Sears (NASDAQ:SHLD) Raised to Hold at BidaskClub

Sears (NASDAQ:SHLD) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Tuesday, April 10th.

Several other analysts also recently weighed in on the stock. Susquehanna Bancshares dropped their target price on shares of Sears from $3.00 to $2.50 and set a “negative” rating for the company in a report on Thursday, January 11th. ValuEngine upgraded shares of Sears from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, S&P Equity Research dropped their price target on shares of Sears from $2.59 to $2.30 in a research note on Tuesday, March 27th. Four investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The company currently has an average rating of “Sell” and an average target price of $3.95.

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Shares of SHLD stock traded down $0.26 during trading on Tuesday, hitting $3.09. 1,169,503 shares of the stock traded hands, compared to its average volume of 2,002,266. 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 business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $2.86, for a total transaction of $1,003,002.00. Following the completion of the transaction, the insider now owns 799,516 shares in the company, valued at $2,286,615.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 56.80% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in SHLD. Cyrus Capital Partners L.P. purchased a new stake in Sears in the fourth quarter valued at $2,764,000. GSA Capital Partners LLP purchased a new stake in Sears in the third quarter valued at $1,541,000. Fine Capital Partners L.P. lifted its position 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 valued at $10,299,000 after acquiring an additional 193,822 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Sears by 286.8% in the fourth quarter. SG Americas Securities LLC now owns 119,389 shares of the company’s stock valued at $427,000 after buying an additional 88,521 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Sears by 206.7% in the fourth quarter. Deutsche Bank AG now owns 130,986 shares of the company’s stock valued at $467,000 after buying an additional 88,279 shares during the last quarter. 57.99% of the stock is owned by hedge funds and other institutional investors.

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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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