Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert acquired 16,846 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was acquired at an average cost of $14.60 per share, for a total transaction of $245,951.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Lands’ End Inc. (NASDAQ:LE) traded up 0.13% during trading on Wednesday, hitting $15.11. 93,598 shares of the company traded hands. Lands’ End Inc. has a 52-week low of $14.03 and a 52-week high of $28.08. The firm’s market cap is $483.96 million. The company’s 50-day moving average is $17.43 and its 200 day moving average is $18.77.
Lands’ End (NASDAQ:LE) last issued its earnings results on Thursday, September 1st. The company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.08. The firm earned $292 million during the quarter, compared to analyst estimates of $292.25 million. Lands’ End had a negative net margin of 2.66% and a positive return on equity of 6.51%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. On average, equities analysts anticipate that Lands’ End Inc. will post $0.49 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of LE. Cubist Systematic Strategies LLC purchased a new stake in shares of Lands’ End during the second quarter valued at $129,000. Paloma Partners Management Co boosted its stake in Lands’ End by 4.3% in the second quarter. Paloma Partners Management Co now owns 12,255 shares of the company’s stock worth $201,000 after buying an additional 507 shares during the last quarter. Zacks Investment Management bought a new stake in Lands’ End during the second quarter worth $218,000. Trexquant Investment LP bought a new stake in Lands’ End during the second quarter worth $224,000. Finally, Alliancebernstein L.P. boosted its stake in Lands’ End by 68.3% in the second quarter. Alliancebernstein L.P. now owns 20,200 shares of the company’s stock worth $332,000 after buying an additional 8,200 shares during the last quarter. 71.31% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on LE shares. Zacks Investment Research raised shares of Lands’ End from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd. CL King downgraded shares of Lands’ End from a “buy” rating to a “neutral” rating in a report on Monday, September 26th.
Lands’ End Company Profile
Lands’ End, Inc (Lands’ End) is a multi-channel retailer of casual clothing, accessories and footwear, as well as home products. The Company operates through two segments: Direct and Retail. The Company offers products through catalogs, online at www.landsend.com. The Direct segment sells products through the Company’s e-commerce Websites, international Websites and direct mail catalogs.
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