Is Sears Holdings Corporation (SHLD) a great bet right now?

Mae Love
December 7, 2017

Sears Holdings Corp. shares rose after investor Memento SA recommended the retailer consider going private, saying that "excessive" short selling has hammered the stock. The hedge fund run by Robert Jaffe held 100,462 shares of the department and specialty retail stores company at the end of 2017Q2, valued at $890,000, down from 1.41M at the end of the previous reported quarter. Goodhaven Cap Limited Liability reported 0.27% in Sears Holdings Corporation (NASDAQ:SHLD). Sears Hldgs Corp (NASDAQ:SHLD) has trailing twelve month Return on Assets of -16%, which is key indicator of how profitable a company is relative to its total assets. Federated Investors Inc Pa, a Pennsylvania-based fund reported 348 shares. About 2.02 million shares traded or 43.19% up from the average. Nationwide Fund reported 7,095 shares or 0% of all its holdings. D E Shaw & Commerce accumulated 14,242 shares or 0% of the stock.

Investors may also want to take a longer-term look at company shares.

Wall Street analysts are predicting that Sears Hldgs Corp (NASDAQ:SHLD) will report earnings per share of $-3.31 in their quarterly report. Manatuck Hill Prns Ltd Liability Co accumulated 28,800 shares. Morgan Stanley reported 352,779 shares. The stock was acquired at an average cost of $7.93 per share, for a total transaction of $4,170,672.48. Cyrus Capital Ptnrs Ltd Partnership holds 115,000 shares or 0.13% of its portfolio. Chou Mgmt has invested 3.11% of its portfolio in Sears Holdings Corporation (NASDAQ:SHLD). At the close of regular trading, its last week's stock price volatility was 7.17% which for the month reaches 8.05%.

Analysts at Moffett Nathanson has started coverage for shares of Sears Holdings (NASDAQ:SHLD) in a note released on Monday morning. Fine Capital Prns Ltd Partnership stated it has 2.82% of its portfolio in Sears Holdings Corporation (NASDAQ:SHLD). More interesting news about Sears Holdings Corporation (NASDAQ:SHLD) were released by: Seekingalpha.com and their article: "Sears: Why Even Bother?" published on November 15, 2017 as well as Fool.com's news article titled: "Sears Holdings Corp.: This Train Wreck Is Going Off of the Rails" with publication date: November 12, 2017. Therefore 0 are positive.

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"Sears has the potential for strong financial performance once it addresses a few critical concerns including, among others, the high volume of short-selling activity in its shares", Memento Chief Executive Officer Alessandro Mauceri said in the letter. It has underperformed by 46.51% the S&P500. Wolverine Asset Management Ltd Llc has 56,000 shares for 0.01% of their portfolio.

Among 3 analysts covering Sears Canada (NASDAQ:SHLD), 0 have Buy rating, 2 Sell and 1 Hold. Their average price target spell out an upbeat performance - a -2% and would give SHLD a market capitalization of almost $443.44M. Susquehanna initiated the stock with "Negative" rating in Friday, February 10 report. As per Thursday, September 3, the company rating was maintained by IBC.

"We have invested in Sears because of our belief in the long-term value of its vast national network of over 1,100 Sears and Kmart retail stores across the United States, the strength of its well-established proprietary brands, its position as the nation's leading provider of appliance and product fix services, and its insurance subsidiary", Alessandro Mauceri, the CEO of the firm, wrote. The company has market cap of $445.52 million. It operates through two divisions, Enterprise Software, and Appraisal and Tax. It now has negative earnings. Sears Canada had 4 analyst reports since September 3, 2015 according to SRatingsIntel.

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