Analysts Set $2.50 Target Price for Sears Holdings (SHLD)

Sears Holdings (NASDAQ:SHLD) has been assigned an average broker rating score of 5.00 (Strong Sell) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong sell rating.

Brokerages have set a 12-month consensus price target of $2.50 for the company, according to Zacks. Zacks has also assigned Sears an industry rank of 197 out of 265 based on the ratings given to related companies.

Several analysts recently commented on the stock. BidaskClub upgraded shares of Sears from a “sell” rating to a “hold” rating in a research report on Tuesday, April 10th. ValuEngine upgraded shares of Sears from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, S&P Equity Research reduced their price target on shares of Sears from $2.59 to $2.30 in a research report on Tuesday, March 27th.

SHLD stock opened at $3.31 on Tuesday. Sears has a 12 month low of $1.99 and a 12 month high of $10.76. The company has a debt-to-equity ratio of -0.60, a quick ratio of 0.21 and a current ratio of 0.78.

Sears (NASDAQ:SHLD) last released its quarterly earnings results on Wednesday, March 14th. The company reported ($2.01) EPS for the quarter. The company had revenue of $4.38 billion for the quarter.

A number of hedge funds have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA increased its stake in Sears by 18,855.3% in the 1st quarter. Federated Investors Inc. PA now owns 37,342 shares of the company’s stock valued at $100,000 after buying an additional 37,145 shares during the period. Deutsche Bank AG increased its stake in Sears by 206.7% in the 4th 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 period. SG Americas Securities LLC increased its stake in Sears by 286.8% in the 4th 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 period. Fine Capital Partners L.P. increased its stake in Sears by 7.2% in the 4th quarter. Fine Capital Partners L.P. now owns 2,876,895 shares of the company’s stock valued at $10,299,000 after buying an additional 193,822 shares during the period. Finally, KBC Group NV acquired a new position in Sears in the 1st quarter valued at $933,000. Hedge funds and other institutional investors own 54.95% of the company’s stock.

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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