Sears (NASDAQ:SHLD) Plunges On Quarter Loss – SHLD, JCP, TJX, M, SKS

Sears Holdings Corporation (NASDAQ:SHLD)’s shares plunged around 8% in afterhours trading on Thursday after it announced a smaller than anticipated quarterly loss as it managed costs and maintained a leaner inventory.

Sears’ Q3 net loss from constant operations extended to $498M, or $4.70 a share, from $410M, or $3.85 a share, per year earlier.

On average analysts had anticipated a loss of $2.18 a share, according to Thomson Reuters.
Sales plunged 6% to $8.86B, while analysts projected $8.59 billion.

Costs of sales, purchasing and occupancy, as well as selling and administrative expenses, were both down for the quarter. Inventory plunged $1.4B to $8.6B at Oct. 27.

Sears Holdings Corporation (NASDAQ:SHLD) traded at $58.48 by advancing 0.10% with price volatility of 4.04% for a week and 4.33% for a month plus price volatility’s Average True Range for 14 days was 2.58 and its beta stands at 1.92 times.

Stocks after opening at $58.38 hit high price of $59.28 and on last session stock held volume of 821,232 shares which was unexpectedly higher than its average volume of 727,218 shares.

Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.13 as current ratio and on the opponent side the debt to equity ratio was 0.74 and long-term debt to equity ratio remained 0.44. The Company had total cash at hand $730.00 million and a book value per share as $41.86 in the most recent quarter.

While investors who viewing SHLD against other stocks with the reference of profit margin that are J.C. Penney Company, Inc. (NYSE:JCP) small declined -3.58%, The TJX Companies, Inc. (NYSE:TJX) gained 7.10%, Macy’s, Inc. (NYSE:M) increased 4.99% and Saks Inc (NYSE:SKS) edged up 2.43%.

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