Sears Holdings Corp. Sees Unusually Large Options Volume (SHLD)
Sears Holdings Corp. (NASDAQ:SHLD) was the target of some unusual options trading activity on Friday. Stock investors bought 22,750 put options on the stock, AmericanBankingNews.com reports. This is an increase of approximately 258% compared to the average daily volume of 6,357 put options.
A number of analysts have recently weighed in on SHLD shares. Analysts at Zacks reiterated a “neutral” rating on shares of Sears Holdings Corp. in a research note to investors on Friday, December 6th. They now have a $52.00 price target on the stock. Separately, analysts at Desjardins raised their price target on shares of Sears Holdings Corp. from C$14.50 to C$15.00 in a research note to investors on Tuesday, November 12th. They now have a “hold” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Sears Holdings Corp. from a “sell” rating to a “neutral” rating in a research note to investors on Monday, November 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $27.00.
Sears Holdings Corp. (NASDAQ:SHLD) traded down 13.77% on Friday, hitting $36.71. 10,605,456 shares of the company’s stock traded hands. Sears Holdings Corp. has a one year low of $38.88 and a one year high of $67.50. The stock has a 50-day moving average of $50.02 and a 200-day moving average of $50.81. The company’s market cap is $3.908 billion.
Sears Holdings Corp. (NASDAQ:SHLD) last issued its quarterly earnings data on Thursday, November 21st. The company reported ($2.88) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.13) by $0.25. The company had revenue of $8.27 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the company posted ($1.99) earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. Analysts expect that Sears Holdings Corp. will post $-6.20 EPS 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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