Sears (SHLD) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of Sears (NASDAQ:SHLD) from a sell rating to a hold rating in a research note released on Tuesday morning.

SHLD has been the topic of a number of other research reports. ValuEngine upgraded shares of Sears from a strong sell rating to a sell rating in a report on Friday, February 2nd. Susquehanna Bancshares dropped their target price on shares of Sears from $3.00 to $2.50 and set a negative rating on the stock in a report on Thursday, January 11th. Finally, S&P Equity Research dropped their target price on shares of Sears from $2.59 to $2.30 in a report on Tuesday, March 27th. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. Sears presently has a consensus rating of Sell and a consensus price target of $3.95.

NASDAQ:SHLD opened at $3.40 on Tuesday. Sears has a 52 week low of $1.99 and a 52 week high of $14.32. The company has a quick ratio of 0.21, a current ratio of 0.78 and a debt-to-equity ratio of -0.60.



In related news, major shareholder Bruce R. Berkowitz sold 350,700 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $2.86, for a total value of $1,003,002.00. Following the sale, the insider now owns 799,516 shares in the company, valued at $2,286,615.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 56.80% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Cyrus Capital Partners L.P. purchased a new stake in Sears in the fourth quarter worth approximately $2,764,000. Deutsche Bank AG boosted its holdings in Sears by 206.7% in the fourth 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 last quarter. Fine Capital Partners L.P. boosted its holdings in Sears by 7.2% in the fourth quarter. Fine Capital Partners L.P. now owns 2,876,895 shares of the company’s stock worth $10,299,000 after purchasing an additional 193,822 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Sears by 286.8% in the fourth quarter. SG Americas Securities LLC now owns 119,389 shares of the company’s stock worth $427,000 after purchasing an additional 88,521 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Sears in the third quarter worth approximately $1,541,000. Institutional investors own 57.99% of the company’s stock.

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Sears Company Profile

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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