Sears (SHLD) Hits New 52-Week Low at $3.45

Shares of Sears Holdings Corp (NASDAQ:SHLD) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $3.45 and last traded at $3.44, with a volume of 764248 shares trading hands. The stock had previously closed at $3.48.

A number of research firms have issued reports on SHLD. BidaskClub cut shares of Sears from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 19th. Susquehanna Bancshares set a $3.00 target price on shares of Sears and gave the company a “sell” rating in a research note on Friday, December 1st. Moffett Nathanson began coverage on shares of Sears in a research note on Monday, December 4th. They issued a “sell” rating for the company. Finally, ValuEngine upgraded shares of Sears from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st. Five investment analysts have rated the stock with a sell rating, The company presently has a consensus rating of “Sell” and an average price target of $5.03.

The company has a debt-to-equity ratio of -0.51, a current ratio of 0.80 and a quick ratio of 0.19. The firm has a market capitalization of $368.04, a P/E ratio of -0.31 and a beta of 1.36.

Sears (NASDAQ:SHLD) last issued its quarterly earnings data on Thursday, November 30th. The company reported ($2.64) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($4.46) by $1.82. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same quarter in the previous year, the firm posted ($3.45) earnings per share. Sears’s quarterly revenue was down 27.2% compared to the same quarter last year.

In other news, major shareholder Bruce R. Berkowitz sold 143,800 shares of the business’s stock in a transaction on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Bruce R. Berkowitz sold 38,800 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $4.26, for a total transaction of $165,288.00. Following the completion of the sale, the insider now owns 799,516 shares of the company’s stock, valued at $3,405,938.16. The disclosure for this sale can be found here. 89.00% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in SHLD. BlueCrest Capital Management Ltd bought a new position in Sears during the second quarter worth $117,000. Rhumbline Advisers increased its position in Sears by 9.0% during the second quarter. Rhumbline Advisers now owns 16,965 shares of the company’s stock worth $150,000 after acquiring an additional 1,394 shares during the period. LMR Partners LLP bought a new position in Sears during the third quarter worth $176,000. Fox Run Management L.L.C. bought a new position in Sears during the third quarter worth $230,000. Finally, Quantitative Investment Management LLC bought a new position in Sears during the second quarter worth $240,000. 60.10% of the stock is currently owned by institutional investors and hedge funds.

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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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