Sears Holdings Corporation Sees Unusually High Options Volume (SHLD)

Sears Holdings Corporation (NASDAQ:SHLD) saw some unusual options trading activity on Tuesday. Investors purchased 820 call options on the company. This is an increase of approximately 211% compared to the typical volume of 264 call options.

Sears Holdings Corporation (NASDAQ:SHLD) traded down 4.50% on Monday, reaching $6.37. The company had a trading volume of 1,613,514 shares. The stock’s 50-day moving average price is $8.36 and its 200-day moving average price is $9.29. The stock’s market capitalization is $683.28 million. Sears Holdings Corporation has a 12-month low of $5.50 and a 12-month high of $18.18.

Sears Holdings Corporation (NASDAQ:SHLD) last announced its quarterly earnings results on Thursday, May 25th. The company reported ($2.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.72) by $1.43. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.05 billion. Sears Holdings Corporation’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.86) earnings per share. On average, equities research analysts anticipate that Sears Holdings Corporation will post ($11.90) EPS for the current fiscal year.

In related news, Director Fairholme Capital Management L purchased 613,900 shares of the company’s stock in a transaction that occurred on Wednesday, March 22nd. The stock was acquired at an average price of $8.17 per share, with a total value of $5,015,563.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward S. Lampert purchased 525,936 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The stock was bought at an average cost of $7.93 per share, with a total value of $4,170,672.48. The disclosure for this purchase can be found here. In the last three months, insiders bought 1,576,436 shares of company stock valued at $12,866,293. 89.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in SHLD. KCG Holdings Inc. bought a new position in shares of Sears Holdings Corporation during the first quarter worth approximately $129,000. Capstone Investment Advisors LLC bought a new position in shares of Sears Holdings Corporation during the fourth quarter worth approximately $117,000. Boothbay Fund Management LLC bought a new position in shares of Sears Holdings Corporation during the fourth quarter worth approximately $123,000. PEAK6 Investments L.P. boosted its position in shares of Sears Holdings Corporation by 192.7% in the first quarter. PEAK6 Investments L.P. now owns 15,894 shares of the company’s stock worth $183,000 after buying an additional 10,464 shares during the period. Finally, Boyle Capital Management L.L.C. boosted its position in shares of Sears Holdings Corporation by 14.8% in the third quarter. Boyle Capital Management L.L.C. now owns 18,446 shares of the company’s stock worth $211,000 after buying an additional 2,379 shares during the period. 66.11% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on SHLD shares. Vetr raised Sears Holdings Corporation from a “strong sell” rating to a “sell” rating and set a $7.05 price target for the company in a research note on Thursday, May 18th. Susquehanna Bancshares Inc reaffirmed a “sell” rating on shares of Sears Holdings Corporation in a research note on Saturday, March 11th.

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Sears Holdings Corporation Company Profile

Sears Holdings Corporation is an integrated retailer. The Company is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co (Sears). The Company’s segments are Kmart and Sears Domestic. It also offers Shop Your Way, a member-based social shopping platform that offers rewards and personalized services.

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