Sears Holdings Corp (SHLD) CEO Edward S. Lampert Buys 525,936 Shares

Sears Holdings Corp (NASDAQ:SHLD) CEO Edward S. Lampert bought 525,936 shares of Sears Holdings Corp stock in a transaction dated Friday, March 24th. The stock was acquired at an average price of $7.93 per share, with a total value of $4,170,672.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Sears Holdings Corp (NASDAQ:SHLD) opened at 13.39 on Friday. The firm’s market capitalization is $1.43 billion. The firm’s 50-day moving average is $10.51 and its 200 day moving average is $10.17. Sears Holdings Corp has a 52-week low of $5.50 and a 52-week high of $18.60.

Sears Holdings Corp (NASDAQ:SHLD) last announced its quarterly earnings results on Thursday, March 9th. The company reported ($1.28) EPS for the quarter, beating the Zacks’ consensus estimate of ($2.85) by $1.57. The company earned $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. During the same quarter last year, the company posted ($1.70) EPS. The firm’s quarterly revenue was down 17.1% on a year-over-year basis. Equities analysts anticipate that Sears Holdings Corp will post ($12.33) EPS for the current year.

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A number of institutional investors have recently modified their holdings of SHLD. Boyle Capital Management L.L.C. boosted its stake in Sears Holdings Corp by 14.8% in the third quarter. Boyle Capital Management L.L.C. now owns 18,446 shares of the company’s stock valued at $211,000 after buying an additional 2,379 shares during the last quarter. Palo Capital Inc. bought a new stake in Sears Holdings Corp during the third quarter valued at $143,000. Capstone Investment Advisors LLC bought a new stake in Sears Holdings Corp during the fourth quarter valued at $117,000. California Public Employees Retirement System boosted its stake in Sears Holdings Corp by 3.8% in the third quarter. California Public Employees Retirement System now owns 345,348 shares of the company’s stock valued at $3,958,000 after buying an additional 12,700 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in Sears Holdings Corp during the fourth quarter valued at $123,000. 67.17% of the stock is owned by institutional investors and hedge funds.

Separately, Susquehanna Bancshares Inc initiated coverage on shares of Sears Holdings Corp in a research report on Friday, February 10th. They set a “negative” rating and a $4.00 target price on the stock.

Sears Holdings Corp Company Profile

Sears Holdings Corporation is an integrated retailer. The Company is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co (Sears). The Company’s segments are Kmart and Sears Domestic. It also offers Shop Your Way, a member-based social shopping platform that offers rewards and personalized services.