Moffett Nathanson assumed coverage on shares of Sears (NASDAQ:SHLD) in a research report released on Monday, December 4th, MarketBeat Ratings reports. The firm issued a sell rating on the stock.
SHLD has been the topic of a number of other research reports. ValuEngine upgraded Sears from a strong sell rating to a sell rating in a research note on Friday, December 1st. Susquehanna Bancshares set a $3.00 price objective on Sears and gave the stock a sell rating in a research report on Friday, December 1st. Five research analysts have rated the stock with a sell rating, The stock currently has an average rating of Sell and a consensus price target of $5.03.
Sears (NASDAQ:SHLD) opened at $3.87 on Monday. Sears has a 12-month low of $3.62 and a 12-month high of $14.32. The company has a debt-to-equity ratio of -0.51, a quick ratio of 0.19 and a current ratio of 0.80.
Sears (NASDAQ:SHLD) last released its quarterly earnings results on Thursday, November 30th. The company reported ($2.64) earnings per share for the quarter, topping analysts’ consensus estimates of ($4.46) by $1.82. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.68 billion. The company’s revenue was down 27.2% compared to the same quarter last year. During the same period last year, the company earned ($3.45) EPS.
In related news, major shareholder Bruce R. Berkowitz sold 38,800 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $4.26, for a total value of $165,288.00. Following the sale, the insider now directly owns 799,516 shares of the company’s stock, valued at $3,405,938.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bruce R. Berkowitz sold 143,800 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $4.61, for a total value of $662,918.00. Following the completion of the sale, the insider now directly owns 799,516 shares in the company, valued at $3,685,768.76. The disclosure for this sale can be found here. Corporate insiders own 89.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp increased its holdings in Sears by 5.9% in the second quarter. State Street Corp now owns 2,087,415 shares of the company’s stock worth $18,496,000 after purchasing an additional 116,765 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in Sears in the second quarter worth approximately $117,000. Morgan Stanley increased its holdings in shares of Sears by 85.1% during the first quarter. Morgan Stanley now owns 336,684 shares of the company’s stock valued at $3,869,000 after acquiring an additional 154,831 shares in the last quarter. Cyrus Capital Partners L.P. increased 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 stake 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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