Jim Cramer - Mad Money Signet Jewelers Ltd. SIG-N PARTIAL BUY Sep 04, 2024

Signet Jewelers Limited is the world's largest retailer of diamond jewelry. Signet operates approximately 2,900 stores primarily under the name brands of Kay Jewelers, Zales, Jared, H.Samuel, Ernest Jones, Peoples, Piercing Pagoda, and JamesAllen.com. Further information on Signet is available at www.signetjewelers.com. See also www.kay.com, www.zales.com, www.jared.com, www.hsamuel.co.uk, www.ernestjones.co.uk, www.peoplesjewellers.com, www.pagoda.com, and www.jamesallen.com.

SIG has over 2600 retail jewelry stores through North America and Europe.  It trades 6x earnings, under 2x book value and supports a robust 32% ROE.  Its dividend is backed by a payout ratio under 10% of cash flow.  We recommend setting a stop-loss at $60, looking to achieve $97 -- upside potential of 28%.  Yield 1.3%

Our PAST TOP PICK with SIG has achieved its target at $97.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $60) to $73 at this time.  

Our PAST TOP PICK with SIG is progressing well.  To remain disciplined, we recommend trailing up the stop (from $73) to $81 at this time.

Our PAST TOP PICK with SIG is progressing well.  To remain disciplined, we recommend trailing up the stop (from $81) to $89 at this time.

Our PAST TOP PICK with SIG has triggered its stop at $89.  To remain disciplined, we recommend covering the position at this time.  Combined with our previous guidance, this will result in a net investment gain of 24%.