Sears Holdings Corp (SHLD) Shares Fall After Sales Slide

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Sears Holdings Corp (NASDAQ:SHLD) announced their Q3 earnings on Thursday, showing a smaller quarterly loss over last year, after they cut payroll, and reduced advertising. The company, which also owns Kmart stores, said that their total revenue fell by approximately 20% after closing stores over the past year.

Revenue fell from $7.2 billion last year to just $5.8 billion this year (for Q3), but much of this can be blamed on the sale of stores in Canada. Shares this morning have fell slightly in morning trading.

The stock is down 0.65% or $0.13 following the news, hitting $20.28 per share. Approximately 743 shares traded hands. SHLD shares have declined 48.90% since April 30, 2015 and are currently downtrending. It has underperformed the S&P500 by 48.61%.

The institutional sentiment decreased to 0.74 in Q2 2015. It’s down 0.14, from 0.88 in 2015Q1. The ratio worsened, as 35 funds sold all their Sears Holdings Corp shares they owned while 61 reduced their positions. 31 funds bought stakes while 40 increased their total positions. Institutions now own 79.87 million shares which is 4.41% more than the previous share count of 76.49 million in 2015Q1.

Rbs Partners L.P. holds 40.35% of its total portfolio in Sears Holdings Corp, equating to 25.44 million shares. Fairholme Capital Management Llc owns 26.63 million shares representing 14.46% of their total US portfolio. Moreover, Force Capital Management Llc has 10.21% of their total portfolio invested in the company, equating to 1.81 million shares. The Ontario – Canada-based Chou Associates Management Inc. has a total of 7.31% of their portfolio invested in the stock. Prentice Capital Management Lp, a Connecticut-based fund reported 66,731 shares owned.

Since February 27, 2015, the stock had 7 insider purchases, and 2 sales for a total of $22.71 million in net activity. Lampert Edward S bought 200 shares worth $5,000. Berkowitz Bruce R bought 7,200 shares worth $163,008. Balagna Jeffrey A sold 11,094 shares worth $303,199.

Sears Holdings Corporation is an integrated retailer and a holding firm of Kmart Holding Corporation and Sears, Roebuck and Co. (Sears). The company has a market cap of $2.16 billion. The Firm operates through two business divisions: Kmart and Sears Domestic. It currently has negative earnings. The Firm operates a network of stores with approximately 1,725 full-line and specialty retail stores in the United States, operating through Kmart and Sears.

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