Sears (SHLD) Given a $3.00 Price Target at Susquehanna Bancshares
Sears (NASDAQ:SHLD) has been given a $3.00 price target by investment analysts at Susquehanna Bancshares in a research note issued on Friday. The firm presently has a “sell” rating on the stock. Susquehanna Bancshares’ price target would indicate a potential downside of 22.48% from the company’s previous close.
Shares of Sears (SHLD) traded down $0.21 on Friday, reaching $3.87. The company’s stock had a trading volume of 2,303,113 shares, compared to its average volume of 1,585,397. The company has a current ratio of 0.92, a quick ratio of 0.23 and a debt-to-equity ratio of -0.66. Sears has a 12-month low of $3.62 and a 12-month high of $14.32.
Sears (NASDAQ:SHLD) last issued its earnings results on Thursday, November 30th. The company reported ($2.64) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($4.46) by $1.82. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the business posted ($3.45) EPS. Sears’s quarterly revenue was down 27.2% on a year-over-year basis.
Hedge funds have recently bought and sold shares of the stock. BlueCrest Capital Management Ltd acquired a new position in shares of Sears during the 2nd quarter worth approximately $117,000. KCG Holdings Inc. acquired a new position in shares of Sears during the 1st quarter worth approximately $129,000. Rhumbline Advisers increased its holdings in shares of Sears by 9.0% during the 2nd quarter. Rhumbline Advisers now owns 16,965 shares of the company’s stock worth $150,000 after acquiring an additional 1,394 shares during the last quarter. LMR Partners LLP acquired a new position in shares of Sears during the 3rd quarter worth approximately $176,000. Finally, ING Groep NV acquired a new position in shares of Sears during the 2nd quarter worth approximately $222,000. 60.00% of the stock is currently owned by institutional investors and hedge funds.
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Sears 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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