitch Co (ANF) is a specialty retailer with a Zacks Rank 1, projecting fiscal 2025 earnings and sales growth of 63 4% and 13 1%, respectively [16][17] - Steven Madden, Ltd (SHOO) carries a Zacks Rank 2 (Buy) and is expected to see 2024 earnings and sales growth of 6 9% and 12 6%, respectively [17][18]