Sears (NASDAQ:SHLD) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Thursday.

Other equities research analysts have also issued reports about the company. ValuEngine raised Sears from a “strong sell” rating to a “sell” rating in a research report on Friday, December 1st. Moffett Nathanson began coverage on Sears in a report on Monday, December 4th. They set a “sell” rating on the stock. Finally, Susquehanna Bancshares set a $3.00 price target on Sears and gave the company a “sell” rating in a report on Friday, December 1st. Five equities research analysts have rated the stock with a sell rating, Sears has an average rating of “Sell” and an average target price of $5.03.

Sears (NASDAQ:SHLD) traded down $0.13 during midday trading on Thursday, reaching $4.29. The company’s stock had a trading volume of 808,700 shares, compared to its average volume of 1,830,277. Sears has a 52-week low of $3.62 and a 52-week high of $14.32. The company has a debt-to-equity ratio of -0.51, a current ratio of 0.80 and a quick ratio of 0.19.

Sears (NASDAQ:SHLD) last released its quarterly earnings results on Thursday, November 30th. The company reported ($2.64) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($4.46) by $1.82. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.68 billion. The firm’s revenue was down 27.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($3.45) EPS.

In related news, major shareholder Bruce R. Berkowitz sold 38,800 shares of Sears 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 transaction, the insider now directly owns 799,516 shares of the company’s stock, valued at $3,405,938.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Bruce R. Berkowitz sold 143,800 shares of Sears 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 transaction, 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. 89.00% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in SHLD. State Street Corp raised its position in shares of Sears by 5.9% during the second quarter. State Street Corp now owns 2,087,415 shares of the company’s stock worth $18,496,000 after acquiring an additional 116,765 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of Sears in the 2nd quarter valued at $117,000. Morgan Stanley boosted its holdings in shares of Sears by 85.1% in the 1st 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 in the last quarter. Cyrus Capital Partners L.P. boosted its holdings in shares of Sears by 283.3% in the 2nd quarter. Cyrus Capital Partners L.P. now owns 115,000 shares of the company’s stock valued at $1,019,000 after purchasing an additional 85,000 shares in the last quarter. Finally, Manatuck Hill Partners LLC acquired a new stake in shares of Sears in the 2nd quarter valued at $255,000. 60.19% of the stock is currently owned by hedge funds and other 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.

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