Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert purchased 102,375 shares of the business’s stock in a transaction dated Friday, October 7th. The stock was bought at an average price of $15.00 per share, with a total value of $1,535,625.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Lands’ End Inc. (NASDAQ:LE) opened at 15.23 on Monday. Lands’ End Inc. has a 12-month low of $14.03 and a 12-month high of $27.60. The stock’s market capitalization is $487.80 million. The firm’s 50-day moving average is $16.85 and its 200 day moving average is $18.31.
Lands’ End (NASDAQ:LE) last released its quarterly earnings data on Thursday, September 1st. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.08. The business earned $292 million during the quarter, compared to analyst estimates of $292.25 million. Lands’ End had a positive return on equity of 6.51% and a negative net margin of 2.66%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS. Equities research analysts anticipate that Lands’ End Inc. will post $0.49 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in LE. Cubist Systematic Strategies LLC acquired a new position in Lands’ End during the second quarter worth 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 during the period. Zacks Investment Management purchased a new position in shares of Lands’ End during the second quarter valued at about $218,000. Trexquant Investment LP purchased a new position in shares of Lands’ End during the second quarter valued at about $224,000. Finally, Alliancebernstein L.P. increased its position in shares of Lands’ End by 68.3% in the second quarter. Alliancebernstein L.P. now owns 20,200 shares of the company’s stock valued at $332,000 after buying an additional 8,200 shares during the period. 71.38% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on LE shares. Zacks Investment Research upgraded shares of Lands’ End from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. CL King downgraded shares of Lands’ End from a “buy” rating to a “neutral” rating in a report on Monday, September 26th.
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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