BidaskClub upgraded shares of Sears (NASDAQ:SHLD) from a strong sell rating to a sell rating in a research note issued to investors on Thursday.

SHLD has been the topic of several other reports. ValuEngine raised Sears from a strong sell rating to a sell rating in a report on Friday, December 1st. Moffett Nathanson started coverage on Sears in a report on Monday, December 4th. They set a sell rating on the stock. Finally, Susquehanna Bancshares set a $3.00 target price on Sears and gave the stock a sell rating in a report on Friday, December 1st. Five investment analysts have rated the stock with a sell rating, Sears presently has an average rating of Sell and an average price target of $5.03.

Sears (NASDAQ SHLD) traded down $0.13 during trading on Thursday, reaching $4.29. The company had a trading volume of 809,500 shares, compared to its average volume of 1,584,589. Sears has a 12-month low of $3.62 and a 12-month high of $14.32. The company has a current ratio of 0.80, a quick ratio of 0.19 and a debt-to-equity ratio of -0.51.

Sears (NASDAQ:SHLD) last posted its earnings results on Thursday, November 30th. The company reported ($2.64) EPS for the quarter, topping the consensus estimate of ($4.46) by $1.82. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.68 billion. The firm’s revenue was down 27.2% on a year-over-year basis. During the same period last year, the business earned ($3.45) earnings per share.

In other Sears news, major shareholder Bruce R. Berkowitz sold 143,800 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $4.61, for a total transaction of $662,918.00. Following the transaction, the insider now owns 799,516 shares in the company, valued at $3,685,768.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 38,800 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $4.26, for a total value of $165,288.00. Following the transaction, the insider now owns 799,516 shares in the company, valued at approximately $3,405,938.16. The disclosure for this sale can be found here. Corporate insiders own 89.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Sears by 19.3% in the first quarter. Vanguard Group Inc. now owns 2,410,353 shares of the company’s stock valued at $27,695,000 after acquiring an additional 389,988 shares in the last quarter. State Street Corp lifted its position in shares of Sears by 5.9% in the second quarter. State Street Corp now owns 2,087,415 shares of the company’s stock valued at $18,496,000 after acquiring an additional 116,765 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Sears by 4.8% in the third quarter. California Public Employees Retirement System now owns 451,827 shares of the company’s stock valued at $3,298,000 after acquiring an additional 20,879 shares in the last quarter. Balyasny Asset Management LLC lifted its position in shares of Sears by 57.3% in the second quarter. Balyasny Asset Management LLC now owns 412,000 shares of the company’s stock valued at $3,650,000 after acquiring an additional 150,000 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Sears by 2.9% in the first quarter. Geode Capital Management LLC now owns 354,623 shares of the company’s stock valued at $4,073,000 after acquiring an additional 10,126 shares in the last quarter. Institutional investors and hedge funds own 60.10% of the company’s stock.

WARNING: “Sears (SHLD) Raised to Sell at BidaskClub” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://www.watchlistnews.com/sears-shld-raised-to-sell-at-bidaskclub/1757650.html.

About Sears

Sears Holdings Corporation is an integrated retailer. The Company is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co (Sears). The Company’s segments are Kmart and Sears Domestic. It also offers Shop Your Way, a member-based social shopping platform that offers rewards and personalized services.

Receive News & Ratings for Sears Holdings Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sears Holdings Corporation and related companies with MarketBeat.com's FREE daily email newsletter.