Sears and Best Buy surge on Wall Street
- Author: Anthony Vega May 26, 2017,
May 26, 2017, 8:13
While Sears CEO Eddie Lampert recently invoked declining sales at numerous company's rivals, Sears' declines are far deeper than those of Macy's (m) and J.C. Penney (jcp). During the same quarter past year, the firm earned ($1.86) EPS. The company has market cap of $851.86 million.
Susquehanna began new coverage on Sears Holdings Corporation giving the company a "negative" rating. This represents an increase of 211% compared to the average daily volume of 264 call options.
For the Current Quarter, the growth estimate for Sears Holdings Corporation is 61.3%, while for the Next Quarter the stock growth estimate is -34.4%. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Results: Adjusted per-share loss of $2.15. Another trade for 222,100 shares valued at $1.95M was made by FAIRHOLME CAPITAL MANAGEMENT LLC on Wednesday, March 15. 12,696 were reported by Capstone Invest Advsrs Limited Liability Company.
Still, Sears' business deterioration had accelerated over the past few quarters despite protests by Lampert that he had tried to transform it to become more focused on members while less reliant on its physical stores. The stock was acquired at an average cost of $7.93 per share, for a total transaction of $4,170,672.48. The disclosure for this purchase can be found here. The stock decreased 0.89% or $0.07 during the last trading session, reaching $7.78.
According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 4 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Great West Life Assurance Can invested in 2,500 shares. If you are reading this article on another site, it was illegally stolen and republished in violation of global copyright & trademark law. Savings Bank Of America Corp De stated it has 0% in Sears Holdings Corp (NASDAQ:SHLD).
Sears was given a boost this past week when it said that it was able to extend maturity dates on some debt. Macquarie Research maintained the shares of CVC in report on Friday, August 14 with "Neutral" rating. The correct version of this article can be accessed at https://www.themarketsdaily.com/2017/05/25/sears-holdings-corp-shld-announces-quarterly-earnings-results.html.
Surprisingly, shares of Sears surged as much as 27% to $9.50 in afternoon trading as investors cheered the company's loss coming in better than expectations.
01/09/2015 - Sears Holdings Corporation had its "underperform" rating reiterated by analysts at Credit Suisse. Sears Holdings has been closing its namesake and Kmart stores and selling brands long affiliated with Sears, including Craftsman. The Company's segments are Kmart and Sears Domestic. Moreover, Vanguard Grp Inc Inc has 0% invested in Sears Holdings Corp (NASDAQ:SHLD) for 2.02 million shares.