Lands’ End Inc. (NASDAQ:LE) Director Jignesh Patel bought 2,500 shares of Lands’ End stock in a transaction that occurred on Wednesday, September 28th. The stock was bought at an average price of $15.15 per share, with a total value of $37,875.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $151,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Lands’ End Inc. (NASDAQ:LE) opened at 14.67 on Thursday. The firm’s market capitalization is $469.87 million. The stock’s 50 day moving average price is $17.58 and its 200-day moving average price is $19.13. Lands’ End Inc. has a one year low of $14.03 and a one year high of $28.08.
Lands’ End (NASDAQ:LE) last posted its quarterly earnings data on Thursday, September 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.08. The firm had revenue of $292 million for the quarter, compared to the consensus estimate of $292.25 million. Lands’ End had a positive return on equity of 6.51% and a negative net margin of 2.66%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, equities research analysts expect that Lands’ End Inc. will post $0.49 EPS for the current fiscal year.
A number of research analysts have recently commented on LE shares. Zacks Investment Research upgraded Lands’ End from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. CL King lowered Lands’ End from a “buy” rating to a “neutral” rating in a report on Monday.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new position in Lands’ End during the second quarter worth about $129,000. Paloma Partners Management Co increased its position 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 purchased a new position in Lands’ End during the second quarter worth about $218,000. Trexquant Investment LP purchased a new position in Lands’ End during the second quarter worth about $224,000. Finally, Alliancebernstein L.P. increased its position 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. Institutional investors and hedge funds own 71.31% of the company’s stock.
About Lands’ End
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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