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

June 12, 2013 | About:

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. (NASDAQ:SHOS) Bruce Johnson bought 3,000 shares at an average price of $49.02. The total transaction amount was $147,060.

Before serving in his role as chief executive officer for Sears Hometown & Outlet Stores Inc., Bruce Johnson served as executive vice president for Sears Holdings Corporation. He also served as Interim president and CEO of Sears Holdings Corporation from February 2001 to February 2008. Prior to working at Sears Holdings Corporation, Johnson also worked at Kmart, Carrefour, Colgate-Palmolive Company, Booz Allen & Hamilton and Arthur Andersen & Company.

CEO and President Bruce Johnson also bought 4,672 shares of SHOS stock on March 13, 2013 at the average price of $36.42.

One Guru, Whitney Tilson, initiated a position in SHOS and bought 40,991 in the quarter that ended on March 31, 2013. Edward Lampert kept his position in the company unchanged or slightly adjusted and owns 9,086,583 shares as of the end of the 2013 first quarter.

Revenues decreased 3.2% to $601.1 million and net income was $14.997 million for Sears Hometown & Outlet Stores Inc.’s 2013 first quarter financial quarter.

Rating: 3.4/5 (5 votes)


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GuruFocus has detected 6 Warning Signs with Sears Hometown and Outlet Stores Inc $SHOS.
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