Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert purchased 76,001 shares of the stock in a transaction on Thursday, October 6th. The stock was bought at an average price of $14.98 per share, for a total transaction of $1,138,494.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Lands’ End Inc. (NASDAQ:LE) opened at 14.91 on Wednesday. The firm has a 50-day moving average price of $17.17 and a 200-day moving average price of $18.44. Lands’ End Inc. has a 12 month low of $14.03 and a 12 month high of $27.60. The company’s market capitalization is $477.55 million.
Lands’ End (NASDAQ:LE) last issued its earnings results on Thursday, September 1st. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.08. Lands’ End had a positive return on equity of 6.51% and a negative net margin of 2.66%. The business had revenue of $292 million for the quarter, compared to the consensus estimate of $292.25 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The business’s revenue was down 6.5% compared to the same quarter last year. On average, equities research analysts predict that Lands’ End Inc. will post $0.49 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new position in shares of Lands’ End during the second quarter valued at approximately $1,232,000. Cubist Systematic Strategies LLC acquired a new position in shares of Lands’ End during the second quarter valued at approximately $129,000. Paloma Partners Management Co increased its position in shares of Lands’ End by 4.3% in the second quarter. Paloma Partners Management Co now owns 12,255 shares of the company’s stock valued at $201,000 after buying an additional 507 shares in the last quarter. Zacks Investment Management acquired a new position in shares of Lands’ End during the second quarter valued at approximately $218,000. Finally, Janus Capital Management LLC increased its position in shares of Lands’ End by 1.1% in the second quarter. Janus Capital Management LLC now owns 3,917,413 shares of the company’s stock valued at $64,324,000 after buying an additional 42,199 shares in the last quarter. Institutional investors own 71.31% of the company’s stock.
A number of brokerages have weighed in on LE. Zacks Investment Research cut Lands’ End from a “hold” rating to a “sell” rating in a research report on Monday, September 5th. CL King cut Lands’ End from a “buy” rating to a “neutral” rating in a research 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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