Billionaire financier Eddie Lampert has had a lot of success
with investing in retailers. His positions in Autozone,
AutoNation gained multi-baggers. Although he seems to be
struggling with his largest retailer investment, Sears (
SHLD
), he still made a lot of money with the position. Now Lampert
buys Netflix, and added into another retailer Big Lots, Inc. He
sells Gap, Inc., Autozone Inc, Capital One Financial Corp, Cit
Group Inc, Seagate Technology Plc, Avon Products Inc etc during
the 3-months ended 09/30/2012, according to the most recent
filings of his investment company, ESL Investments. Lampert keeps
selling AutoNation and Autozone over the past quarters. They are
his long term positions and their stock prices have appreciated
multiple times. Overall, Eddie sold a lot more stocks than bought
during the third quarter.
As of 09/30/2012, ESL Investments owns 10 stocks with a total
value of $5.6 billion. These are the details of the buys and
sells.
For the details of
Edward Lampert
's stock buys and sells, go to
http://www.gurufocus.com/StockBuy.php?GuruName=Edward+Lampert
This is the
sector weightings of his portfolio:
|
Consumer Services
|
95%
|
|
Financials
|
4.6% |
|
Industrials
|
0.4% |
These are the top 5 holdings of Edward Lampert
- Sears Holdings Corporation (
SHLD
) - 42,274,142 shares, 42.1% of the total portfolio. Shares
reduced by 1.68%
- AutoNation Inc (
AN
) - 48,063,910 shares, 37.7% of the total portfolio.
- Gap, Inc. (
GPS
) - 19,334,733 shares, 12.4% of the total portfolio. Shares
reduced by 33.79%
- Capital One Financial Corp (
COF
) - 2,991,388 shares, 3.1% of the total portfolio. Shares
reduced by 31.62%
- AutoZone Inc (
AZO
) - 197,052 shares, 1.3% of the total portfolio. Shares reduced
by 73.04%
New Purchase: Netflix, Inc. (
NFLX
)
Edward Lampert initiated holdings in Netflix, Inc.. His purchase
prices were between $53.76 and $84.87, with an estimated average
price of $64.67. The impact to his portfolio due to this purchase
was 0.69%. His holdings were 704,381 shares as of 09/30/2012.
Netflix Inc. is the largest online movie rental subscription
service in the United States providing subscribers access to a
comprehensive library of more than 18,000 movie, television and
other filmed entertainment titles. Netflix, Inc. has a market cap
of $4.33 billion; its shares were traded at around $79.78 with a
P/E ratio of 87.5 and P/S ratio of 1.4. Netflix, Inc. had an
annual average earnings growth of 44.3% over the past 5 years.
GuruFocus rated Netflix, Inc. the business predictability rank of
5-star.
It is not clear why Lampert bought into Netflix. The stock of the
company collapsed from $300 a share to its recent $70. Maybe he
is saying the opportunity there.
Added: Big Lots, Inc. (
BIG
)
Edward Lampert added to his holdings in Big Lots, Inc. by
171.18%. His purchase prices were between $29.43 and $41.92, with
an estimated average price of $36.37. The impact to his portfolio
due to this purchase was 0.48%. His holdings were 1,427,397
shares as of 09/30/2012. Consolidated Stores Corp. is one of the
value retailers specializing in closeout merchandise and toys.
Big Lots, Inc. has a market cap of $1.72 billion; its shares were
traded at around $26.89 with a P/E ratio of 10.2 and P/S ratio of
0.3. Big Lots, Inc. had an annual average earnings growth of
25.3% over the past 10 years. GuruFocus rated Big Lots, Inc. the
business predictability rank of 4.5-star.
Sold Out: Cit Group Inc (
CIT
)
Edward Lampert sold out his holdings in Cit Group Inc. His sale
prices were between $34.3 and $41.37, with an estimated average
price of $37.45. CIT Group Inc. is a bank holding company that
provides financing and leasing capital for commercial companies
throughout the world. Cit Group Inc has a market cap of $7.41
billion; its shares were traded at around $36.29 with and P/S
ratio of 1.5.
Sold Out: Seagate Technology Plc (
STX
)
Edward Lampert sold out his holdings in Seagate Technology Plc.
His sale prices were between $24.48 and $34.65, with an estimated
average price of $29.8. Seagate Technology is the worldwide
leader in the design, manufacture and marketing of hard disc
drives, providing products for a wide-range of applications,
including Enterprise, Desktop, Mobile Computing, Consumer
Electronics and Branded Solutions. Seagate Technology Plc has a
market cap of $11.4 billion; its shares were traded at around
$26.74 with a P/E ratio of 3.7 and P/S ratio of 0.8. The dividend
yield of Seagate Technology Plc stocks is 4.4%.
Sold Out: Avon Products Inc (
AVP
)
Edward Lampert sold out his holdings in Avon Products Inc. His
sale prices were between $14.52 and $16.6, with an estimated
average price of $15.79. Avon Products, Inc. is one of the
world's manufacturers and marketers of beauty and related
products, which include cosmetics, fragrance and toiletries;
beauty plus which consists of jewelry and accessories and
apparel; and non-core which consists of gift and decorative and
home entertainment products. Avon Products Inc has a market cap
of $6.17 billion; its shares were traded at around $13.82 with a
P/E ratio of 16.6 and P/S ratio of 0.6. The dividend yield of
Avon Products Inc stocks is 6.4%. Avon Products Inc had an annual
average earnings growth of 2.8% over the past 10 years. GuruFocus
rated Avon Products Inc the business predictability rank of
3-star.
Reduced: Gap, Inc. (
GPS
)
Edward Lampert reduced to his holdings in Gap, Inc. by 33.79%.
His sale prices were between $27.16 and $36.19, with an estimated
average price of $32.49. The impact to his portfolio due to this
sale was -4.7%. Edward Lampert still held 19,334,733 shares as of
09/30/2012. The Gap, Inc. is a global specialty retailer which
operates stores selling casual apparel, personal care and other
accessories for men, women and children under the Gap, Banana
Republic and Old Navy brands. Gap, Inc. has a market cap of
$16.17 billion; its shares were traded at around $33.63 with a
P/E ratio of 18.9 and P/S ratio of 1.1. The dividend yield of
Gap, Inc. stocks is 1.5%. Gap, Inc. had an annual average
earnings growth of 15.4% over the past 10 years. GuruFocus rated
Gap, Inc. the business predictability rank of 2.5-star.
Reduced: Autozone Inc (
AZO
)
Edward Lampert reduced to his holdings in Autozone Inc by 73.04%.
His sale prices were between $351.99 and $384.24, with an
estimated average price of $368.03. The impact to his portfolio
due to this sale was -3.43%. Edward Lampert still held 197,052
shares as of 09/30/2012. Autozone is the nation's specialty
retailer of automotive parts and accessories, primarily focusing
on do-it-yourself customers. Autozone Inc has a market cap of
$13.92 billion; its shares were traded at around $370.15 with a
P/E ratio of 16 and P/S ratio of 1.6. Autozone Inc had an annual
average earnings growth of 17.4% over the past 10 years.
GuruFocus rated Autozone Inc the business predictability rank of
4-star.
His success with AutoZone can be seen from the chart below:
He has sold most of his AutoZone shares over the past two years.
Here is the complete portfolio of Edward Lampert. Also check out:
1. Edward Lampert's Undervalued Stocks
2. Edward Lampert's Top Growth Companies, and
3. Edward Lampert's High Yield stocksAbout GuruFocus:
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