The stock of Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) hit a new 52-week low and has $4.21 target or 13.00% below today’s $4.84 share price. The 9 months bearish chart indicates high risk for the $105.49M company. The 1-year low was reported on Sep, 30 by Barchart.com. If the $4.21 price target is reached, the company will be worth $13.71M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 77,833 shares traded hands or 39.47% up from the average. Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) has declined 26.04% since February 26, 2016 and is downtrending. It has underperformed by 36.47% the S&P500.
According to Zacks Investment Research, “Sears Hometown and Outlet Stores, Inc. is a retailer primarily focused on selling home appliances, hardware, tools and lawn and garden equipment. The Company’s Sears Outlet Stores provide customers with in-store and online access to purchase new, one-of-a-kind, out-of-carton, discontinued, obsolete, used, reconditioned, overstocked and scratched and dented products, across a broad assortment of merchandise categories, including home appliances, lawn and garden equipment, apparel, mattresses, televisions, sporting goods and tools, and at prices that are significantly lower than manufacturers’ suggested retail prices. Sears Hometown and Outlet Stores, Inc. is based in Hoffman Estates, United States.”
Insitutional Activity: The institutional sentiment increased to 1.06 in Q2 2016. Its up 0.33, from 0.73 in 2016Q1. The ratio increased, as 9 funds sold all Sears Hometown and Outlet Stores Inc shares owned while 22 reduced positions. 13 funds bought stakes while 20 increased positions. They now own 12.56 million shares or 2.40% more from 12.26 million shares in 2016Q1.
Pnc Grp Incorporated last reported 1,217 shares in the company. Cornerstone Holdings Ltd Com has 0% invested in the company for 27,900 shares. Deutsche Comml Bank Ag holds 21,711 shares or 0% of its portfolio. Dimensional Fund Advisors L P owns 70,006 shares or 0% of their US portfolio. Morgan Stanley last reported 44,904 shares in the company. Moreover, Springbok Ltd Liability has 0.01% invested in Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) for 10,100 shares. Force Lc, a New York-based fund reported 104,907 shares. Blackrock Investment Limited Liability owns 40,938 shares or 0% of their US portfolio. Citigroup Incorporated accumulated 1,120 shares or 0% of the stock. Blackrock Fund Advsr holds 0% or 297,769 shares in its portfolio. Moreover, Connor Clark Lunn Investment Mgmt Ltd has 0% invested in Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) for 17,925 shares. Wells Fargo And Mn has 0% invested in the company for 20 shares. Invesco last reported 63,219 shares in the company. The Massachusetts-based Panagora Asset Mngmt has invested 0% in Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS). Tfs Capital Ltd holds 0.04% of its portfolio in Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) for 30,131 shares.
Insider Transactions: Since June 7, 2016, the stock had 5 insider purchases, and 0 insider sales for $259,426 net activity. Shares for $12,600 were bought by Powell William A.. 33,305 shares were bought by LAMPERT EDWARD S, worth $195,790. Robinson Ryan D bought 2,000 shares worth $12,720. Shares for $13,133 were bought by BIRD E J. Phelan William K had bought 4,200 shares worth $25,183 on Tuesday, September 6.
More notable recent Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) news were published by: Marketwatch.com which released: “Sears Hometown and Outlet Store revenue down 10%” on September 02, 2016, also Prnewswire.com with their article: “Sears Hometown And Outlet Stores, Inc. Reports First Quarter 2016 Results” published on June 03, 2016, Prnewswire.com published: “Sears Hometown And Outlet Stores, Inc. Reports Third Quarter 2015 Results” on December 04, 2015. More interesting news about Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) were released by: Prnewswire.com and their article: “Sears Hometown and Outlet Stores, Inc. Reports Second Quarter 2015 Results” published on September 04, 2015 as well as Prnewswire.com‘s news article titled: “Sears Hometown And Outlet Stores, Inc. Reports First Quarter 2015 Results” with publication date: June 05, 2015.
SHOS Company Profile
Sears Hometown and Outlet Stores, Inc., incorporated on April 23, 2012, 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 clients with access to a suite of related services, including home delivery, installation, and extended-service plans. The Firm and its dealers and franchisees operate approximately 1,160 stores across over 50 states, Puerto Rico and Bermuda. The Firm operates through two divisions: Sears Hometown and Hardware segment (Hometown) and Sears Outlet segment (Outlet).
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