Edward Lampert

Last Update: 11-15-2016

Number of Stocks: 10
Number of New Stocks: 0

Total Value: $882 Mil
Q/Q Turnover: 0%

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

Edward Lampert Watch

  • US Retailers May Look Valuable, but Watch the Trap

    After some poor holiday trading updates, investors have fled the U.S. retail sector in droves in the past few weeks extending the exodus from retail stocks that has been ongoing for around six months.

    For contrarian investors, this exodus has thrown up an interesting opportunity. Shares in retailers such as JCPenney Co. Inc. (NYSE:JCP), Kohl's Corp. (NYSE:KSS), Dillard’s Inc. (NYSE:DDS), Macy’s Inc. (NYSE:M), Sears Holdings Corp. (NASDAQ:SHLD) and Nordstrom Inc. (NYSE:JWN) have fallen to 52-week lows and are now trading at relatively appealing valuations.


  • Sears Sells Craftsman Brand to Stanley Black & Decker

    Sears Holdings Corp. (NASDAQ:SHLD) announced today it is selling its well-known Craftsman tool brand to Stanley Black & Decker (NYSE:SWK) and will be closing 150 stores.

    Stanley Black & Decker will pay Sears $525 million at the close of the deal. After three years, it will pay $250 million. After that, Sears will be paid 2.5% to 3.5% of Craftsman sales for the remainder of a 15-year period. The total payment is estimated to amount to $900 million.


  • Sears CEO Eddie Lampert of ESL Investments Sells 4 Portfolio Stocks

    Eddie Lampert raised approximately $75 million selling stocks from his hedge fund’s portfolio in the third quarter. It is unknown whether any of the proceeds went toward a $300 loan he made to his struggling retailer Sears Holdings (NASDAQ:SHLD) in September, but he also spent nothing on new investments or increases to existing positions over the period.

    Since taking over as CEO in 2013, Lampert has made several loans to the company he has described in his blog as “a membership-focused, integrated retailer in the process of transforming from a traditional retail company,” since its creation in 2005 through the combining of Sears and Kmart. Sears has seen a 7.9% annual rate of revenue decline in the past five years and has not produced a profit since 2012.


  • Guru and Insider Invests in Lands' End

    Edward Lampert (Trades, Portfolio), insider and 10% owner of Lands’ End (NASDAQ:LE), purchased 412,294 shares in eight separate transactions on eight separate days, according to the Securities and Exchange Commission.


  • Insiders Roundup: Facebook, FedEx

    The All-in-One Screener can be used to find insider buys and sells over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying to “$200,000+” duration to "August 2016” and “August 2016” and All Insider Sales to “$5,000,000+”.

    According to the above filters, the following are recent buys and sells from company insiders in the past week.


  • Bruce Berkowitz Leans Toward Lands’ End

    Bruce Berkowitz (Trades, Portfolio) of Fairholme Capital Management increased his position in Lands’ End Inc. (NASDAQ:LE) by 11.8% on Sept. 30.

    Berkowitz founded Fairholme Capital Management in 1997. He manages a concentrated portfolio in companies that have great management, generate free cash flow and are undervalued. He also will invest in mediocre companies that are trading at a significant discount to their intrinsic values but also have potential catalysts.


  • Lands’ End CEO Steps Down

    Federica Marchionni, CEO of Lands’ End Inc. (NASDAQ:LE), announced she was stepping down on Monday. Her resignation marks the departure of the company's second CEO since it diverged from Sears Holdings Corp. (NASDAQ:SHLD) in 2014.

    Marchionni has been with the clothing manufacturer since February 2015. A former executive at Ferrari and Dolce & Gabbana, she arrived with the vision of transforming the company, known for its outdoorsy apparel, to a more fashion forward brand. She added slimmer-fitting clothing, stiletto heels and a new line of athletic wear to the company’s product line. These efforts have not resonated well with loyal customers.


  • Sears Holdings Reports Steep Loss, Takes Loan From Lampert in Q2

    Sears Holdings reported a second-quarter earnings loss Thursday as it continues to pursue its strategy of “transformation” under leadership of well-known hedge fund manager Eddie Lampert.

    Sears had a net loss of $395 million and $3.70 per diluted share, compared to net earnings of $208 million and $1.84 for the second quarter last year. The losses came as the struggling retailer witnessed comparable store sales decline by 3.3% at Kmart and 7% at Sears Domestic.


  • Edward Lampert Adds 2 Companies to Portfolio in 2nd Quarter

    Edward Lampert (Trades, Portfolio), founder of RBS Partners LP and chairman of Sears Holdings Corp. (NASDAQ:SHLD), invested in two stocks – Seagate Technology Inc. (NASDAQ:STX) and Fossil Group Inc. (NASDAQ:FOSL) – in the second quarter that are new to his portfolio.

    Lampert’s portfolio reflected transactions in five stocks during the quarter.


  • Gap Closes In on Its P/S Ratio 10-year Low

    Gap Inc. (NYSE:GPS) is traded at a P/S ratio of 0.57, close to its 10-year low of 0.46. The company is owned by 10 gurus.

    Gap has a market cap of $8.31 billion; its shares were traded around $20.88 with a P/E ratio of 10.57 and P/S ratio of 0.57. Gap's trailing 12-month dividend yield is 4.42%. The forward dividend yield is 4.46%. Gap had an annual average earnings growth of 10.40% over the past 10 years. GuruFocus rated Gap the business predictability rank of 4-star.


  • Edward Lampert Reduces 3 Stakes in 1st Quarter

    Edward Lampert (Trades, Portfolio) of RBS Partners LP reduced three stakes in his portfolio in the first quarter.

    Lampert trimmed his stake in AutoNation Inc. (NYSE:AN), a Fort Lauderdale, Florida-based auto retailer, by more than 10%. Lampert sold 698,053 shares for an average price of $48.57 per share. The transaction had a -2.86% impact on Lampert’s portfolio.


  • Gap May Be Poised for a Comeback

    Gap (NYSE:GPS) is one of the most iconic American brands and still has a solid economic moat. The company has been downsizing and closing stores, making room for cash to be deployed into higher-profit channels like ecommerce.

    It ended the first quarter with 3,794 company-operated and franchise store locations with almost 38 million square feet of retail space covering well-known brands like Banana Republic, Old Navy, Athleta, Gap and Gap Kids.


  • Sears Holdings to Close 78 Kmart, Sears Stores

    Sears Holdings (NASDAQ:SHLD), the Hoffman Estates, Illinois-based owner of retail store brands Sears and Kmart, announced Thursday that it will close 78 stores – 68 Kmart stores in 26 states and 10 Sears stores in eight states – in the next five months.

    All of the Sears stores and all but two of the Kmart stores will close by late July, Sears Holdings announced. Two Kmart stores – in Taylor, Michigan, and Lorain, Ohio – will close in September. In selecting which stores to shut down, the company said it considered stores’ historical and recent performances and the timing of lease expirations.


  • CEO and 10% Owner of Sears Holdings Invests in Company

    Edward Lampert (Trades, Portfolio) (Insider Trades), CEO and 10% owner of Sears Holdings Corp. (SHLD), bought 57,261 shares of the company on April 11. The average price per share was $14.34, for a total transaction of $821,123.

    The company is a retailer focused on connecting the digital and physical shopping experiences. Sears Holdings is home to Shop Your Way, a social shopping platform that offers members rewards for shopping at Sears and Kmart, as well as other retail partners.


  • AutoNation Is a Buy for Patient Value Investors

    “The intelligent investor is a realist who sells to optimists and buys from pessimists” - Benjamin Graham

    There are certainly plenty of pessimists about AutoNation Inc. (NYSE:AN), as shares have sold off the past year from $65 to about $48 today. Are the pessimists correct and is the drop justified? Or is this an opportunity for a realist to buy from those pessimists and benefit later when sentiment changes?


  • Eddie Lampert Comments on Tesla

    Some innovative companies like Tesla (NASDAQ:TSLA) are heavily subsidized by government policy (either directly or through purchases made by their customers) while existing car companies are forced to comply with mandates to produce cars that people may not want at enormous cost. These companies rely heavily on continued financing (Tesla raised over $1 billion in equity and over $2.5 billion in debt over the past four years) and favorable capital market conditions and valuations while companies viewed through a more traditional lens, like Sears Holdings, are met with skepticism even though we have an enormous asset base and a proven history of monetizing these assets and raising additional capital to fund our obligations and transformation.

    From Edward Lampert (Trades, Portfolio)'s 2015 annual letter for Sears Holdings.   

  • Eddie Lampert Comments on Amazon

    Companies like Amazon (NASDAQ:AMZN) were able to grow rapidly without having to collect sales tax, while traditional retail companies had the dual disadvantages of having to report profits and to collect sales tax from their customers. While it is true that Amazon’s customers, by law, were required to calculate and pay sales tax in states that required it, many commentators conveniently ignored these laws in their coverage of Amazon and the state and local authorities did little to enforce the existing laws. The consequence? We are now seeing more and more retail stores shut down and the tax base of many municipalities eroding due to the hollowing out of the sales tax base as the Wall Street Journal recently reported. Even the largest and most successful retailers, like Walmart, are shuttering stores all over the world.

    From Edward Lampert (Trades, Portfolio)'s 2015 annual letter for Sears Holdings.   

  • Eddie Lampert's 2015 Letter

    February 25, 2016

    To Our Shareholders, Associates and Members:


  • Widely Undervalued Stocks Trading Below Peter Lynch Value

    According to GuruFocus' All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair value is far above the current price. The following stocks are trading with a wide margin of safety, and at least five gurus are shareholders.

    AutoNation Inc. (AN) is trading at about $48 per share, and the Peter Lynch value gives the stock a fair price of $87.65, giving a margin of safety of 45%. It is trading with a PE ratio of 11.90, higher than 59% of companies in the Global Auto & Truck Dealerships industry, and is currently 28.98% below its 52-week high and 18.52% above its 52-week low.


  • 3 Investment Opportunities Double Tapped by Insiders and Gurus

    GuruFocus has various tools and screeners available to make the quest for your next great investment a little bit more efficient. A tool of which I am fond is the Double Buy screen. By employing it you can easily screen a list of stocks that have been double tapped by both gurus and insiders. Both types of events tend to trigger my interest, but when they occur simultaneously it is time to pay close attention. I regularly review the list, and these are currently the top three stocks that come up on the screen:

    top insider buys 2.jpg


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