|Bid||3.58 x 900|
|Ask||3.69 x 1100|
|Day's Range||3.47 - 3.71|
|52 Week Range||1.99 - 10.76|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Lowe's has started carrying a collection of Craftsman tools and accessories, with more on the way. That's bad news for Sears Holdings, which still earns a tidy profit selling Craftsman products.
Sears Holdings SHLD CEO Eddie Lampert admits his retail empire isn't what he imagined it would become when he brought Sears and Kmart together 13 years ago. He had his eyes set then on being "the next Warren Buffett ," and Sears Holdings was supposed to be his Berkshire Hathaway, says one former top Sears executive. Sears and Kmart were already lacking so many resources, namely investment capital to fend off online upstarts like Amazon AMZN , and an experienced bench of retail executives, so these early cuts took an enormous toll.
As Sears celebrates its 125th anniversary, it isn't the same as it once was — a household name, "the everything store" and the largest retailer in the U.S. Sears shares hit an all-time high of $195.18 in April 2007, but currently trade under $4 apiece. From this point, Sears CEO Eddie Lampert envisions a much smaller business and his goal is still to get back to profitability.
Moody's Investors Service, ("Moody's") has affirmed the ratings on 11 classes in UBS-Citigroup Commercial Mortgage Trust 2011-C1, Commercial Mortgage Pass-Through Certificates, Series 2011-C1 ...
Moody's Investors Service, ("Moody's") has affirmed the ratings on 12 classes in UBS-Barclays Commercial Mortgage Trust 2012-C2, Commercial Mortgage Pass-Through Certificates, Series 2012-C2 ...
Although it is one of the most recognized technology names, Tesla Inc (NASDAQ:TSLA) has been recently making news for the wrong reasons. Primarily, investors are losing confidence that CEO Elon Musk has the right mentality to keep Tesla moving forward. As a result, TSLA stock took a beating.
Moody's Investors Service, ("Moody's") has affirmed the ratings on fourteen classes in WFRBS Commercial Mortgage Trust 2012-C8, Commercial Mortgage Pass-Through Certificates, Series 2012-C8, ...
The retail giant posted earnings of $2.58 billion, but analysts had expected it to announce earnings of $2.61 billion for the first quarter. Comparable-store sales are estimated to be between 0% and 2% in fiscal 2018. On J.C. Penney's earnings call, CEO Marvin Ellison stated that the company suffered after unseasonable weather.
As of May 15, Sears Holdings (SHLD) stock is down 2.2% to $3.50 on a YTD (year-to-date) basis. In contrast, Macy’s (M) stock has risen 18.8% to $29.93, while Kohl’s (KSS) stock had risen 16.5% to $63.19 YTD. On the other hand, JCPenney (JCP) has fallen 7.9% to $2.91 on a YTD basis as of May 15, 2018.
Sears Holdings (SHLD) is expected to announce first-quarter results on May 23. Wall Street estimates the company will report a gross margin of 21.7%, up 20 basis points on a YoY (year-over-year) basis. Sears continues to slash costs, and it expects to achieve $200 million in savings in 2018 driven by its streamlining efforts.
In a decade of disruption and bankruptcy in the U.S. auto industry, American Tire Distributors Inc. seemed to be a relative picture of calm. The sprawling company is suddenly struggling to repair investor confidence. With ATD’s bonds trading at less than half of face value, Moody’s Investors Service predicts it may ultimately need to restructure its $1.8 billion of debt.
Sears Holdings (SHLD) is expected to report revenue declines of 33.6% to $2.9 billion in the first quarter. Sears’s revenue has been decelerating for quite some time now. Store closures continue to be the primary contributor to the revenue decline.
Sears Holdings is making plans to sell more of its assets. However, there isn't enough value there to cover the company's massive liabilities.
The ratings on the P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. The rating on the IO class, Cl. X-1, was affirmed based on the credit quality of its referenced classes. Performance that falls outside the given range can indicate that the collateral's credit quality is stronger or weaker than Moody's had previously expected.
At 1,225, the S&P 500 Information Technology Sector is a stone's throw away from its March 12 record high of 1,233. Shares of Facebook and Apple have risen 13% and 7%, respectively, during the last month.
Last year, Amazon (AMZN) and department store operator Kohl’s (KSS) entered a partnership that spurred a lot of questions, and some were wondering whether Kohl’s was making a deal with the devil. Because of the rise of online shopping pioneered by Amazon, legacy retailers like Walmart (WMT) and Target (TGT) have been forced to adjust by closing some stores and reducing their workforce amid declining sales and store traffic.
Last year, Amazon (AMZN) spent $13.7 billion to acquire organic foods retailer Whole Foods along with its 450 plus physical stores. The acquisition of Whole Foods was Amazon’s most expensive investment in physical stores to showcase its products and provide convenient pickup locations for its online shoppers. This month, Amazon deepened its ties with department stores operator Sears Holdings (SHLD), which operates over 1,000 store locations.
Home Depot (HD) is trading down today, following its first-quarter earnings. Home Depot blamed weather for disappointing same-store sales. Ulta Beauty (ULTA) shares are higher today, thanks to an upgrade from Oppenheimer. Analyst Rupesh Parikh boosted his rating on the shares to Outperform from Perform and raised his price target to $280 from $220.
Retail investors will watch with interest as Macy’s Inc (NYSE:M) reports Q1 earnings. Macy’s stock still suffers from the competitive challenge posed by online retailing. Macy’s has shown it can survive and maintain a generous dividend.
On May 14, Sears Holdings (SHLD) stock jumped 6.7% to close at $3.65 after the company’s announcement that it was considering the sale of some of its assets. Sears stated that it had formed a special committee of independent directors to look for third-party buyers as well as explore strategic alternatives to unlock value for the company. Sears added that the committee would also be exploring ESL Investments’ proposal.
Sears was once the biggest retailer in America; its catalogs were in mailboxes all across the U.S. for decades. Today, the company is fighting to stay alive, hamstrung by billions of dollars in debt and declining sales. Still, Sears Chief Executive Edd...