Sears (SHLD) Stock Rating Upgraded by ValuEngine

Sears (NASDAQ:SHLD) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.

Separately, Susquehanna Bancshares set a $3.00 target price on shares of Sears and gave the stock a “sell” rating in a report on Friday.

Shares of Sears (NASDAQ:SHLD) traded down $0.21 during midday trading on Friday, reaching $3.87. 2,303,112 shares of the company’s stock were exchanged, compared to its average volume of 1,589,716. 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 1 year low of $3.62 and a 1 year 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 business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the prior year, the business earned ($3.45) EPS. The business’s revenue was down 27.2% on a year-over-year basis.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. KCG Holdings Inc. bought a new stake in shares of Sears during the first quarter valued at approximately $129,000. BlueCrest Capital Management Ltd bought a new stake in shares of Sears during the second quarter valued at approximately $117,000. Rhumbline Advisers raised its holdings in shares of Sears by 9.0% during the second quarter. Rhumbline Advisers now owns 16,965 shares of the company’s stock valued at $150,000 after buying an additional 1,394 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Sears during the third quarter valued at approximately $176,000. Finally, ING Groep NV bought a new stake in shares of Sears during the second quarter valued at approximately $222,000. 60.00% of the stock is currently owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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