Edward S. Lampert Purchases 95,156 Shares of Sears Hometown and Outlet Stores, Inc. (SHOS) Stock
Sears Hometown and Outlet Stores, Inc. (NASDAQ:SHOS) major shareholder Edward S. Lampert acquired 95,156 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were purchased at an average cost of $1.45 per share, for a total transaction of $137,976.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Sears Hometown and Outlet Stores, Inc. (NASDAQ SHOS) traded up $0.25 during midday trading on Thursday, hitting $1.85. 391,400 shares of the stock were exchanged, compared to its average volume of 87,367. The company has a current ratio of 1.71, a quick ratio of 0.16 and a debt-to-equity ratio of 0.01. Sears Hometown and Outlet Stores, Inc. has a 12-month low of $1.38 and a 12-month high of $5.50.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Sears Hometown and Outlet Stores by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 81,207 shares of the company’s stock valued at $219,000 after acquiring an additional 2,771 shares during the last quarter. Quinn Opportunity Partners LLC lifted its stake in shares of Sears Hometown and Outlet Stores by 2.5% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 133,584 shares of the company’s stock worth $361,000 after purchasing an additional 3,262 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of Sears Hometown and Outlet Stores by 1,123.3% in the 3rd quarter. Royce & Associates LP now owns 294,785 shares of the company’s stock worth $752,000 after purchasing an additional 270,688 shares during the period. 46.29% of the stock is currently owned by hedge funds and other institutional investors.
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Sears Hometown and Outlet Stores, Inc is a national retailer primarily focused on selling home appliances, lawn and garden equipment, tools, and hardware. In addition to merchandise, the Company provides its customers with access to a suite of related services, including home delivery, installation, and extended-service plans.
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