Sears Holdings Corp. Target of Unusually Large Options Trading (SHLD)
Shares of Sears Holdings Corp. (NASDAQ:SHLD) were the target of some unusual options trading on Wednesday. Investors acquired 6,672 put options on the stock, AnalystRatingsNetwork reports. This represents an increase of approximately 274% compared to the average daily volume of 1,784 put options.
Several analysts have recently commented on the stock. Analysts at CIBC downgraded shares of Sears Holdings Corp. to a “sector performer” rating in a research note on Thursday, May 15th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Sears Holdings Corp. in a research note on Friday, April 4th. They now have a $53.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Sears Holdings Corp. in a research note on Monday, March 3rd. They now have a $47.00 price target on the stock. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.33.
Shares of Sears Holdings Corp. (NASDAQ:SHLD) traded down 3.66% on Wednesday, hitting $36.56. The stock had a trading volume of 2,377,915 shares. Sears Holdings Corp. has a one year low of $31.26 and a one year high of $67.50. The stock has a 50-day moving average of $40.7 and a 200-day moving average of $45.2. The company’s market cap is $3.892 billion.
Sears Holdings Corp. (NASDAQ:SHLD) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.96) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.82) by $0.86. The company had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue was down 13.6% on a year-over-year basis. Analysts expect that Sears Holdings Corp. will post $-7.46 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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