Edward Lampert

Last Update: 2014-07-31

Number of Stocks: 4
Number of New Stocks: 0

Total Value: $2,169 Mil
Q/Q Turnover: 0%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Edward Lampert Watch

  • Eddie Lampert Decreases AutoNation Position Below 9% in Brisk Selling

    At one point the owner of more than 77 million AutoNation (AN) shares, Eddie Lampert has continually shrunk the holding since 2010, filing it down to 8.98% from 9.45% of the company after selling 973,747 shares this week, according to Real Time Picks.


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  • GuruFocus Real Time Picks of the Week

    The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. It was a quiet week in guru trades but we did see a couple of trades coming from Mario Gabelli (Trades, Portfolio) and Edward Lampert (Trades, Portfolio).

    Mario Gabelli (Trades, Portfolio)  


  • Edward Lampert's Sears Holdings to Spin Off Lands' End

    Below is the Press Release from Sears Holdings.


    Sears Holdings Corporation Board of Directors Approves the Separation of its Lands' End Business and Establishes March 24, 2014 as the Record Date for the Pro-Rata Distribution of Shares of Lands' End, Inc. Common Stock

      


  • Eddie Lampert 2014 Shareholder Letter

    “Messer Hubbard and Bell want to install one of their “telephone devices” in every city. The idea is idiotic on the face of it. Furthermore, why would any person want to use this ungainly and impractical device when he can send a messenger to the telegraph office and have a clear written message sent to any large city in the United States?”


    This is an excerpt from a Western Union internal report in response to an offer from Alexander Graham Bell (inventor of the telephone) to sell his invention to Western Union for $100,000.

      


  • Eddie Lampert's Annual Sears Letter - 2014 Could Be the Year of Transformation for Sears

    February 27, 2014


    To Our Shareholders, Associates and Members:

      


  • GuruFocus Real Time Picks of the Week

    The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. This week we saw notable increases in Real Time activity from Steven Cohen (Trades, Portfolio) and Edward Lampert (Trades, Portfolio) .


    Steven Cohen (Trades, Portfolio)

      


  • Letter from Sears Holdings Chairman Eddie Lampert - Are New Ideas About How Retail Is Changing Really New?

    Data about the 2013 holiday season from a wide variety of retailers is feeding a growing consensus: store traffic has decreased significantly across the industry and may never return to previous levels.1 We don’t disagree with these conclusions, but we’re not at all sure that they are new.


    In fact, we launched a major transformation of Sears (SHLD) and Kmart years ago because we saw then that people had fundamentally and permanently changed how they shop as a result of the internet, social networking and mobile devices. Those changes have only intensified in recent years. That’s why we have been focusing so much of our collective efforts – and have invested such a high proportion of our company’s resources – into innovations like the Shop Your Way membership program and our buy online, pick up in store programs, which are the foundation of our Integrated Retail strategy.

      


  • Sears Holdings Provides Update on Fourth Quarter Business

    HOFFMAN ESTATES, Ill., Jan. 9, 2014 /PRNewswire/ -- Sears Holdings Corporation ("Holdings," "we," "us," "our," or the "Company") (SHLD) today is providing an update on our quarter-to-date performance and financial position.


    During the quarter, we continued to proactively transform our business to a member-centric integrated retailer leveraging our Shop Your Way™ ("SYW") program and platform. As previously stated, we are transitioning from a business that has historically focused on running a store network into a business that provides and delivers value by serving its members in the manner most convenient for them: whether in store, in home or through digital devices. We are driving this transformation by investing in capabilities to enable members access to the broadest possible assortment of products and services, enhancing our membership benefits associated with SYW, developing digital and social relationships with our members, using data and analytics to make targeted offers and decisions delivered in real time and expanding our reach through Marketplace and delivery options. 

      


  • Edward Lampert Cuts Sears to Meet Redemptions, Still Confident

    Though Edward Lampert insists cutting his stake in Sears had nothing to do with a loss of faith in the company, news of the reduction sent shares plunging more than 20% this week. The hedge fund manager and chief executive of Sears Holding (SHLD) cut back the scope of his ownership in the company from 55.4% to 48.4%, according to a regulatory filing released Tuesday.

    ESL Investments, the hedge fund of Lampert that is tracked by GuruFocus, retains 26,427,295 Sears shares after reducing the holding by 21.94%, or about 7,428,774 shares, from 33,856,069 shares held at the end of the third quarter. Lampert said the recent reduction was in order to distribute 7.4 million shares among clients who were withdrawing from his firm, meaning none of those reduced came from his personal holdings. Including his personal holdings, Lampert owns roughly 51.6 million Sears shares.  


  • AutoNation and the Cyclical Risk of the Auto Industry – Edward Lampert Starts Reducing

    According to GuruFocus Real Time Picks, on Nov. 29 Edward Lampert reduced his stake in AutoNation Inc. (AN). By Sept. 2013, Lampert owned 29% of AutoNation's common shares; so what made him cut back his position three times during November?

    The company operates as an automotive retailer in the U.S. The company operates in three segments: Domestic, Import and Premium Luxury. The first segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Chrysler. The second segment consists of retail automotive franchises that sell new vehicles manufactured by Toyota, Honda and Nissan. The last segment consists of retail automotive franchises that sell new vehicles manufactured by BMW, Lexus and Mercedes. The franchises in each segment also sell used vehicles, parts and automotive services, and automotive finance and insurance products.  


  • Eddie Lampert's Sears Reports $543 Million Net Loss in Q3

    HOFFMAN ESTATES, Ill., Nov. 21, 2013 /PRNewswire/ -- Sears Holdings Corporation (SHLD) today announced financial results for its third quarter ended November 2, 2013. Net loss attributable to Holdings' shareholders was $534 million, or $5.03 loss per diluted share, compared to $498 million, or $4.70 loss per diluted share, in the prior year quarter. Adjusted EBITDA was $(286) million for the third quarter of 2013, which was within the range of our previous guidance from October 29, compared to $(172) million in the prior year quarter. As a supplement to this earnings release, please see our presentation at our website http://searsholdings.com/invest.

    "We are proactively transforming our business to a member-centric integrated retailer leveraging Shop Your Way™ ("SYW") to benefit from the changing retail landscape. We are transitioning from a business that has historically focused on running a store network into a business that provides and delivers value by serving its members in the manner most convenient for them: whether in store, in home or through digital devices," said Edward S. Lampert, Sears Holdings' Chairman and Chief Executive Officer. "We are driving this transformation by investing in capabilities to enable members access to the broadest possible assortment of products and services, enhancing our membership benefits associated with SYW, developing digital and social relationships with our members, using data and analytics to make targeted offers and decisions delivered in real time and expanding our reach through Marketplace and delivery options."  


  • Down a Billion - Lampert Sells in Review, AutoNation Update

    A man of many hats and top investor Guru Edward “Eddie” Lampert also manages his firm ESL Investments. His third quarter portfolio lists 4 stocks at a total value of $2.99 billion, down almost a billion since April 2013. His quarter-over-quarter turnover is 0%.

    Also the Sears Holdings Corporation CEO, Lampert spent a good deal of his 2013 trading time methodically reducing his involvement in the Sears spinoff, Orchard Supply Hardware, from over a million shares in the first quarter of 2013 to 158,399 shares as of May 29, 2013.  


  • Overcoming Ouch - Edward Lampert Second Quarter Slash

    Investor, entrepreneurial savant and retail visionary, Edward Lampert, CEO of Sears Holdings Corporation and founder of ESL Investments, has seen a rare down cycle lately. His portfolio’s total value is down around a billion dollars since reports from May 2013.

    After fighting the slippery slopes of re-imagineering Sears and its spin-offs, including the troubled Orchard Supply Hardware (OSH, OSHWQ, OSHSQ), Lampert drastically cut his companies in the second quarter of 2013 but still holds 31.82% of Sears Holdings Corporation (SHLD) and 25.05% of Sears Hometown & Outlet Stores Inc. (SHOS), 2.23% of Gap Inc. (GPS) and 16.75% of AutoNation (AN).  


  • CEO and President of Sears Hometown & Outlet Stores Inc. Bruce Johnson Bought 3,000 Shares

    Sears Hometown & Outlet Stores Inc. was incorporated in Delaware on April 23, 2012. Sears Hometown has a market cap of $863.6 million; its shares were traded at around $42.63.

    On June 10, CEO and President of Sears Hometown & Outlet Stores Inc. (SHOS) Bruce Johnson bought 3,000 shares at an average price of $49.02. The total transaction amount was $147,060.  


  • AutoNation, A Contrarian Pick With Edward Lampert Aboard

    Who knows what changes a person would undergo if his or her wealth increases to the point that he or she is a billionaire? Some such people are particularly enjoyable to follow. One who has only been familiar to me for maybe two years is Edward Lampert of ESL Investments, a fund that has been labeled as activist. Mr. Lampert really made his fortune as a director of AutoZone (AZO), and anyone who is familiar with him knows that he has insight into the auto industry and stock repurchase programs. AutoNation (AN) is another of his profitable holdings. It is isolated from European economic problems that affect the wider automotive industry. As the stock has run up and out of analyst favor, it may become a contrarian pick, despite the fact that it sports a high valuation.

    Widely-followed money is behind AutoNation. Not only does ESL Investments maintain a sizable position that comprises over one third of its portfolio, but Bill and Melinda Gates are onboard too. However, ESL Investments and Joel Greenblatt have been trimming back and locking in gains. All of these parties are exceptionally well-advised.  


  • Visionary Retail Investor Lampert Sells Three

    Edward Lampert, founder of ESL Investments and top executive for Sears Holdings Corporation (SHLD), sold out holdings in three companies as of March 31, 2013. With a deep understanding of the everyday consumer, Lampert has made a fortune as a visionary retail investor. His portfolio is weighted with 97.6% in the consumer cyclical sector. Here’s a look at the retail-based companies Guru Lampert is letting go in his first quarter 2013 sell outs:

    Sold Out: AutoZone Inc. (AZO) – Specialty Retail  


  • Savant Edward Lampert, Top Six Holdings - Great Gains Despite One Bad Apple

    Here’s a look at the portfolio of investing Guru Edward Lampert, Number 68 on the Forbes list of 400 Richest Americans. Lampert wears multiple crowns as the founder of his own hedge fund ESL Investments and as the Chairman and CEO of Sears Holdings. Lampert’s reputation as a savant investor and creative mastermind has grown to near-mythic proportion. With super-gains like his top positions reveal, Lampert can afford one bad apple in the “Orchard.” Lampert is the matchmaker behind the Sears and Kmart union, which ultimately produced two spin-offs Sears Hometown & Outlet Stores, and the problem child, Orchard Supply Hardware. The ESL Investments portfolio is heavily weighted with consumer cyclical, reflecting that Guru Lampert reads the pulse of the people, how we live, what we drive, and what we wear.

    Here are Edward Lampert’s top six holdings:  


  • Countdown for Orchard – Edward Lampert Cuts OSH, Sears Backstory

    According to the GuruFocus 52-week low screener, Orchard Supply Hardware (OSH) is at a 52-week low, and 93.3% off its high. As Orchard Supply Hardware (OSH) faces possible default on a loan payment, top stakeholder Guru Edward Lampert, CEO of Sears Holding Corporation and founder of ESL Investments, reduced his Orchard Supply Hardware (OSH) position again by 16.25%, with remaining shares at 839,867, as of April 24, 2013. He traded at an average price of $1.55. The current price is $1.45, with a change from average down 6%. Seeking an out-of-court restructuring, Orchard Supply’s lawyers and advisers must strike a deal with lenders by May 1.

    Orchard Supply Hardware (OSH) operates neighborhood hardware and garden stores featuring products for home improvement, repair and the yard. Founded as a farmers’ cooperative in San Jose in 1931, the company has 89 stores in California.  


  • Edward Lampert Prunes Orchard – 52-Week Low, OSH 92.3% Off

    The GuruFocus 52-week low screener reveals that Orchard Supply Hardware (OSH), the Sears home and garden improvement spin-off, is way off by 92.3%. OSH shares are priced at $2.14, from the high of $27.93. The 52-week low value screen also shows that Sears CEO Edward Lampert is one of three Gurus still holding on.

    As of April 11, 2013, Sears CEO Edward Lampert, also founder of ESL Investments, reduced his Orchard Supply Hardware position again by 2.12%, with remaining shares at 1,005,329. He last pruned his Orchard position by 0.31% on April 1, 2013, and had trimmed multiple times prior in this quarter. Since first quarter in 2012, between shares bought and sold, Lampert’s average cost per share was $27, for a 92% loss.  


  • Eddie Lampert Hacks OSH - Is Sears Spinoff Spinning Out?

    Almost a year ago, Sears CEO Edward Lampert owned 2,122,707 OSH shares — today he owns about half of that. As of March 25, 2013, Lampert reduced his position in Orchard Supply Hardware (OSH), a Sears spinoff, for the third time since last summer. For quarter ending June 30, 2012, the 10% owner Lampert had reduced his position by 22.7%, then again for quarter ending Dec. 31, 2012, Lampert reduced by 29.51%. His most current trade, reducing by 8.7%, leaves him with current shares of 1,080,204. The current price of OSH shares is $3.97, and according to GuruFocus analysis, is off 47% year to date.

    What is going on with Orchard and its uber investor Guru Lampert, the mastermind of the Sears makeover? Orchard Supply Hardware is a David and Goliath story, but this time, there are many giants to battle. Orchard competes with home improvement and hardware heavies who have already figured out supply chain, pricing strategy and customer options. Orchard’s competitors include The Home Depot, Ace Hardware, Costco, Wal-Mart, Target, TrueValue and Lowe’s for house paint, garden tools, and other do-it-yourself products. Compare The Home Depot fiscal 2012 revenue of $70 billion to Orchard’s fiscal 2011 revenue of $660 million.  


Add Notes, Comments or Ask Questions

User Comments

Goforit
ReplyGoforit - 4 months ago
How are premium members of GuruFocus supposed to evaluate the list of Gurus when more often than not there is no historical performance records. Most of the time the "profile/performance" tab does not have anything on performance. Why not? Maybe it should just be called the "profile" tab. This is very frustrating.
Boca76
ReplyBoca76 - 7 months ago
There seems to be something wrong with the current shares numbers of AN



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