The stock of Sears Holdings Corp (NASDAQ:SHLD) hit a new 52-week low and has $9.86 target or 8.00% below today’s $10.72 share price. The 5 months bearish chart indicates high risk for the $1.13 billion company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $9.86 price target is reached, the company will be worth $90.40M 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 335,166 shares traded hands. Sears Holdings Corp (NASDAQ:SHLD) has declined 35.37% since March 10, 2016 and is downtrending. It has underperformed by 42.89% the S&P500.
According to Zacks Investment Research, “Sears Holdings Corporation, the parent of Kmart and Sears, Roebuck and Co., is the leading home appliance retailer in North America and is a retail sales leader in tools, lawn and garden, home electronics, and automotive repair and maintenance. Key proprietary brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands’ End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands.”
Insitutional Activity: The institutional sentiment decreased to 0.79 in Q2 2016. Its down 0.21, from 1 in 2016Q1. The ratio worsened, as 31 funds sold all Sears Holdings Corp shares owned while 36 reduced positions. 16 funds bought stakes while 37 increased positions. They now own 72.78 million shares or 3.02% more from 70.64 million shares in 2016Q1.
Geode Cap Management Limited Liability, a Massachusetts-based fund reported 334,410 shares. The Switzerland-based Swiss Savings Bank has invested 0% in Sears Holdings Corp (NASDAQ:SHLD). Chou Associate Mngmt owns 1.03 million shares or 1.9% of their US portfolio. Laurion Capital Limited Partnership last reported 11,304 shares in the company. Oz Mgmt Limited Partnership holds 430,600 shares or 0.03% of its portfolio. First Manhattan Com last reported 533 shares in the company. Horizon Kinetics Limited Liability Company, a New York-based fund reported 2.27 million shares. Savings Bank Of America Corporation De, a North Carolina-based fund reported 300,517 shares. Wolverine Asset Mngmt Limited Liability holds 0% or 16,150 shares in its portfolio. First Republic, a California-based fund reported 11,699 shares. Bnp Paribas Arbitrage holds 0% of its portfolio in Sears Holdings Corp (NASDAQ:SHLD) for 18,531 shares. Tci Wealth Advsr Inc, a Arizona-based fund reported 37 shares. The California-based Old West Mngmt Ltd Limited Liability Company has invested 8.05% in Sears Holdings Corp (NASDAQ:SHLD). Citigroup has 1,481 shares for 0% of their US portfolio. Eaton Vance owns 12,107 shares or 0% of their US portfolio.
Insider Transactions: Since June 3, 2016, the stock had 3 buys, and 2 sales for $6.94 million net activity. FAIRHOLME CAPITAL MANAGEMENT LLC also bought $1.28 million worth of Sears Holdings Corp (NASDAQ:SHLD) shares.
More notable recent Sears Holdings Corp (NASDAQ:SHLD) news were published by: Foxbusiness.com which released: “Sears Holding Corp CEO Eddie Lampert Swears He Isn’t Closing Kmart” on October 09, 2016, also Fool.com with their article: “Why Sears Holdings Corporation Stock Dropped 17% Last Month” published on October 05, 2016, Prnewswire.com published: “WallyHomeâ„¢ Introduces Second Generation Monitoring System With “Rapid …” on October 12, 2016. More interesting news about Sears Holdings Corp (NASDAQ:SHLD) were released by: Fool.com and their article: “The End Is Quickly Approaching for Sears Holdings Corp.” published on September 21, 2016 as well as Nasdaq.com‘s news article titled: “Commit To Purchase Sears Holdings Corp At $3, Earn 22.3% Using Options” with publication date: September 26, 2016.
SHLD Company Profile
Sears Holdings Corporation, incorporated on November 23, 2004, is an integrated retailer. The Firm is the parent firm of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. (Sears). The Firm operates through two divisions: Kmart and Sears Domestic. It also offers Shop Your Way, a member social shopping platform that offers rewards and personalized services. Shop Your Way connects all of the ways members shop-in store, at home, online and by phone. The Firm is the home appliance retailer, as well as offers tools, lawn and garden, fitness equipment, automotive repair and maintenance. The Company’s brands include Kenmore, Craftsman and DieHard. It also maintains a range of apparel and home offering, including labels, such as Jaclyn Smith, Joe Boxer, Route 66, Cannon, Ty Pennington Style and Levi’s and also offers Lands’ End merchandise in some of its Full-line stores. Additionally, it offers the Adam Levine and Nicki Minaj collections in approximately 500 Kmart stores and on shopyourway.com/kmart.com. It is also a well-known provider of home services, with over 10 million service and installation calls made annually.
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