Sears Holdings Corp (NASDAQ:SHLD) major shareholder Bruce R. Berkowitz sold 2,212,400 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $3.34, for a total value of $7,389,416.00. Following the transaction, the insider now directly owns 799,516 shares in the company, valued at approximately $2,670,383.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of Sears Holdings Corp (SHLD) opened at $3.29 on Thursday. Sears Holdings Corp has a twelve month low of $3.09 and a twelve month high of $14.32. The firm has a market capitalization of $373.43, a P/E ratio of -0.30 and a beta of 1.36. The company has a debt-to-equity ratio of -0.51, a current ratio of 0.80 and a quick ratio of 0.19.
Sears (NASDAQ:SHLD) last announced its quarterly earnings data on Thursday, November 30th. The company reported ($2.64) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($4.46) by $1.82. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same period in the prior year, the firm posted ($3.45) EPS. Sears’s revenue for the quarter was down 27.2% compared to the same quarter last year.
Institutional investors and hedge funds have recently made changes to their positions in the business. BlueCrest Capital Management Ltd purchased a new stake in Sears in the 2nd quarter valued at approximately $117,000. Rhumbline Advisers lifted its position in shares of Sears by 9.0% during the 2nd quarter. Rhumbline Advisers now owns 16,965 shares of the company’s stock valued at $150,000 after acquiring an additional 1,394 shares during the period. LMR Partners LLP acquired a new stake in shares of Sears during the 3rd quarter valued at approximately $176,000. Quantitative Investment Management LLC acquired a new stake in shares of Sears during the 2nd quarter valued at approximately $240,000. Finally, Manatuck Hill Partners LLC acquired a new stake in shares of Sears during the 2nd quarter valued at approximately $255,000. 60.10% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on SHLD. BidaskClub raised Sears from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. Susquehanna Bancshares set a $3.00 price objective on Sears and gave the company a “sell” rating in a report on Friday, December 1st. Moffett Nathanson began coverage on Sears in a report on Monday, December 4th. They issued a “sell” rating on the stock. Finally, ValuEngine raised Sears from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. Five analysts have rated the stock with a sell rating, Sears has an average rating of “Sell” and a consensus target price of $5.03.
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.
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