Insider Activity of Sears Holdings Corporation (SHLD)
- Author: Zachary Reyes May 27, 2017,
May 27, 2017, 10:35
Panagora Asset Mngmt Inc owns 6,380 shares or 0% of their USA portfolio. Moreover, the analysts at FactSet have also given two Sell ratings for Sears.
Sears Holdings Corporation (SHLD) has a market capitalization of 908.63 Million which suggests the company is a huge company further suggesting that the shares of Sears Holdings Corporation (SHLD) are stable and safe compared to the lower market capitalization companies. The lowest 12-month price target for the shares is $4.00, which would be decrease of about -53% of its current value.
In other news, Director Fairholme Capital Management L purchased 281,900 shares of the business's stock in a transaction on Tuesday, March 14th. Finally, GSA Capital Partners LLP acquired a new position in Sears Holdings Corp during the fourth quarter valued at approximately $186,000. Institutional investors own 67.17% of the company's stock.
Shares of Sears Holdings Corp (NASDAQ:SHLD) inclined 13.52% to $8.48. The company has market cap of $945.13 million.
Is Sears Holdings Corporation Ready to Move higher? The stock exchanged hands with 9.58 million shares contrast to its average daily volume of 22.91 million shares. Sears Holdings Corp also was the target of some unusual options trading on Tuesday. This represents an increase of 211% compared to the average volume of 264 call options. LAMPERT EDWARD S bought $4.17M worth of Sears Holdings Corp (NASDAQ:SHLD) on Wednesday, March 22. Analysts are expecting EPS growth rates to be at -96.20% this quarter and EPS estimate for next year reflect a -12.80% growth rate.
The company reported its EPS on 03/09/2017. Sears Holdings Corp's revenue for the quarter was down 20.3% compared to the same quarter past year. (Sears). It now has negative earnings.
TRADEMARK VIOLATION NOTICE: This article was first published by Chaffey Breeze and is the property of of Chaffey Breeze. "Lowers Position in Sears Holdings Corp (SHLD)" was published by Markets Daily and is owned by of Markets Daily. If you are accessing this article on another publication, it was illegally stolen and republished in violation of United States and global trademark and copyright legislation. Peak6 Invests LP has invested 0% in Sears Holdings Corp (NASDAQ:SHLD). That's a potential -52.83 fall from where SHLD has been trading recently. The share price of the stock plunged -32.27% for the year. More interesting news about Sears Holdings Corp (NASDAQ:SHLD) were released by: Fool.com and their article: "Why Sears Holdings Corp". Integral Derivatives Ltd Liability Co accumulated 10,541 shares or 0% of the stock.
If we look at stock performance in last active day trading, we see that stock has moved climbs 0.84% to end the day at $45.41. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 80.60% of the company's stock.
The company's shares, which are heavily shorted, posted their biggest intraday percentage gain in more than three months. The disclosure for this purchase can be found here.
By historical standards, Sears Holdings Corporation remains a cheap stock.
For the Current Quarter, the growth estimate for Sears Holdings Corporation is -64%, while for the Next Quarter the stock growth estimate is -34.4%. The Company's divisions are Kmart and Sears Domestic.
Furthermore, the retail-store company also expanded Shop Your Way VIP reward program that leads to 50% growth in numbers of VIP members during the quarter.