Zacks: Sears Holdings Corp (SHLD) Receives Consensus Recommendation of “Strong Sell” from Brokerages

Sears Holdings Corp (NASDAQ:SHLD) has earned an average broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation.

Zacks has also given Sears an industry rank of 21 out of 255 based on the ratings given to its competitors.

SHLD has been the subject of several research reports. ValuEngine raised shares of Sears from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. S&P Equity Research lowered their price target on shares of Sears from $1.45 to $1.23 in a research report on Friday, August 31st.

Shares of SHLD traded up $0.06 during mid-day trading on Friday, hitting $0.41. The company’s stock had a trading volume of 8,774,997 shares, compared to its average volume of 2,153,549. Sears has a 52-week low of $0.34 and a 52-week high of $6.83. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of -0.80.

In other news, major shareholder Bruce R. Berkowitz sold 80,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $1.24, for a total value of $99,200.00. Following the completion of the sale, the insider now owns 719,516 shares of the company’s stock, valued at approximately $892,199.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 42,400 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $0.83, for a total transaction of $35,192.00. Following the completion of the sale, the insider now directly owns 605,116 shares of the company’s stock, valued at approximately $502,246.28. The disclosure for this sale can be found here. Insiders sold a total of 916,800 shares of company stock valued at $908,832 in the last ninety days. Corporate insiders own 56.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in SHLD. Aperio Group LLC raised its stake in shares of Sears by 300.4% during the 2nd quarter. Aperio Group LLC now owns 45,143 shares of the company’s stock worth $107,000 after acquiring an additional 33,868 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Sears by 37.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 126,556 shares of the company’s stock worth $300,000 after acquiring an additional 34,347 shares in the last quarter. Federated Investors Inc. PA raised its stake in shares of Sears by 18,855.3% during the 1st quarter. Federated Investors Inc. PA now owns 37,342 shares of the company’s stock worth $100,000 after acquiring an additional 37,145 shares in the last quarter. Northern Trust Corp raised its stake in shares of Sears by 105.2% during the 2nd quarter. Northern Trust Corp now owns 392,092 shares of the company’s stock worth $930,000 after acquiring an additional 201,030 shares in the last quarter. Finally, BlueMountain Capital Management LLC bought a new position in shares of Sears during the 2nd quarter worth approximately $503,000. 57.61% of the stock is owned by hedge funds and other institutional investors.

Sears Company Profile

Sears Holdings Corporation operates as an integrated retailer in the United States. It operates in two segments, Kmart and Sears Domestic. The Kmart segment operates retail stores that offer a range of products, including consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and in-store pharmacies.

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