Sears Holdings Corp (NASDAQ:SHLD) major shareholder Bruce R. Berkowitz sold 2,212,400 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $3.34, for a total transaction of $7,389,416.00. Following the completion of the sale, the insider now directly owns 799,516 shares in the company, valued at $2,670,383.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Sears Holdings Corp (NASDAQ:SHLD) opened at $3.32 on Friday. The company has a market cap of $357.28, a price-to-earnings ratio of -0.30 and a beta of 1.36. Sears Holdings Corp has a 1-year low of $3.09 and a 1-year high of $14.32. 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 earnings results on Thursday, November 30th. The company reported ($2.64) EPS for the quarter, beating analysts’ consensus estimates of ($4.46) by $1.82. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same period in the previous year, the firm earned ($3.45) earnings per share. The business’s revenue was down 27.2% compared to the same quarter last year.
A number of research firms have weighed in on SHLD. Susquehanna Bancshares reduced their price objective on shares of Sears from $3.00 to $2.50 and set a “negative” rating for the company in a research report on Thursday. BidaskClub cut shares of Sears from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 19th. Moffett Nathanson began coverage on shares of Sears in a research report on Monday, December 4th. They set a “sell” rating for the company. Finally, ValuEngine upgraded shares of Sears from a “strong sell” rating to a “sell” rating in a research report on Friday, December 1st. Five investment analysts have rated the stock with a sell rating, The company presently has an average rating of “Sell” and a consensus price target of $4.78.
Institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new position in shares of Sears during the 3rd quarter valued at about $1,541,000. Balyasny Asset Management LLC increased its stake 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 acquiring an additional 150,000 shares during the last quarter. State Street Corp increased its stake in shares of Sears by 5.9% during the 2nd 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 during the last quarter. Cyrus Capital Partners L.P. increased its stake in shares of Sears by 283.3% during the 2nd 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 during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Sears during the 3rd quarter worth about $493,000. Institutional investors and hedge funds 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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