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.

In other Sears news, major shareholder Bruce R. Berkowitz sold 38,800 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $4.26, for a total transaction of $165,288.00. Following the transaction, the insider now owns 799,516 shares of the company’s stock, valued at approximately $3,405,938.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 143,800 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $4.61, for a total value of $662,918.00. Following the transaction, the insider now directly owns 799,516 shares in the company, valued at approximately $3,685,768.76. The disclosure for this sale can be found here. Insiders own 89.00% of the company’s stock.

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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