ValuEngine Downgrades Sears Holdings Corporation (NASDAQ:SHLD) to Strong Sell
Sears Holdings Corporation (NASDAQ:SHLD) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, July 6th.
Other analysts have also recently issued research reports about the company. BidaskClub upgraded Sears Holdings Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Vetr raised Sears Holdings Corporation from a “strong sell” rating to a “sell” rating and set a $7.05 price objective for the company in a research note on Thursday, May 18th. Finally, Susquehanna Bancshares Inc reaffirmed a “sell” rating on shares of Sears Holdings Corporation in a research note on Saturday, March 11th.
Shares of Sears Holdings Corporation (NASDAQ SHLD) traded down 3.92% on Thursday, reaching $8.33. The company’s stock had a trading volume of 928,463 shares. Sears Holdings Corporation has a 12-month low of $5.50 and a 12-month high of $18.18. The company’s 50-day moving average is $8.02 and its 200 day moving average is $8.77. The company’s market capitalization is $893.52 million.
Sears Holdings Corporation (NASDAQ:SHLD) last issued its quarterly earnings results on Thursday, May 25th. The company reported ($2.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by $1.43. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.05 billion. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. During the same period last year, the firm posted ($1.86) EPS. Equities analysts anticipate that Sears Holdings Corporation will post ($11.20) earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the company. KCG Holdings Inc. acquired a new position in Sears Holdings Corporation during the first quarter worth $129,000. PEAK6 Investments L.P. raised its position in shares of Sears Holdings Corporation by 192.7% in the first quarter. PEAK6 Investments L.P. now owns 15,894 shares of the company’s stock worth $183,000 after buying an additional 10,464 shares during the last quarter. Rhumbline Advisers raised its position in shares of Sears Holdings Corporation by 9.0% in the second quarter. Rhumbline Advisers now owns 16,965 shares of the company’s stock worth $150,000 after buying an additional 1,394 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Sears Holdings Corporation during the fourth quarter worth approximately $186,000. Finally, Karp Capital Management Corp purchased a new position in shares of Sears Holdings Corporation during the first quarter worth approximately $272,000. 65.54% of the stock is owned by hedge funds and other institutional investors.
Sears Holdings Corporation 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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