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 owns 799,516 shares of the company’s stock, valued at $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 (SHLD) traded down $0.03 on Thursday, reaching $2.33. 827,075 shares of the company’s stock were exchanged, compared to its average volume of 2,358,319. Sears Holdings Corp has a one year low of $1.99 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. The stock has a market capitalization of $253.97, a PE ratio of -0.21 and a beta of 0.95.
Sears (NASDAQ:SHLD) last released its quarterly earnings data on Thursday, November 30th. The company reported ($2.64) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.46) by $1.82. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same period in the previous year, the firm posted ($3.45) EPS. The firm’s quarterly revenue was down 27.2% on a year-over-year basis.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SHLD. State Street Corp grew its position in shares of Sears by 5.9% in the second quarter. State Street Corp now owns 2,087,415 shares of the company’s stock valued at $18,496,000 after purchasing an additional 116,765 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in shares of Sears in the second quarter valued at about $117,000. GSA Capital Partners LLP acquired a new stake in shares of Sears in the third quarter valued at about $1,541,000. Cyrus Capital Partners L.P. grew its position in shares of Sears by 283.3% in the second quarter. Cyrus Capital Partners L.P. now owns 115,000 shares of the company’s stock valued at $1,019,000 after purchasing an additional 85,000 shares during the period. Finally, Manatuck Hill Partners LLC acquired a new stake in shares of Sears in the second quarter valued at about $255,000. 59.86% of the stock is owned by institutional investors.
A number of research analysts have issued reports on SHLD shares. BidaskClub raised shares of Sears from a “strong sell” rating to a “sell” rating in a report on Saturday, January 13th. ValuEngine raised shares of Sears from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. Moffett Nathanson assumed coverage on shares of Sears in a report on Monday, December 4th. They set a “sell” rating for the company. Finally, Susquehanna Bancshares set a $3.00 target price on shares of Sears and gave the stock a “sell” rating in a report on Friday, December 1st. Five equities research analysts have rated the stock with a sell rating, Sears has a consensus rating of “Sell” and an average price target of $4.78.
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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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