Sears The Winning Underdog That Will Surprise Wall Street – CWEB.com
Recent insider trends for Sears Holdings Corporation (NASDAQ:SHLD) have caught the attention of investors.
Institutions own 58.21% of Sears Holdings Corporation (SHLD)’s shares. The total value of these holdings, in millions, is $152.
Among active positions in the latest quarter, 56 holders increased their positions by a total of 4.81 million shares.
Among new and sold out positions, 22 holders initiated new positions by a total of 2.36 million shares.
This nets out to an increase of 965200 shares and is a bullish sign for (NASDAQ:SHLD)
Sears Holdings (SHLD) releases preliminary numbers for Q4.
The company expects revenue of $4.4B during the quarter. EBITDA of -$10M to +$10M is anticipated and net income of $140M to $240M.
Sears reiterates that in order to remain a “viable competitor” in the face of a very challenging retail environment, it’s working to transform to a less asset-intensive business model, with a store footprint and digital capabilities meeting consumer needs and preferences.
This is a very good sign for the current ER.
Seritage’s (NYSE:SRG) non-joint venture property values can be used to estimate the value of Sears’s remaining owned real estate.
This gives an estimate of $2.2 billion to $2.4 billion for Sears’s remaining owned real estate.
Amazon’s (NASDAQ:AMZN) Whole Foods buyout put investors on notice it was crossing the nexus into a physical store presence as its next strategic step.
Now, speculation is that Target is in the cross hairs.
Could Sears prove to be the real deal maker for a take over?
In any event (NASDAQ:SHLD) has turned corners around and become profitable again.
CWEB Analyst have initiated a Buy Rating for (NASDAQ:SHLD) and a Price Target of $20 within 12 months.
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