Added to YB: 2026-04-23
Pitch date: 2026-02-18
SIG [bearish]
Signet Jewelers Limited
+3.88%
current return
Author Info
No bio for this author
Company Info
Signet Jewelers Limited operates as a diamond jewelry retailer in the United States, Canada, the United Kingdom, and Republic of Irland.
Market Cap
$3.8B
Pitch Price
$94.08
Price Target
60.00 (-34%)
Dividend
1.46%
EV/EBITDA
3.64
P/E
13.52
EV/Sales
0.61
Sector
Specialty Retail
Category
value
Signet Jewelers Limited - $SIG (short)
SIG (short): LGD now 50% of engagement ring units & 20% by value. Near-term ATVs held via upsizing (1.9→2.14 carats), but asymptotes at ~2.25-3 carats. LGD costs $30-70/carat (vs $200-300 retail by competitors, $1,300 at SIG). Gold jumped (now 50% of fashion BOM vs 20-35% historically). Model: 11% annual bridal rev decline (17% LGD growth offset by 34% ND decline), 40% gross margin, 32% SG&A on declining rev = $7.85 FY28 EPS. PT $60 at 8-10x = 40% downside.
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