Price Action Report: Sears Hometown and Outlet Stores Inc’s Stock Is Sell After Achieving All-Time Low

Price Action Report: Sears Hometown and Outlet Stores Inc's Stock Is Sell After Achieving All Time Low

The stock of Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) reached all time low today, Sep, 30 and still has $4.27 target or 13.00% below today’s $4.91 share price. This indicates more downside for the $107.01 million company. This technical setup was reported by Barchart.com. If the $4.27 PT is reached, the company will be worth $13.91 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 101,566 shares traded hands or 82.00% 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 2016 Q2. 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.
Citigroup accumulated 0% or 1,120 shares. Springbok Mgmt Limited Liability holds 0.01% of its portfolio in Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) for 10,100 shares. Creative Planning last reported 0% of its portfolio in the stock. Connor Clark Lunn Inv Management Ltd has invested 0% of its portfolio in Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS). Parametric Port Limited Liability last reported 0% of its portfolio in the stock. Grp Inc last reported 0% of its portfolio in the stock. California State Teachers Retirement, a California-based fund reported 23,594 shares. Blackrock Inc accumulated 0% or 15,484 shares. Landscape Capital Mgmt Ltd Liability last reported 0.01% of its portfolio in the stock. Ancora Advsrs Lc holds 0.06% of its portfolio in Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) for 71,800 shares. Geode Capital Mgmt Ltd Liability reported 78,453 shares or 0% of all its holdings. The Florida-based Fairholme Capital Mngmt Lc has invested 0.36% in Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS). Manufacturers Life Insurance The accumulated 678 shares or 0% of the stock. Blackrock Limited holds 0% or 59,488 shares in its portfolio. Numeric Ltd Liability last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 7, 2016, the stock had 5 buys, and 0 sales for $259,426 net activity. Robinson Ryan D also bought $12,720 worth of Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) on Wednesday, June 8. 2,400 shares were bought by BIRD E J, worth $13,133 on Wednesday, September 7. Powell William A. bought $12,600 worth of Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) on Tuesday, June 7. Shares for $25,183 were bought by Phelan William K on Tuesday, September 6. $195,790 worth of Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) shares were bought by LAMPERT EDWARD S.

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).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment