Sears CEO blasts power tool supplier in blogpost

15 Mai, 2017, 23:52 | Author: Marc Bacque

If Sears Holdings goes down, as a number of retail analysts have predicted, its chairman and CEO Eddie Lampert won't go out without a fight. Investors bought 1,363 put options on the company. The company's stock had a trading volume of 1,987,744 shares. The firm's market capitalization is $880.78 million.

Sears Holdings Corp Chief Executive Officer Edward Lampert lashed out at a supplier, which has threatened to terminate a supply deal with the struggling retailer. The stock has a 50-day moving average of $11.46 and a 200-day moving average of $10.09. The company reported ($1.28) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($2.85) by $1.57. The business had revenue of $6.05 billion for the quarter, compared to analysts' expectations of $5.89 billion. He noted that Sears Holdings buys more than $13 billion a year in goods and services from all of its vendors combined and "we have always met our payment obligations". During the same quarter past year, the company earned ($1.70) earnings per share. Analysts anticipate that Sears Holdings Corp will post ($10.24) earnings per share for the current fiscal year. Sears Holdings Corp also saw some unusual options trading activity on Friday. They set a "negative" rating and a $4.00 price target on the stock.

In other news, Director Fairholme Capital Management L acquired 222,100 shares of the firm's stock in a transaction that occurred on Friday, March 17th. The stock was acquired at an average price of $7.93 per share, with a total value of $4,170,672.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The shares were bought at an average cost of $8.13 per share, with a total value of $2,330,058.00. The disclosure for this purchase can be found here. 2,451,462 shares of the company's stock traded hands. Company insiders own 80.60% of the company's stock. Vanguard Group Inc. boosted its position in Sears Holdings Corp by 19.3% in the first quarter. Wells Fargo & Company MN now owns 24,461 shares of the company's stock worth $281,000 after buying an additional 2,583 shares during the period. Sears Holdings Corp earned a daily sentiment score of 0.12 on Alpha One's scale.

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University of MI professor and noted insider trading researcher discovered that when insiders bought shares of their own companies, the stocks outperformed the total market by 8.9% over the next 12-month period. Stonehill Capital Mgmt Ltd Company has invested 4.54% of its portfolio in Sears Holdings Corp (NASDAQ:SHLD). Sears Holdings Corp has a 52 week low of $5.50 and a 52 week high of $18.18. Boyle Capital Management L.L.C. raised its position in Sears Holdings Corp by 14.8% in the third quarter. Institutional investors own 67.17% of the company's stock. If you are accessing this report on another publication, it was stolen and republished in violation of global copyright & trademark laws. The legal version of this report can be read at https://www.themarketsdaily.com/2017/05/15/sears-holdings-corp-shld-given-coverage-optimism-rating-of-0-17-updated-updated.html. The Firm is the parent firm of Kmart Holding Corporation and Sears, Roebuck and Co. (Sears). The Company's segments are Kmart and Sears Domestic.

Last week, at Sears' annual shareholder meeting, Lampert criticized the media for recent articles raising the specter of a Sears' bankruptcy mind plunging sales and liquidity challenges, saying such stories were making Sears' turnaround harder to pull off and only focused on the company's problems without covering areas of success.

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