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Charlottesville, VA—InvestorsObserver is bullish on Signet Jewelers Ltd. (SIG). The stock analysis firm has given the jewelry retailer an overall rank of 81, meaning that its comprehensive methodology rates Signet above 81% of stocks. 

Signet's main retail banners include Kay Jewelers, Zales, Jared The Galleria of Jewelry, Piercing Pagoda, and jamesallen.com in the United States. It also owns Peoples Jewellers in Canada and H. Samuel and Ernest Jones in the United Kingdom, plus some additional outlets and concept stores.

Earlier in August, the analyst said the jeweler is the highest overall rated company in the luxury goods industry, in the consumer cyclical sector. At that time, Signet had an overall score of 80; its stock closed at $68.66 per share and its high was $86. At press time, it was trading at $81.76.

“SIG is up 349.64% so far this year. The overall score measures the company’s performance based off both short and long term indicators,” said the site in mid-August. “Overall ranking is a comprehensive evaluation. It considers technical and fundamental factors and is a good starting point for evaluating a stock.”

InvestorsObserver gives the luxury goods industry and average overall score of 41, meaning that the stocks in the industry score higher than 41% of the stock market. Other luxury stocks, such as Hermès International (HESAY), or LVMH (LVMHF) sell for more per share but for a variety of reasons are not ranked by the organization as highly as Signet.

Zacks.com, another equity research firm, also is bullish on Signet, ranking it as a "buy." Zacks data shows Signet stock has returned about 194.43% since the start of the 2021 calendar year, compared with an average loss of 4.62% for retail-wholesale stocks overall. Narrowing further into jewelry industry stocks, Zacks says Signet still outperformed the group of five stocks year-to-date: on average, Zacks says this group has gained 181.25%.

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