Sears Holdings Corporation (SHLD) Shares Bought by State Street Corp
State Street Corp boosted its stake in Sears Holdings Corporation (NASDAQ:SHLD) by 2.2% during the first quarter, Holdings Channel reports. The institutional investor owned 1,970,650 shares of the company’s stock after buying an additional 41,668 shares during the period. State Street Corp’s holdings in Sears Holdings Corporation were worth $22,640,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. KCG Holdings Inc. purchased a new stake in shares of Sears Holdings Corporation during the first quarter valued at approximately $129,000. PEAK6 Investments L.P. raised its stake 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 valued at $183,000 after buying an additional 10,464 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Sears Holdings Corporation during the first quarter valued at approximately $272,000. Wells Fargo & Company MN raised its stake in shares of Sears Holdings Corporation by 11.8% in the first quarter. Wells Fargo & Company MN now owns 24,461 shares of the company’s stock valued at $281,000 after buying an additional 2,583 shares in the last quarter. Finally, LMR Partners LLP purchased a new stake in shares of Sears Holdings Corporation during the first quarter valued at approximately $354,000. Institutional investors own 65.54% of the company’s stock.
Sears Holdings Corporation (NASDAQ:SHLD) traded up 1.27% during midday trading on Thursday, hitting $8.78. The stock had a trading volume of 304,625 shares. The stock’s market cap is $941.79 million. 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 price is $8.34 and its 200 day moving average price is $8.76.
Sears Holdings Corporation (NASDAQ:SHLD) last posted its earnings results on Thursday, May 25th. The company reported ($2.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.72) by $1.43. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the business posted ($1.86) EPS. Sears Holdings Corporation’s quarterly revenue was down 20.3% on a year-over-year basis. On average, equities research analysts predict that Sears Holdings Corporation will post ($11.20) earnings per share for the current fiscal year.
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Several equities research analysts have commented on SHLD shares. BidaskClub upgraded Sears Holdings Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Vetr upgraded Sears Holdings Corporation from a “strong sell” rating to a “sell” rating and set a $7.05 target price for the company in a research note on Thursday, May 18th. Finally, ValuEngine lowered Sears Holdings Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 6th.
About Sears Holdings Corporation
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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