Moffett Nathanson assumed coverage on shares of Sears (NASDAQ:SHLD) in a research note issued to investors on Monday. The firm set a “sell” rating on the stock.

Other equities research analysts also recently issued reports about the company. Susquehanna Bancshares set a $3.00 target price on shares of Sears and gave the company a “sell” rating in a research note on Friday, December 1st. ValuEngine upgraded shares of Sears from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The stock presently has an average rating of “Sell” and an average target price of $5.03.

Shares of Sears (NASDAQ SHLD) opened at $4.08 on Monday. Sears has a 1 year low of $3.62 and a 1 year 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.

Sears (NASDAQ:SHLD) last issued its quarterly earnings results on Thursday, November 30th. The company reported ($2.64) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($4.46) by $1.82. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.68 billion. The company’s revenue for the quarter was down 27.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($3.45) earnings per share.

In related news, major shareholder Bruce R. Berkowitz sold 38,800 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $4.26, for a total value of $165,288.00. Following the completion of the sale, the insider now owns 799,516 shares in the company, valued at $3,405,938.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Bruce R. Berkowitz sold 143,800 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $4.61, for a total transaction of $662,918.00. Following the completion of the sale, the insider now owns 799,516 shares of the company’s stock, valued at approximately $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 institutional investors and hedge funds have recently made changes to their positions in SHLD. BlueCrest Capital Management Ltd bought a new position in Sears during the second quarter worth about $117,000. KCG Holdings Inc. bought a new position in Sears during the first quarter worth about $129,000. Rhumbline Advisers lifted its stake in Sears by 9.0% during the second quarter. Rhumbline Advisers now owns 16,965 shares of the company’s stock worth $150,000 after purchasing an additional 1,394 shares during the period. LMR Partners LLP bought a new position in Sears during the third quarter worth about $176,000. Finally, ING Groep NV bought a new position in Sears during the second quarter worth about $222,000. Hedge funds and other institutional investors own 60.19% of the company’s stock.

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About Sears

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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