Sears Holdings Corp (NASDAQ:SHLD) major shareholder Bruce R. Berkowitz sold 350,700 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $2.86, for a total transaction of $1,003,002.00. Following the completion of the sale, the insider now directly owns 799,516 shares in the company, valued at approximately $2,286,615.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Sears Holdings Corp (NASDAQ SHLD) opened at $2.30 on Thursday. The firm has a market cap of $247.51, a price-to-earnings ratio of -0.21 and a beta of 0.95. Sears Holdings Corp has a 1 year low of $1.99 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 issued its earnings results on Thursday, November 30th. The company reported ($2.64) EPS for the quarter, topping the consensus estimate of ($4.46) by $1.82. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.68 billion. Sears’s revenue for the quarter was down 27.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($3.45) earnings per share.
A number of research firms have weighed in on SHLD. BidaskClub cut shares of Sears from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 19th. ValuEngine upgraded shares of Sears from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. Susquehanna Bancshares lowered their target price on shares of Sears from $3.00 to $2.50 and set a “negative” rating on the stock in a research report on Thursday, January 11th. Finally, Moffett Nathanson began coverage on shares of Sears in a research report on Monday, December 4th. They set a “sell” rating on the stock. Five investment analysts have rated the stock with a sell rating, The stock presently has a consensus rating of “Sell” and an average target price of $4.78.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Cyrus Capital Partners L.P. purchased a new stake in shares of Sears during the 4th quarter worth $2,764,000. Deutsche Bank AG raised its stake in shares of Sears by 206.7% during the 4th quarter. Deutsche Bank AG now owns 130,986 shares of the company’s stock worth $467,000 after buying an additional 88,279 shares during the last quarter. Fine Capital Partners L.P. raised its stake in shares of Sears by 7.2% during the 4th quarter. Fine Capital Partners L.P. now owns 2,876,895 shares of the company’s stock worth $10,299,000 after buying an additional 193,822 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Sears by 286.8% during the 4th quarter. SG Americas Securities LLC now owns 119,389 shares of the company’s stock worth $427,000 after buying an additional 88,521 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Sears during the 3rd quarter worth $1,541,000. Institutional investors own 60.23% 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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