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Sears Holdings Corporation (NAS:SHLD)
Shares Outstanding
106 Mil (As of Jan. 2014)

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Sears Holdings Corporation's shares outstanding for the quarter that ended in Jan. 2014 was 106 Mil.

Sears Holdings Corporation's quarterly shares outstanding stayed the same from Oct. 2013 (106 Mil) to Jan. 2014 (106 Mil).

Sears Holdings Corporation's annual shares outstanding increased from Jan. 2013 (106 Mil) to Jan. 2014 (106 Mil). It means Sears Holdings Corporation issued new shares from Jan. 2013 to Jan. 2014 .


Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.


A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

If a company buys back shares, we should also observe negative number for Net Issuance of Stock in its cash flow statement. If a company issues shares, we will observe positive number of Net Issuance of Stock.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Related Terms

Net Issuance of Stock, Buy Back Rate

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Sears Holdings Corporation Annual Data

Shares Outstanding 101154156145127118112107106106

Sears Holdings Corporation Quarterly Data

Shares Outstanding 107106106106106106106106106106
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