Sears (NASDAQ:SHLD) had its price target lowered by analysts at Susquehanna Bancshares from $3.00 to $2.50 in a research note issued to investors on Thursday. The brokerage currently has a “negative” rating on the stock. Susquehanna Bancshares’ target price suggests a potential downside of 24.01% from the company’s previous close.

A number of other equities analysts also recently commented on SHLD. ValuEngine upgraded Sears from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. Moffett Nathanson assumed coverage on Sears in a research note on Monday, December 4th. They issued a “sell” rating on the stock. Finally, BidaskClub raised Sears from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. Five analysts have rated the stock with a sell rating, The company currently has an average rating of “Sell” and an average target price of $4.78.

Shares of Sears (SHLD) traded up $0.16 during trading on Thursday, hitting $3.29. The company had a trading volume of 4,569,900 shares, compared to its average volume of 2,317,829. The company has a debt-to-equity ratio of -0.51, a quick ratio of 0.19 and a current ratio of 0.80. The company has a market capitalization of $372.97, a P/E ratio of -0.30 and a beta of 1.36. Sears has a one year low of $3.09 and a one year high of $14.32.

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

In related news, major shareholder Bruce R. Berkowitz sold 2,212,400 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 799,516 shares of the company’s stock, valued at $2,670,383.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 38,800 shares of the company’s stock in a transaction on Monday, November 13th. The stock was 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 directly owns 799,516 shares in the company, valued at $3,405,938.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,810,700 shares of company stock worth $9,643,473. 89.00% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the stock. BlueCrest Capital Management Ltd purchased a new stake in Sears in the second quarter worth $117,000. Rhumbline Advisers grew its stake in shares of Sears by 9.0% in the second quarter. Rhumbline Advisers now owns 16,965 shares of the company’s stock worth $150,000 after acquiring an additional 1,394 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of Sears in the third quarter worth $176,000. Fox Run Management L.L.C. purchased a new stake in shares of Sears in the third quarter worth $230,000. Finally, Quantitative Investment Management LLC purchased a new stake in shares of Sears in the second quarter worth $240,000. 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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