Sears (SHLD) Shares Down 5.2%

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Sears Holdings Corp (NASDAQ:SHLD) dropped 5.2% during mid-day trading on Monday . The stock traded as low as $1.27 and last traded at $1.27. Approximately 20,528 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 1,848,563 shares. The stock had previously closed at $1.34.

SHLD has been the topic of several research analyst reports. ValuEngine upgraded Sears from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. BidaskClub upgraded Sears from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th. Finally, Susquehanna Bancshares reiterated a “negative” rating and issued a $4.00 price objective on shares of Sears in a report on Thursday, June 7th.

The company has a debt-to-equity ratio of -0.74, a quick ratio of 0.23 and a current ratio of 0.80.

Sears (NASDAQ:SHLD) last issued its quarterly earnings results on Thursday, May 31st. The company reported ($3.93) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.51) by ($2.42). The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the business posted ($2.15) EPS. Sears’s revenue for the quarter was down 31.2% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently modified their holdings of SHLD. Deutsche Bank AG increased its holdings in Sears by 206.7% during the 4th quarter. Deutsche Bank AG now owns 130,986 shares of the company’s stock worth $467,000 after purchasing an additional 88,279 shares during the period. SG Americas Securities LLC increased its holdings in Sears by 608.3% during the 1st quarter. SG Americas Securities LLC now owns 845,620 shares of the company’s stock worth $2,258,000 after purchasing an additional 726,231 shares during the period. KBC Group NV purchased a new stake in Sears during the 1st quarter worth about $933,000. Federated Investors Inc. PA increased its holdings in 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 purchasing an additional 37,145 shares during the period. Finally, Saba Capital Management L.P. increased its holdings in Sears by 48.8% during the 1st quarter. Saba Capital Management L.P. now owns 1,179,665 shares of the company’s stock worth $3,150,000 after purchasing an additional 387,125 shares during the period. Institutional investors own 54.57% of the company’s stock.

Sears Company Profile (NASDAQ:SHLD)

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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