Sears (SHLD) Upgraded to “Sell” at BidaskClub

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

SHLD has been the topic of a number of other reports. Susquehanna Bancshares lowered their price target on Sears from $3.00 to $2.50 and set a “negative” rating on the stock in a report on Thursday. ValuEngine raised Sears from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. Finally, Moffett Nathanson began coverage on Sears in a report on Monday, December 4th. They issued a “sell” rating on the stock. Five equities research analysts have rated the stock with a sell rating, The stock has a consensus rating of “Sell” and a consensus target price of $4.78.

Sears (SHLD) traded up $0.28 during mid-day trading on Friday, hitting $3.60. The stock had a trading volume of 3,410,463 shares, compared to its average volume of 2,150,000. Sears has a 12-month low of $3.09 and a 12-month high of $14.32. The company has a current ratio of 0.80, a quick ratio of 0.19 and a debt-to-equity ratio of -0.51. The stock has a market cap of $387.41, a PE ratio of -0.33 and a beta of 1.36.

Sears (NASDAQ:SHLD) last posted its quarterly earnings data on Thursday, November 30th. The company reported ($2.64) earnings per share 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 analysts’ expectations of $3.68 billion. During the same period in the previous year, the firm earned ($3.45) earnings per share. The firm’s quarterly revenue was down 27.2% on a year-over-year basis.

In related news, 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 of the company’s stock, valued at approximately $3,685,768.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 2,212,400 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $3.34, for a total value of $7,389,416.00. Following the completion of the transaction, the insider now directly owns 799,516 shares in the company, valued at $2,670,383.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,810,700 shares of company stock worth $9,643,473. 89.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp increased its stake in Sears by 5.9% in the 2nd 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 bought a new stake in Sears in the 2nd quarter worth approximately $117,000. GSA Capital Partners LLP bought a new stake in Sears in the 3rd quarter worth approximately $1,541,000. Cyrus Capital Partners L.P. increased its stake in Sears by 283.3% in the 2nd quarter. Cyrus Capital Partners L.P. now owns 115,000 shares of the company’s stock worth $1,019,000 after acquiring an additional 85,000 shares during the last quarter. Finally, Manatuck Hill Partners LLC bought a new stake in Sears in the 2nd quarter worth approximately $255,000. 60.10% 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.

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