Sears Holdings Corp (NASDAQ:SHLD) major shareholder Bruce R. Berkowitz sold 415,700 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $3.43, for a total value of $1,425,851.00. Following the completion of the transaction, the insider now owns 799,516 shares in the company, valued at $2,742,339.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Sears Holdings Corp (NASDAQ:SHLD) traded up $0.18 during trading on Thursday, hitting $3.47. The stock had a trading volume of 4,720,000 shares, compared to its average volume of 1,920,000. The company has a debt-to-equity ratio of -0.51, a current ratio of 0.80 and a quick ratio of 0.19. The company has a market cap of $372.97, a price-to-earnings ratio of -0.32 and a beta of 1.36. Sears Holdings Corp has a 12-month low of $3.09 and a 12-month high of $14.32.
Sears (NASDAQ:SHLD) last announced its quarterly earnings data on Thursday, November 30th. The company reported ($2.64) EPS for the quarter, beating the consensus estimate of ($4.46) by $1.82. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.68 billion. Sears’s revenue for the quarter was down 27.2% compared to the same quarter last year. During the same quarter last year, the company posted ($3.45) earnings per share.
A number of equities analysts have weighed in on SHLD shares. BidaskClub upgraded Sears from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. Moffett Nathanson started coverage on Sears in a research note on Monday, December 4th. They issued a “sell” rating on the stock. ValuEngine upgraded Sears from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st. Finally, Susquehanna Bancshares set a $3.00 target price on Sears and gave the stock a “sell” rating in a research note on Friday, December 1st. Five equities research analysts have rated the stock with a sell rating, The company has an average rating of “Sell” and a consensus target price of $5.03.
Several institutional investors have recently made changes to their positions in SHLD. Schwab Charles Investment Management Inc. increased its position in shares of Sears by 0.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 156,205 shares of the company’s stock valued at $1,384,000 after purchasing an additional 1,254 shares during the last quarter. Rhumbline Advisers increased 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 purchasing an additional 1,394 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Sears by 8.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 117,247 shares of the company’s stock valued at $1,038,000 after purchasing an additional 9,586 shares during the last quarter. Quantitative Investment Management LLC bought a new position in shares of Sears during the 2nd quarter valued at about $240,000. Finally, Balyasny Asset Management LLC increased its position in shares of Sears by 57.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 412,000 shares of the company’s stock valued at $3,650,000 after purchasing an additional 150,000 shares during the last quarter. Hedge funds and other institutional investors own 60.10% of the company’s stock.
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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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