Sears (NASDAQ:SHLD) has been assigned a $3.00 target price by analysts at Susquehanna Bancshares in a report issued on Friday. The firm currently has a “sell” rating on the stock. Susquehanna Bancshares’ target price indicates a potential downside of 26.47% from the stock’s current price.

Shares of Sears (SHLD) traded down $0.13 during mid-day trading on Friday, reaching $4.08. 8,269,500 shares of the company traded hands, compared to its average volume of 1,582,290. Sears has a 1 year low of $3.62 and a 1 year high of $14.32. The company has a quick ratio of 0.23, a current ratio of 0.92 and a debt-to-equity ratio of -0.66.

Sears (NASDAQ:SHLD) last posted its quarterly earnings data on Thursday, November 30th. The company reported ($2.64) EPS for the quarter, beating 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 company earned ($3.45) earnings per share. The company’s revenue was down 27.2% compared to the same quarter last year.

In other Sears news, major shareholder Bruce R. Berkowitz sold 38,800 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $4.26, for a total transaction of $165,288.00. Following the sale, the insider now directly owns 799,516 shares of the company’s stock, valued at approximately $3,405,938.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 143,800 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $4.61, for a total value of $662,918.00. Following the sale, the insider now directly owns 799,516 shares in the company, valued at $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 company. Vanguard Group Inc. lifted its stake in Sears by 19.3% in the 1st quarter. Vanguard Group Inc. now owns 2,410,353 shares of the company’s stock worth $27,695,000 after purchasing an additional 389,988 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Sears in the third quarter valued at $1,541,000. Morgan Stanley increased its stake in Sears by 85.1% in the first quarter. Morgan Stanley now owns 336,684 shares of the company’s stock valued at $3,869,000 after purchasing an additional 154,831 shares during the period. Balyasny Asset Management LLC increased its stake in Sears by 57.3% in the second quarter. Balyasny Asset Management LLC now owns 412,000 shares of the company’s stock valued at $3,650,000 after purchasing an additional 150,000 shares during the period. Finally, Credit Suisse AG increased its stake in Sears by 226.8% in the first quarter. Credit Suisse AG now owns 194,272 shares of the company’s stock valued at $2,232,000 after purchasing an additional 134,822 shares during the period. 60.00% of the stock is currently owned by institutional investors and hedge funds.

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About Sears

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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