Why the Market Dipped But Signet (SIG) Gained Today

Signet (SIG) rose 2.04% to $108.16 in the latest session, outperforming the S&P 500. The jewelry retailer has gained 5.21% over the past month and holds a Zacks Rank #1 (Strong Buy) rating. Analysts project Q3 EPS of $0.87 (up 38.10% YoY) and full-year earnings of $11.7 per share. Trading at a Forward P/E of 9.06 versus the industry average of 15.76, SIG appears undervalued with a PEG ratio of 0.58.