Jim Cramer on Signet Jewelers: “This Thing’s Been a Real Wild Trader Over the Years”

Signet Jewelers Limited (NYSE:SIG) was among  Jim Cramer’s stock calls on Mad Money, as he highlighted several opportunities in out-of-favor sectors. Cramer discussed the company’s earnings, as he commented:

This morning, Signet Jewelers reported a surprisingly strong quarter. The retailer you know as Kay Jewelers, Zales, Jared, bunch of digital brands including Blue Nile, delivered an 18-cent earnings beat off a $1.38 basis with inline revenue and slightly better than expected same store sales growth. Even better, Signet gave solid guidance for the current quarter, raised its full-year forecast across the board. Not many retailers have done that.

That’s why the stock jumped 3.75% today. Of course, this thing’s been a real wild trader over the years. Signet rallied from $45 at its lows in March of last year to $110 at its highs in October. Then the stock pulled back all the way to $71 a few weeks ago. But despite widespread worries about the consumer discretionary space, it’s now rebounded to $88.

Signet Jewelers Limited (NYSE:SIG) is a diamond retailer that sells jewelry through a variety of store brands, mall-based kiosks, and online platforms. The company’s main brands include Kay, Zales, Jared, Peoples, Banter by Piercing Pagoda, Diamonds Direct, and Blue Nile.

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