Why Signet Jewelers Stock Was Soaring Today
Shares of Signet Jewelers (NYSE: SIG) were shining bright today as the world's largest diamond jewelry retailer posted better-than-expected results in its second-quarter earnings report. As of 10:10 a.m. ET, the stock was up 15.1% on the news.
Image source: Getty Images.
Signet has struggled for the last several quarters amid broader sluggishness in consumer spending and a delay in engagements. The company has also faced difficult comparisons after revenue surged during the later stages of the pandemic, fueled by stimulus checks.
Source Fool.com
Signet Jewelers Stock
€78.48
16.730%
Signet Jewelers is currently one of the favorites of our community with 11 Buy predictions and no Sell predictions.
With a target price of 110 € there is a positive potential of 40.16% for Signet Jewelers compared to the current price of 78.48 €.
