Sears Holdings Corp. Rating Reiterated by Zacks (SHLD)
Sears Holdings Corp. (NASDAQ:SHLD)‘s stock had its “neutral” rating reiterated by Zacks in a report issued on Friday, American Banking and Market News reports. They currently have a $62.00 price target on the stock. Zacks‘ target price would suggest a potential upside of 5.39% from the company’s current price.
Zacks‘ analyst wrote, “We remain cautious about Sears Holdings’ future performance as declining sales continue to weigh on the company’s bottom-line results as reflected in the last reported quarter. The persistent weak performances at its Sears Canada and Kmart stores that have been adversely affected by Wal-Mart and dollar stores’ aggressive pricing and expansion strategies which are major drags on the company’s top-line results. However, we appreciate Sears Holdings’ efforts to improve its financial performance and liquidity position through various strategic measures. Sears is also focusing on cost containment, inventory management and merchandise initiatives to inflate margins. We commend the company’s strategy of capitalizing on opportunities, while increasing profitability through its revamped organizational structure and new operating model, which should enhance its top and bottom lines.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus downgraded shares of Sears Holdings Corp. (NASDAQ:SHLD) from a “hold” rating to a “sell” rating in a research note to investors on Monday, July 8th. Analysts at Desjardins raised their price target on shares of Sears Holdings Corp. (NASDAQ:SHLD) from C$10.00 to C$11.00 in a research note to investors on Monday, June 17th. They now have a “hold” rating on the stock.
Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $29.28.
Shares of Sears Holdings Corp. (NASDAQ:SHLD) traded up 1.07% during mid-day trading on Friday, hitting $59.46. 930,538 shares of the company’s stock traded hands. Sears Holdings Corp. has a 1-year low of $38.40 and a 1-year high of $68.77. The stock has a 50-day moving average of $44.41 and a 200-day moving average of $47.62. The company’s market cap is $6.331 billion.
Sears Holdings Corp. (NASDAQ:SHLD) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($1.46) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($1.10) by $0.36. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the prior year, the company posted ($0.86) earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. On average, analysts predict that Sears Holdings Corp. will post $-5.84 earnings per share for the current fiscal year.
Sears Holdings Corporation (NASDAQ:SHLD) is a retailer with 2,172 full-line and 1,338 specialty retail stores in the United States operating through Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co (Sears) and 500 full-line and specialty retail stores in Canada operating through Sears Canada Inc (Sears Canada), a 95%-owned subsidiary.
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