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. (AN, Financial), 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.
AutoNation was founded in 1996 and has become the leading automotive retailer in the U.S. with new vehicles accounting for more than 57% of its revenue. AutoNation sold its 10 millionth vehicle – an unprecedented milestone – last year.
The remaining stake of 6,093,287 shares is 5.91% of AutoNation’s outstanding shares and 25.21% of Lampert’s total assets. Lampert is AutoNation’s leading shareholder among the gurus.
AutoNation has a P/E of 12.7, a forward P/E of 10.3, a P/B of 2.4 and a P/S of 0.3. GuruFocus gives AutoNation a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
AutoNation sold for $48.13 per share Friday. The DCF Calculator gives AutoNation a fair value of $40.88.
Lampert reduced his stake in Gap Inc. (GPS, Financial), a San Francisco-based retailer, by nearly 24% with the sale of 1,003,791 shares for an average price of $26.16 per share. The deal had a -1.7% impact on Lampert’s portfolio.
Gap was founded in 1969 as a single store in San Francisco that sold jeans and records. It has grown into the largest specialty retailer in the U.S.
The remaining stake of 3,256,272 shares is 0.82% of Gap’s outstanding shares and 8.48% of Lampert’s total assets. Lampert is Gap’s leading shareholder among the gurus.
Gap has a P/E of 9.1, a forward P/E of 9.1, a P/B of 2.9 and a P/S of 0.5. GuruFocus gives Gap a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Gap sold for $18.01 per share Friday. The DCF Calculator gives Gap a fair value of $30.77, a margin of safety of 41%.
Lampert sliced more than 10% from his stake in Sears Canada Inc. (SRSC, Financial), a Toronto-based retailer that was founded in 1952 as a joint venture with Canadian department store chain Simpsons and U.S.-based Sears, Roebuck & Co.
Lampert sold 2,692,691 shares for an average price of $3.34 per share. The transaction had a -0.94% impact on Lampert’s portfolio.
The remaining stake of 23,504,516 shares is 34.07% of Sears Canada’s outstanding shares and 5.83% of Lampert’s total assets. Lampert, the chairman of Sears Holdings Corp. (SHLD, Financial), is Sears Canada’s leading shareholder among the gurus.
Sears Canada has a P/B of 0.8 and a P/S of 0.1. GuruFocus gives Sears Canada a Financial Strength rating of 6/10 and a Profitability and Growth rating of 3/10.
Sears Canada sold for $3.25 per share Friday. The DCF Calculator gives Sears Canada a fair value of $-5.95.
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