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Is Signet Jewelers (SIG) Stock Outpacing Its Retail-Wholesale Peers This Year?

Zacks Equity Research
Updated
Some investors are rotating out of earlier high flying technology stocks into cheap emerging markets.

Investors focused on the Retail-Wholesale space have likely heard of Signet Jewelers (SIG), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of SIG and the rest of the Retail-Wholesale group's stocks.

Signet Jewelers is a member of the Retail-Wholesale sector. This group includes 213 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. SIG is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for SIG's full-year earnings has moved 5.94% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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Based on the most recent data, SIG has returned 19.38% so far this year. In comparison, Retail-Wholesale companies have returned an average of 17.16%. This shows that Signet Jewelers is outperforming its peers so far this year.

Looking more specifically, SIG belongs to the Retail - Jewelry industry, a group that includes 4 individual stocks and currently sits at #12 in the Zacks Industry Rank. Stocks in this group have gained about 18.82% so far this year, so SIG is performing better this group in terms of year-to-date returns.

Investors in the Retail-Wholesale sector will want to keep a close eye on SIG as it attempts to continue its solid performance.


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