Sears (SHLD) Research Coverage Started at Moffett Nathanson

Moffett Nathanson initiated coverage on shares of Sears (NASDAQ:SHLD) in a research report sent to investors on Monday morning, Marketbeat reports. The brokerage issued a sell rating on the stock.

Other analysts also recently issued reports about the stock. 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. ValuEngine raised shares of Sears from a strong sell rating to a sell rating in a research note on Friday, December 1st. Four investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. Sears currently has an average rating of Sell and an average price target of $5.03.

Sears (NASDAQ SHLD) traded up $0.06 during trading hours on Monday, reaching $4.14. 1,237,600 shares of the company traded hands, compared to its average volume of 1,586,337. Sears has a 1 year low of $3.62 and a 1 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.

Sears (NASDAQ:SHLD) last announced its quarterly earnings data on Thursday, November 30th. The company reported ($2.64) earnings per share (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 quarter in the prior year, the company posted ($3.45) EPS. The company’s quarterly revenue was down 27.2% compared to the same quarter last year.

In related news, major shareholder Bruce R. Berkowitz sold 143,800 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $4.61, for a total value of $662,918.00. Following the completion of the transaction, the insider now owns 799,516 shares of the company’s stock, valued at $3,685,768.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 38,800 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $4.26, for a total value of $165,288.00. Following the completion of the transaction, the insider now directly owns 799,516 shares of the company’s stock, valued at approximately $3,405,938.16. The disclosure for this sale can be found here. 89.00% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in shares of Sears during the third quarter worth about $1,541,000. California Public Employees Retirement System grew its holdings in shares of Sears by 4.8% during the third quarter. California Public Employees Retirement System now owns 451,827 shares of the company’s stock worth $3,298,000 after purchasing an additional 20,879 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Sears during the third quarter worth about $176,000. Canada Pension Plan Investment Board bought a new stake in shares of Sears during the third quarter worth about $493,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Sears during the third quarter worth about $230,000. Institutional investors own 60.19% of the company’s stock.

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Sears Company Profile

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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