Sears (SHLD) Shares Gap Up to $3.59

Sears Holdings (NASDAQ:SHLD)’s share price gapped up before the market opened on Monday . The stock had previously closed at $3.46, but opened at $3.59. Sears shares last traded at $3.63, with a volume of 2219611 shares trading hands.

Several equities analysts have recently issued reports on SHLD shares. BidaskClub downgraded shares of Sears from a “sell” rating to a “strong sell” rating in a research note on Friday, January 26th. ValuEngine raised shares of Sears from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, S&P Equity Research dropped their price target on shares of Sears from $2.59 to $2.30 in a research note on Tuesday, March 27th.

The company has a debt-to-equity ratio of -0.60, a current ratio of 0.78 and a quick ratio of 0.21.

Sears (NASDAQ:SHLD) last released its quarterly earnings results on Wednesday, March 14th. The company reported ($2.01) earnings per share (EPS) for the quarter. The firm had revenue of $4.38 billion for the quarter.

Several hedge funds have recently added to or reduced their stakes in the company. Federated Investors Inc. PA raised its stake in shares of Sears by 18,855.3% during the first quarter. Federated Investors Inc. PA now owns 37,342 shares of the company’s stock valued at $100,000 after acquiring an additional 37,145 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Sears by 206.7% during the fourth quarter. Deutsche Bank AG now owns 130,986 shares of the company’s stock valued at $467,000 after acquiring an additional 88,279 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Sears by 286.8% during the fourth quarter. SG Americas Securities LLC now owns 119,389 shares of the company’s stock valued at $427,000 after acquiring an additional 88,521 shares during the last quarter. Fine Capital Partners L.P. raised its stake in Sears by 7.2% during the fourth 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. Finally, KBC Group NV bought a new position in Sears during the first quarter worth $933,000. 54.95% of the stock is owned by hedge funds and other institutional investors.

About Sears

Sears Holdings Corporation operates as an integrated retailer in the United States. It operates in two segments, Kmart and Sears Domestic. The Kmart segment operates retail stores that offer a range of products, including consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and in-store pharmacies.

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