Sears Holdings Shares Sold By Major Shareholder

Shares of Sears Holdings were sold by major shareholder Bruce Berkowitz in which he sold 41,700 shares valued up to $1,522,004.

In the most recent trading session, that the multinational company went through, Sears Holdings recorded the sale of 41,200 shares by one of the biggest shareholders of the company called Bruce Berkowitz. This transaction was recorded on Monday, 16th March 2015 in stock chart of the company in which Berkowitz was seen to sell shares at a price of $37.67 at an average. The transaction that was made resulted in the generation of $1,552,004. After the transaction was successfully carried out by the shareholder, he then became the owner of 71,700 shares of the company. His share in the company is valued at $2,700,939. This transaction has been submitted to the SEC as shareholders that own more than 10% of the companies are bound to report to the Securities Exchange Commission regarding any kind of trade that they undergo within the company’s stock index.

On Monday, 16th March 2015, Sears Holdings stock price was seen to experience a rise in trade by 0.68% which helped the share price reach $38.47. On the same trading session, the shares of the company have an average volume of 465,947 shares. The multinational company’s one-year high has been recorded at a price of $48.25 whereas, on the other hand, the one-year low of the company has been recorded at $22.45. Sear Holdings has a total market value which has been recorded by the stock exchange at $4.10 billion.

The stock quote of the Hoffman-based company disclosed that the earnings for the last quarter of 2014 were presented on Thursday, 26th February 2015 in which the company was seen to record earnings per share at $1.50. The financial analysts previously predicted that the company will report an EPS of $1.89, but a decline in the quarterly results was seen by the company. On the other hand, the company managed to raise revenue of $8.10 billion in the same quarter which was also $0.20 billion less than the estimated earnings.

However, the company witnessed an increase in quarterly earnings on a year-over-year basis as in the fourth quarter of 2013; Sears had recorded an EPS of $1.13. Nevertheless, the company’s earnings for the quarter saw a decline by 23.5% as compared to the same quarter earnings of 2013.

For the current year, analysts have predicted that Sears Holdings will post even lower EPS than the previous two years. The guidance that has been provided for the current financial year is that the company will only manage to make $9.96 EPS, which is much lower than what the company has been previously generating since it was founded.