Sears (NASDAQ:SHLD) had its price objective cut by investment analysts at Susquehanna Bancshares from $3.00 to $2.50 in a research report issued to clients and investors on Thursday. The firm currently has a “negative” rating on the stock. Susquehanna Bancshares’ price target would suggest a potential downside of 24.01% from the company’s current price.
Other analysts also recently issued research reports about the company. BidaskClub downgraded Sears from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 19th. Moffett Nathanson assumed coverage on Sears in a research report on Monday, December 4th. They issued a “sell” rating for the company. Finally, ValuEngine upgraded Sears from a “strong sell” rating to a “sell” rating in a research report on Friday, December 1st. Five analysts have rated the stock with a sell rating, Sears presently has an average rating of “Sell” and an average price target of $4.78.
Sears (NASDAQ SHLD) traded up $0.16 during trading hours on Thursday, reaching $3.29. The company had a trading volume of 4,569,900 shares, compared to its average volume of 2,317,829. The company has a market cap of $372.97, a P/E ratio of -0.30 and a beta of 1.36. Sears has a one year low of $3.09 and a one year high of $14.32. The company has a quick ratio of 0.19, a current ratio of 0.80 and a debt-to-equity ratio of -0.51.
Sears (NASDAQ:SHLD) last released its earnings results on Thursday, November 30th. The company reported ($2.64) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($4.46) by $1.82. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.68 billion. The business’s quarterly revenue was down 27.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($3.45) EPS.
In other Sears news, major shareholder Bruce R. Berkowitz sold 38,800 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $4.26, for a total value of $165,288.00. Following the completion of the sale, the insider now owns 799,516 shares in the company, valued at $3,405,938.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 2,212,400 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $3.34, for a total value of $7,389,416.00. Following the completion of the sale, the insider now owns 799,516 shares of the company’s stock, valued at approximately $2,670,383.44. The disclosure for this sale can be found here. Insiders sold 2,810,700 shares of company stock valued at $9,643,473 in the last quarter. Corporate insiders own 89.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of Sears by 5.9% during the second quarter. State Street Corp now owns 2,087,415 shares of the company’s stock valued at $18,496,000 after acquiring an additional 116,765 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Sears during the second quarter valued at approximately $117,000. GSA Capital Partners LLP bought a new position in shares of Sears during the third quarter valued at approximately $1,541,000. Cyrus Capital Partners L.P. raised its holdings in shares of Sears by 283.3% during the second quarter. Cyrus Capital Partners L.P. now owns 115,000 shares of the company’s stock valued at $1,019,000 after acquiring an additional 85,000 shares in the last quarter. Finally, Manatuck Hill Partners LLC bought a new position in shares of Sears during the second quarter valued at approximately $255,000. 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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