Sears Holdings Corp Target of Unusually Large Options Trading (SHLD)
Sears Holdings Corp (NASDAQ:SHLD) was the target of some unusual options trading activity on Tuesday. Investors acquired 820 call options on the stock. This is an increase of approximately 211% compared to the typical volume of 264 call options.
In related news, Director Fairholme Capital Management L bought 222,100 shares of the company’s stock in a transaction dated Friday, March 17th. The stock was purchased at an average cost of $8.79 per share, with a total value of $1,952,259.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edward S. Lampert bought 525,936 shares of the company’s stock in a transaction dated Friday, March 24th. The stock was bought at an average cost of $7.93 per share, with a total value of $4,170,672.48. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,087,136 shares of company stock valued at $17,322,858 in the last three months. 80.60% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. KCG Holdings Inc. purchased a new stake in Sears Holdings Corp during the first quarter valued at approximately $129,000. Capstone Investment Advisors LLC bought a new position in shares of Sears Holdings Corp during the fourth quarter valued at approximately $117,000. Boothbay Fund Management LLC bought a new position in shares of Sears Holdings Corp during the fourth quarter valued at approximately $123,000. PEAK6 Investments L.P. raised its position in shares of Sears Holdings Corp by 192.7% in the first quarter. PEAK6 Investments L.P. now owns 15,894 shares of the company’s stock valued at $183,000 after buying an additional 10,464 shares during the last quarter. Finally, Boyle Capital Management L.L.C. raised its position in shares of Sears Holdings Corp by 14.8% in the third quarter. Boyle Capital Management L.L.C. now owns 18,446 shares of the company’s stock valued at $211,000 after buying an additional 2,379 shares during the last quarter. 67.17% of the stock is owned by institutional investors and hedge funds.
Sears Holdings Corp (NASDAQ:SHLD) traded up 1.40% during mid-day trading on Tuesday, reaching $7.96. 1,145,507 shares of the company’s stock were exchanged. The firm’s market capitalization is $852.92 million. The company’s 50-day moving average is $11.01 and its 200 day moving average is $9.93. Sears Holdings Corp has a one year low of $5.50 and a one year high of $18.18.
Sears Holdings Corp (NASDAQ:SHLD) last released its quarterly earnings results on Thursday, March 9th. The company reported ($1.28) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.85) by $1.57. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. The business’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.70) earnings per share. Equities analysts predict that Sears Holdings Corp will post ($10.24) earnings per share for the current fiscal year.
Several equities research analysts have recently commented on the stock. Susquehanna Bancshares Inc reaffirmed a “sell” rating on shares of Sears Holdings Corp in a research report on Saturday, March 11th. Vetr raised shares of Sears Holdings Corp from a “strong sell” rating to a “sell” rating and set a $7.05 target price for the company in a research report on Thursday, May 18th.
Sears Holdings Corp 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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