Sears Holdings Corp. Hits New 52-Week Low at $35.30 (SHLD)
Shares of Sears Holdings Corp. (NASDAQ:SHLD) hit a new 52-week low during trading on Monday, AmericanBankingNews.com reports. The stock traded as low as $35.30 and last traded at $35.46, with a volume of 4,852,392 shares trading hands. The stock had previously closed at $36.71.
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 given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $27.00.
Sears Holdings Corp. has a one year low of $35.30 and a one year high of $67.50. The stock’s 50-day moving average is $48.53 and its 200-day moving average is $50.82. The company’s market cap is $3.775 billion. Sears Holdings Corp. also was the target of some unusual options trading on Friday. Investors purchased 22,750 put options on the stock. This is an increase of approximately 258% compared to the typical volume of 6,357 put options.
Sears Holdings Corp. (NASDAQ:SHLD) last released its 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 last year, the company posted ($1.99) earnings per share. Sears Holdings Corp.’s revenue was down 6.6% compared to the same quarter last year. 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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